Office Space Leasing Archives - Page 2 of 3

Deloitte Leases 175,000 Sq Ft in Prestige Trade Tower at Delhi’s Aerocity 0
- Industry News
- August 9, 2024
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.
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Office Space Demand Set to Surge by 35% in Major Indian Cities 0
- Industry News
- August 2, 2024
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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UK Government Buys ₹101 Crore Office Space in Mumbai 0
- Industry News
- July 22, 2024
The UK government’s Secretary of State for Foreign, Commonwealth, and Development Affairs has purchased 12 office units totalling 14,883 sq ft in Mumbai’s One Lodha Place for ₹101.2 crore. The acquisition, signed by Trade Commissioner Harjinder Singh Kang, signifies strategic diplomatic expansion in India.
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Kolkata Office Leasing Soars 33% in Q2 2024 0

Kolkata’s office space leasing surged 33% in Q2 2024, reaching 0.4 million sq ft, driven by the tech and BFSI sectors. H1 2024 saw a 23% rise in office transactions and a 6% rent increase. Despite recent stamp duty changes, residential sales grew 25%, with 9,130 units sold.

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

India’s office space absorption hit a record 34.8 million sq. ft. in H1 2024, a 29% increase from 2023. Despite a 32% drop in new supply, vacancy rates fell to 15.9%. Bengaluru led leasing activity, followed by Mumbai and Hyderabad, with strong demand from tech and BFSI sectors.

Samsung Renews 420,000 Sq Ft Bengaluru Office Lease 0

Samsung Research and Development Institute India-Bangalore renews its 420,000 sq. ft. office lease in Bengaluru for five years, with an annual rent of ₹500 million. Despite global vacancy trends, India’s office space demand is growing and is driven by sectors like GCC and BFSI. Samsung’s commitment underscores Bengaluru’s role as a tech hub.

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