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

The Maharashtra state government has signed memorandums of understanding (MoUs) with 10 companies to attract investments totalling ₹42,892 crore, focusing mainly on solar and green energy, data centres, and related infrastructure. This investment drive is part of the state’s efforts to boost industrial growth, generate employment, and strengthen sectors of strategic importance.
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India’s office leasing market recorded a strong 24% growth in the first half of 2025, driven predominantly by demand in Mumbai, Pune, and the National Capital Region (NCR). The total leasing volume reached a record 48.9 million square feet across eight major cities, marking the highest ever for a six-month period.
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Mumbai hit a record 4.3 million sq ft in leasing, led by BFSI and IT-BPM. Net absorption surged 165% QoQ. Minimal new supply lowered vacancy to 12.75%. Rents rose across core submarkets. With tight vacancy and limited near-term completions, rents are expected to continue firming in prime areas.
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MUMBAI: The country’s financial capital has climbed to the top of India’s commercial real estate ladder. According to a new report by Anarock Research, office rentals in the Mumbai Metropolitan Region (MMR) have jumped 28% in three years — from ₹131 per sq ft in 2022 to ₹168 in 2025 — making it the most
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NeoSOFT has expanded its presence with new offices in Mumbai, Airoli, and Pune, adding 1,100 tech roles to boost its NeoNXT cloud platform. The move includes launching innovation hubs for AI, Gen AI, and automation, positioning the company as a leader in India’s evolving digital engineering and enterprise solutions landscape.
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AU Small Finance Bank has acquired an 11-storey office tower in Mumbai’s Bandra for INR 371 crore, marking the largest office space purchase by a financial institution in 2025. This move supports its post-merger expansion, aims to establish a new headquarters, and signals a strategic shift toward owning prime commercial real estate.
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