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Delhi-NCR Powers India’s Office Space Surge in 2024 0
- Industry News
- January 9, 2025
Delhi-NCR’s office market surged in 2024, with 9.4 million sq ft net absorption and record-breaking 17.7 million sq ft gross leasing. Driven by Global Capability Centres, flexible workspaces, and technology, it contributed 15.4% to India’s 49.56 million sq ft absorption. Vacancy rates hit a three-year low, showcasing robust demand nationwide.
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Meta Renews 367,000 Sq Ft Lease in Hyderabad’s Hitech City 0
- Industry News
- January 9, 2025
Meta renews its 367,000 sq ft office lease in Hyderabad’s Hitech City for five years, reinforcing its commitment to India. With ₹170 crore in total outlay, this move highlights Hyderabad’s growing appeal for global corporations amid rising demand for premium office spaces in India’s thriving commercial real estate market.
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Gurugram’s Office Realty Resurges with Mega Leasing Deals 0
- Industry News
- January 9, 2025
Gurugram’s office realty is surging with major leases, including Google’s 550,000 sq ft deal and IBM’s 260,000 sq ft space. Co-working operators like Smartworks are expanding rapidly. Factors like the return to office work, unicorn startups, and flexible workspaces are driving demand, reaffirming Gurugram’s status as a corporate hub.
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India’s Office Space Market Reaches Record 89 Million Sq Ft in 2024 0
- Coworking
- January 9, 2025
India’s office leasing hit 89 million sq ft in 2024, led by Bengaluru, Mumbai, and Hyderabad. Net absorption reached 50 million sq ft, driven by IT-BPM, GCCs, and flexible workspaces. Despite tight Grade A supply, demand remains robust, positioning India as a global leader in commercial real estate.
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Kolkata’s Office Space Market Booms Amid IT and BFSI Expansion 0
- Industry News
- January 8, 2025
Kolkata’s office market hit record net leasing of 1.5M sq ft in 2024, driven by IT-BPO, BFSI, and consulting demand. Significant deals and robust 2025 supply pipelines position the city as a growing commercial hub, contributing to India’s 89M sq ft office leasing milestone across major cities.
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Office Space Demand in India Surges: Bengaluru and NCR Lead the Way 0
- Industry News
- January 8, 2025
India’s office space sector hit 71.9 million sq ft in 2024, a 20% YoY growth driven by Bengaluru and NCR. Flex spaces surged with 52% growth, while Hyderabad and Pune faced rising vacancies. Demand outpaced supply, boosting rents. Key markets and hybrid work models fuel India’s commercial real estate boom.
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