Articles & Latest News on India - Page 12 of 13

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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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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Indian Office Market on Track to Become “Office to the World” | JLL Report 0

India’s office market is set to become the “Office to the World,” with record leasing volumes projected for 2024. The first half saw 33.5 million sq ft leased, driven by Global Capability Centres and sectoral solid performances. Key cities like Bengaluru and Delhi NCR led the growth, reflecting positive market sentiments.

Office Transactions Reach Record Highs in H1 2024 – Knight Frank India Report 0

India’s office market hit a record 34.7 million sq ft in H1 2024, growing 33% year-on-year. Bengaluru led with 8.4 million sq ft. Flexible spaces surged, comprising 21% of transactions. Strong demand lowered vacancy rates and boosted rents. The market is set to finish 2024 on a high note.

GCCs Drive India’s Office Leasing with 37% Share 0

Global Capability Centers (GCCs) drive 37% of India’s office leasing, attributed to BFSI and technology firms. Bengaluru, Pune, and Hyderabad lead in leasing, highlighting strategic importance. Diversified tenant demand and flexible office spaces indicate continued growth in India’s commercial real estate.

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