India

India’s Office Space Demand Soars, Reaching 47 Million Sq Ft in 2024 0
- Industry News
- September 27, 2024
India’s office space demand reached 46.7 million sq ft in the first nine months of 2024, with Bengaluru and Hyderabad leading the leasing activity. Flex spaces and large enterprises drove the surge, while new supply increased by 33% year over year. The tech and BFSI sectors also contributed significantly to the growth.
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India Sees 54% Growth in Large Office Space Leasing in 2024 0
- Industry News
- September 26, 2024
India’s commercial real estate saw a 54% year-on-year increase in large office space leasing in H1 2024, driven by corporate expansion and Global Capability Centres (GCCs). Bengaluru led with 4.5 million sq ft leased. Mid-sized office spaces grew by 70%, and flexible workspaces remain crucial for IT and startups.
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India’s Office Market Embraces Flex Spaces for the Future 0
- Industry News
- September 23, 2024
A new report reveals that over 80% of Indian office occupiers plan to adopt flexible office spaces. Key drivers include cost efficiency, hybrid work models, and enterprise-grade amenities. Flex spaces are increasingly used for core operations, with longer lease commitments expected. Prime locations remain a priority for businesses.
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How Remote Work is Redefining Real Estate Investment in India’s Flexible Workspaces 0
- Workspace Solutions
- September 16, 2024
Remote work is reshaping India’s real estate landscape, with flexible workspaces gaining prominence. Discover how this trend is driving investment strategies and altering property preferences.
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Net Office Leasing in India Set to Grow by 10-12% in FY25: Report 0
- Industry News
- September 10, 2024
Net office leasing in India is projected to grow 10-12% to 41-43 million sq ft in FY25, driven by strong demand from GCCs, BFSI, and manufacturing sectors. Vacancy rates are stabilising, and GCCs are expected to account for 40-45% of total net leasing, signalling continued growth in commercial real estate.
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India Rises as Top Destination for Global Capability Centers with 53 Million Sq Ft Leased Since 2022 0
- Industry News
- September 9, 2024
India has become a top destination for Global Capability Centers (GCCs), leasing 53 million square feet of office space since 2022. With 67% of GCCs planning further expansion, India’s skilled workforce, cost-effectiveness, and supportive government policies continue to attract global firms, boosting the commercial real estate sector.
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