India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Tech Mahindra has leased 3.97 lakh sq. ft. of office space at Aparna Technopolis in Hyderabad under a 10-year agreement valued at approximately ₹410 crore. The deal reflects strong occupier confidence in Hyderabad’s office market, which continues to witness rising leasing activity, rental growth, and expanding GCC presence.
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NBCC India has successfully sold 7.08 lakh sq. ft. of commercial space at Bharat Business Park in New Delhi through an e-auction valued at ₹2,857 crore. The transaction highlights strong demand for premium commercial assets, supports NBCC’s asset monetisation strategy, and reinforces confidence in India’s evolving office real estate market.
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Cushman & Wakefield has appointed Gipson Paul as Managing Director, Hyderabad, to lead growth across service lines and strengthen client engagement in one of India’s fastest-growing commercial real estate markets. With 25 years of industry experience, Paul will help drive the firm’s expansion amid rising office, investor, and occupier activity.
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Target Corporation India has leased 8.31 lakh sq. ft. of office space at Embassy Manyata Business Park in Bengaluru under a 10-year agreement valued at nearly ₹1,250 crore. The landmark transaction highlights growing demand from Global Capability Centres (GCCs) and strengthens Bengaluru’s position as India’s leading office leasing market.
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Institutional investors and REITs now control 72% of India’s existing office inventory and 61% of upcoming supply, signalling a major shift in commercial real estate ownership. As premium office assets move into long-term institutional portfolios, direct ownership opportunities are declining, while yield-based investing and professional asset management gain prominence.
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Volney Commercial Real Estate Advisory recorded approximately 85,000 sq. ft. of office leasing transactions in FY 2025-26, achieving twofold growth over the previous year. The deals were concentrated across Mumbai’s key commercial hubs, including Bandra Kurla Complex, Chandivali, and Andheri East, reflecting continued occupier demand for premium office space.
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