Articles & Latest News on Office Space - Page 4 of 21

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

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.

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
- 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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Record Office Space Supply in India’s Top Cities Amid Strong Demand 0
- Industry News
- March 10, 2025
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.
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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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