Articles & Latest News on Office Space - Page 2 of 18

India’s Office Space Supply Hits Record 515 Lakh Sq. Ft. in 2024: Vestian Report 0

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.

Prime Office Space Demand Surges as Hrithik Roshan Leases Pune Property for ₹6.08 Lakh Monthly 0

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.

Record Office Space Supply in India’s Top Cities Amid Strong Demand 0

India’s office space supply reached 515 lakh sq ft in 2024, fueled by strong demand for IT-ITeS and global capability centres. Leasing activity surged to 707 lakh sq ft, up 16% from 2023. Hyderabad, Bengaluru, and Delhi-NCR saw significant growth, while Chennai experienced decline. The IT sector continues to lead.

India’s Office Space Market Set for Double-Digit Growth in 2025 0
- Industry News
- February 21, 2025
India’s office space market is set for double-digit growth in 2025, with leasing projected to reach 65-70 million sq ft. Bengaluru will lead demand, while Hyderabad and Delhi NCR will grow significantly. GCCs, BFSI firms, and flex space operators will drive expansion, with sustainability and REITs reshaping commercial real estate.
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HDFC Bank Secures 4.5 Lakh Sq. Ft Office Space in Mumbai’s Andheri East in ₹1,020 Crore Lease Deal 0
- Industry News
- February 18, 2025
HDFC Bank has signed a 10-year lease for 4.5 lakh sq. ft of office space in Mumbai’s Andheri East, valued at ₹1,020 crore. The deal includes 227 parking spaces and a 15% rent escalation every three years. This move aligns with HDFC Bank’s real estate restructuring and expansion strategy.
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Hyderabad’s Office Space Boom: Set to Cross 200 Million Sq. Ft by 2030 Amidst Rising Tech and GCC Demand 0
- Industry News
- February 18, 2025
Hyderabad is on track to surpass 200 million sq. ft of office space by 2030, fueled by increasing demand from technology firms and Global Capability Centers (GCCs), according to a joint report by CBRE and the Hyderabad Software Enterprises Association (HYSEA). The city’s office stock has tripled since 2014, reaching nearly 137 million sq. ft as of December 2024.
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