Industry News

GCCs Set to Occupy 26 Million Sq Ft Office Space by 2027: Knight Frank India 0
- Industry News
- July 26, 2024
By 2027, India’s Global Capacity Centres (GCCs) are expected to expand their office space to 26 million sq ft, driven by a surge in leasing deals and strategic growth in the IT/ITeS and BFSI sectors. This growth not only underlines India’s pivotal role in global business innovation and talent acquisition but also sets a promising trajectory for the future of these sectors.
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India’s Office Market Booms | Key Drivers and Trends 0
- Industry News
- July 25, 2024
India’s office market set new records in H1 2024, with 33.5 million sq ft of leasing across top cities. Bengaluru and Delhi-NCR led the surge, which was driven by the high demand for flexible office spaces. Key sectors like tech and finance boosted growth, reflecting robust confidence in the commercial real estate sector.
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Incuspaze Secures $8 Million Funding for Expansion 0
- Industry News
- July 24, 2024
Incuspaze raises $8 million in funding led by the India Inflection Opportunity Fund, boosting its expansion plans across India. The co-working provider’s portfolio spans 3 million sq ft in 18 cities, with plans to enter southern markets. This funding signals a potential IPO and strengthens their market position.
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Nielsen Media and Subsidiary Lease 1.52 Lakh Sq Ft Office Space in Mumbai 0
- Industry News
- July 23, 2024
Nielsen Media and subsidiary Whats On India Media Pvt Ltd have leased 1.52 lakh square feet in Commerz III, Oberoi Gardens, Mumbai, for ₹3.87 crore per month over ten years. The deal includes substantial security deposits and premium car parking facilities.
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Over 65% of Grade A Office Spaces in India’s Top Cities are Green-Certified | Vestian.0
- Industry News
- July 22, 2024
Over 65% of Grade A office spaces in India’s top seven cities are green-certified, with Bengaluru leading in total green space and Chennai boasting the highest percentage. LEED Gold certification is prevalent, reflecting a strong demand for sustainable and flexible office solutions.
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UK Government Buys ₹101 Crore Office Space in Mumbai 0
- Industry News
- July 22, 2024
The UK government’s Secretary of State for Foreign, Commonwealth, and Development Affairs has purchased 12 office units totalling 14,883 sq ft in Mumbai’s One Lodha Place for ₹101.2 crore. The acquisition, signed by Trade Commissioner Harjinder Singh Kang, signifies strategic diplomatic expansion in India.
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