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India Office Leasing Surges as GCCs and Flex Spaces Dominate

Indian office property net absorption is rising due to global capability centres (GCCs) and flexible spaces. India's status as a business centre is strengthened by global and local firms' rapid development.

By Admin

  • 7th Oct 2024
  • 1185 Views
Incuspaze Leases Over 3 L sq ft in Bengaluru's QUBE Software Park & 4 L Sqft in Alphathum building in Sector 90, Noida Expressway

To expand, flexibility provider Incuspaze leased 325,000 sq ft of office space at QUBE Software Park in Bengaluru. Previously leased 156,000 sq ft in Whitefield, this demonstrates the company's aggressive growth ambition. INCUSpaze is expanding into Bengaluru's IT industry.

By Admin

  • 10th Sep 2024
  • 1282 Views
How Are Flexible Lease Terms Driving a Surge in Office Space Renewals Across India?

Amazon, Cognizant, IBM, Accenture, and McKinsey are renewing leases in India's office space market, which is booming. Bangalore led the list of cities where major firms renewed office space, with 1.6 million square feet renewed between January and July 2024.

By Admin

  • 3rd Sep 2024
  • 1199 Views
IBM Secures Presence in Bengaluru with INR 143 Crore Annual Lease Renewal at Embassy REIT Property

IBM renewed its lease for 830,000 square feet of Embassy Golf Links Business Park office space in Bengaluru. The ₹143 crore yearly leasing contract is one of the biggest in the commercial office space category this year. According to insiders, this initiative would strengthen the US technology giant

By Admin

  • 31st Aug 2024
  • 1226 Views
A Comprehensive Overview of The Steps SEBI Has Taken to Boost Green Buildings

SEBI's obligatory sustainability reporting has expedited green building uptake by occupiers, investors, and developers. This legislative focus is changing India's real estate environment, especially green-certified office leasing.

By Admin

  • 15th Aug 2024
  • 1225 Views
Bhive Workspaces Plans INR 800 Crore IPO for FY26, Targets Expansion Beyond Bengaluru

A senior official at Bhive Workspaces, a top provider of managed office spaces, has announced plans for an IPO valued over ₹800 crore in the coming year. Before the IPO, Bhive wants to diversify its portfolio by lowering its 95% reliance on Bengaluru.

By Admin

  • 9th Aug 2024
  • 1225 Views
Godrej Family Office Sells Stake in Sobha for INR 858 Crore

Nearly half of the ownership in Bengaluru-based real estate developer Sobha was sold in block agreements for around ₹857.70 crore by a company owned by the Godrej Industries Group family office.

By Admin

  • 27th Jul 2024
  • 1210 Views
WeWork India Expands with 140,000 sq ft of New Office Space in Bengaluru and Noida

WeWork India leased 140,000 square feet of office space in Bengaluru and Noida to accommodate flexible workspace demand. Their portfolio will grow by 2,400 seats with these additional offices opening between September and October.

By Admin

  • 26th Jul 2024
  • 1208 Views
Why Does Bengaluru Top India's Office Space Market? Key Insights and Future Projections

Bengaluru has become India's largest and most important office market, surpassing all other cities. In June 2024, the city's office space exceeded 223 million sq ft, up from 100 million in 2013. It has the most office space in India. This brief report from Ghar.tv highlights critical points.

By Admin

  • 20th Jul 2024
  • 1257 Views
Apple to Lease Entire Office Tower from Embassy Group in Bengaluru

Apple will lease 400,000 sq ft of office space on Sankey Road from Embassy Group at a record cost of nearly ₹220 per sq foot per month.

By Admin

  • 28th Jun 2024
  • 1278 Views
Office Leasing in Top 6 Indian Cities Surges by 19% in H1 2024

Office space leasing in India's top six cities rose 19% to 29.4 million square feet in the first half of 2024. Mumbai and Hyderabad quadrupled office space absorption, with Bengaluru leading at 8.8 million sq ft.

By Admin

  • 27th Jun 2024
  • 1228 Views
Amazon Expands Operations with Major Office Lease of Over 1.1 Million SqFt in Bengaluru

Amazon will lease over 1.1 million sq ft of office space from Sattva Group in North Bengaluru, expanding its operations there. Amazon will occupy the 11-story office tower in Sattva Horizon business park near the international airport, which will house roughly 7,000 people.

By Admin

  • 14th Jun 2024
  • 1331 Views
Google Expands Footprint - Leases 649,000 sq ft in Alembic City, Bengaluru

Google leased 649,000 sq ft of office space in Alembic City in Whitefield, Bengaluru. Sources report a monthly fee of ₹62 per sq ft with a three-year lock-in term. Google has been proactively purchasing conventional and flexible office premises in key Indian cities to expand its footprint.

By Admin

  • 29th May 2024
  • 1318 Views
Global Capability Centres Emerge As Big Players in Indian Commercial Real Estate

Bengaluru office leasing is changing. Multinational firms' tech and shared service divisions, Global Capability Centres (GCCs), are gaining ground in India's commercial real estate market. In 2023, GCCs leased the most space since the start of the decade, according to Colliers.

By Admin

  • 24th Mar 2024
  • 1261 Views
Expansive Growth Awaits India's REIT Office Market A Lucrative Future Envisioned

The Indian real estate investment trust (REIT) market is on the brink of a monumental expansion, poised to redefine the landscape of office real estate.

By Admin

  • 19th Feb 2024
  • 1281 Views
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