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.

Japan’s Sumitomo Corporation Group has made a major move in Mumbai’s real estate market by acquiring a nearly 2-acre prime land parcel in Worli from the Wadia Group’s Bombay Dyeing & Manufacturing Company for ₹440 crore. This deal further solidifies Sumitomo’s presence Indian real estate.

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

Flexible workspace provider Smartworks has expanded internationally by leasing 35,000 square feet of office space in Singapore. Smartworks is one of the first Indian flexible workspace companies to operate abroad.

Volkswagen Group Technology Solutions India has leased a three-story commercial tower in Hinjewadi, Pune, for over five years. In the Embassy Tech Zone of the Rajiv Gandhi InfoTech Park in the second phase of Hinjewadi development, this new office occupies over 123,000 sq ft in the Hudson Block.

First Bank Leases Goregaon Premium Office Space Mumbai: IDFC First Bank has leased an office space at Göegaon's Oberoi Commerz III tower spread across 4 floors. Under the five-year leasing arrangement, the bank would pay ₹170 crore in rent.

Ixora Properties, Kalpataru's affiliate, sold ICICI Prudential Asset Management Company a Santacruz commercial skyscraper for about INR 315 crore. The asset management firm will move inside Kalpataru Infinia's new facility.

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.

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.

According to a report by the Confederation of Indian Industry (CII) and Knight Frank, Global Capability Centres (GCCs), flexible and co-working spaces, and the IT sector will drive office space demand in India to 1.7 billion square feet by 2030.

Due to decarbonisation ambitions, more Indian enterprises are prioritising eco-friendly commercial real estate. Green office space demand is outpacing supply in India's key property markets, signalling a new age of corporate environmental conscience.

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.

PropShare, India's biggest commercial real estate digital platform, aims to grow its Asset Under Management (AUM) to over Rs 1,000 crore in storage assets. The warehouse market's current growth, reminiscent of the early 2000s office space bubble, prompts the business to buy assets across India.

91Squarefeet, a dynamic commercial fit-out company recognized for its innovative approach and backed by prominent investors such as Y Combinator and Stellaris Venture Partners, has announced a bold vision for the future.

Apple Inc.'s newest location in Bengaluru, India's innovation hub, has greatly increased its footprint in the nation. This shows the U.S. company's increasing commitment to India, the second-largest smartphone market, and its diversification outside China.