Articles & Latest News on Office Space

BFSI Sector Drives Unprecedented Office Space Demand with 135 Lakh Sq Ft Leasing in 2024 0

The BFSI sector leased a record 135 lakh sq ft of office space in 2024, surpassing previous years. A JLL India report highlights its steady 17-18% share in total leasing. Foreign firms dominated with 68.3% of demand. This growth cements BFSI’s key role in India’s commercial real estate market.

Office Space Demand in Delhi-NCR Surges 61%, Led by GCCs and Tech Sector 0

The Delhi-NCR office market saw a 61% surge in demand in 2024, driven by GCCs and the tech sector. Co-working spaces gained traction, while office rentals rose 5%. Despite a 22% drop in new supply, vacancy rates fell. Noida led rental growth, keeping NCR a key business hub.

India’s Office Space Supply Hits Record High in 2024 0

India’s office market reached an all-time high in 2024, with 515 lakh sq ft of new office space added across seven major cities. Despite economic challenges, demand for Grade-A spaces remained strong. Hyderabad and Bengaluru led new completions while rental prices steadily increased.

NPCI to Establish 5 Lakh Sq. Ft. Office Space in Mumbai’s BKC 0
- Industry News
- March 10, 2025
The National Payments Corporation of India (NPCI) plans to build a 5 lakh sq. ft. office in Mumbai’s Bandra Kurla Complex, consolidating operations and accommodating 5,000 employees. CEO Dilip Asbe highlights the growing need for space due to AI advancements and the rising adoption of UPI-driven credit transactions.
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India’s Office Space Supply Hits Record 515 Lakh Sq. Ft. in 2024: Vestian Report 0
- Industry News
- March 10, 2025
India’s top cities saw a 7% rise in office space supply in 2024, reaching a record 515 lakh sq. ft., with Hyderabad leading the surge. Vacancy rates dipped, rental values climbed, and IT-ITeS dominated leasing, signalling strong demand for GCCs, BFSI, and flex spaces, per Vestian’s latest report.
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Prime Office Space Demand Surges as Hrithik Roshan Leases Pune Property for ₹6.08 Lakh Monthly 0
- Industry News
- March 10, 2025
Bollywood star Hrithik Roshan has leased his premium 9,209 sq. ft. office in Pune’s EON Kharadi complex to Regus Ruby Business Centre for ₹6.08 lakh per month. Registered on February 20, 2025, the deal underscores Pune’s booming commercial real estate sector and its appeal to top businesses.
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