Office Space Leasing Archives

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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Morgan Stanley Secures ₹2,122 Crore Office Lease in Mumbai’s Oberoi Commerz III 0
- Industry News
- September 26, 2024
Morgan Stanley has secured a 1.1 million sq ft office space lease in Mumbai’s Oberoi Commerz III for ₹2,122 crore, marking India’s largest office lease deal this year. The nearly 10-year agreement reflects the growing demand for large-scale premium workspaces in India’s commercial real estate market.
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Volkswagen Leases 1.23 Lakh Sq. Ft. in Pune’s Embassy Tech Zone to Strengthen India Presence 0
- Industry News
- September 2, 2024
Volkswagen Group Technology Solutions India has leased 1.23 lakh sq. ft. in Pune’s Embassy Tech Zone to expand its operations. The five-year lease includes a four-month rent-free fit-out period. This reflects Volkswagen’s commitment to India amid the growing demand for office space driven by global capability centres (GCCs) nationwide.
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BlackRock Leases Premium Office Space in Mumbai’s Worli for Rs 1.1 Crore Monthly 0

BlackRock Services India has leased 42,700 sq. ft. of office space in Mumbai’s Worli at Rs 1.1 crore per month. The five-year lease includes a 36-month lock-in period and escalations in rent over time. The office is located in the Altimus Tower by K Raheja Corp.

Deloitte Leases 175,000 Sq Ft in Prestige Trade Tower at Delhi’s Aerocity 0

Deloitte leases 175,000 sq ft in Prestige Trade Tower at Delhi’s Aerocity, marking Prestige Group’s commercial debut in the capital. This move reflects a strong demand for premium office spaces near the airport. The project includes hotel rooms, office spaces, and a convention centre set to boost Aerocity’s business landscape.

Office Space Demand Set to Surge by 35% in Major Indian Cities 0

Office space demand in six major Indian cities is projected to rise 35% in Q1 2024, reaching 13.6 million sq ft. Hyderabad leads with a twofold increase, followed by significant growth in Mumbai and Bengaluru. The technology, engineering, manufacturing, and BFSI sectors drive this surge, with flexible workspaces also in high demand.

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