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.

Microsoft Corporation purchased a 48-acre land tract in Ranga Reddy, Hyderabad, for Rs 267 crore to expand its data centre footprint. The Sai Balaji Developers-facilitated, Propstack-documented purchase is a major regional investment.

Cognizant Technologies, a major software corporation, is moving towards asset-lightness. The company will sell its large Hyderabad and Chennai offices. Cognizant's approach is to concentrate on non-core real estate and simplify operations.

According to an Anarock research, premium office space rental prices in seven major cities rose 7% year-over-year to Rs 83 per square foot per month in the first six months of the current fiscal. This is due to growing building prices.

K Raheja Corp-backed Mindspace Business Parks REIT aims to create an 8 lakh-square-foot mixed-use building with commercial offices and a luxury hotel in its Airoli east business park in Mumbai.

Despite global economic uncertainty, the Indian office space market is expected to grow significantly between 2023 and 2025. According to CBRE, developers are confident about adding over 165 million sq. ft. of office space by 2025, exceeding the 142 million constructed in the preceding three years.

According to records acquired by Propstack, Wells Fargo International Solutions, a part of the US financial services major Wells Fargo, has extended its lease for more than 3.7 lakh square feet (sq ft) of commercial office space on 10 floors in Hyderabad for five years.

By the end of 2023 - Tata Realty and Infrastructure intends to release 5 msf of office space in Bengaluru, with an expenditure of Rs 4,000 crore. This would include two IT parks.

Google Connect Services India, a subsidiary of the U.S. Internet giant, has renewed its three-year lease on around 6 lakh square feet of office space in Hyderabad.

The Asset Under Management (AUM) value of the properties that Strata maintains is around 700+ crore. These properties are located in places like as Bengaluru, Hosur, Hyderabad, Mumbai, Chennai, and Jaipur.

Managed office space provider Smartworks has leased around 200,000 sq ft to five companies in its new flexible workspace centre in suburban Pune’s Baner area.

In one of the largest commercial deals in recent times, real estate firm Aparna Constructions has bought office buildings spread across 4.3 lakh sq ft for Rs 247.5 crore in Hyderabad, documents accessed by Propstack showed.