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Embassy Office REIT Raises FY25 Leasing Targets Amid Strong Corporate Demand

Embassy Office Parks REIT, India's first listed REIT and Asia's biggest office REIT by area, increased its fiscal 2025 leasing objective to 6.5 million square feet from 5.6 million. This adjustment shows that corporate occupiers, notably GCCs, continue to seek premium office locations.

By Admin

  • 27th Oct 2024
  • 1155 Views
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
  • 1178 Views
Sumitomo Acquires Prime 2 Acre Worli Land from Bombay Dyeing for INR 440 Crore Strengthening Its Presence in Indian Real Estate

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.

By Admin

  • 11th Sep 2024
  • 1205 Views
India SM REITs - A Peek Into This Shining Market Set to Hit USD 60 Billion by 2026

Over 350 million square feet of developed commercial office space will propel India's SM REITs market to $60 billion by 2026. This regulation increases openness, investor protection, and engagement. Union Budget tax revisions and SEBI framework boost real estate securitisation.

By Admin

  • 8th Sep 2024
  • 1161 Views
Deloitte India Leases 81000 Sq Ft in Oberoi Commerz 3 at Goregaon East at INR 2 Crore Monthly Lease

Deloitte India has secured over 81,000 sq ft of luxury office space on two floors of the Oberoi Commerz III skyscraper in Goregaon, Mumbai's busy western district. This strategic move is part of the company's long-term expansion strategy, with a five-year lease beginning November 1, 2024.

By Admin

  • 8th Sep 2024
  • 1236 Views
Flex Space Demand in India Set to Reach Unprecedented Heights in 2024

Company demand for flexible workspaces will peak in 2024. In the first half of 2023, 106,554 seats have been rented, compared to 155,000 for the year. Leasing is growing rapidly due to economic development, changing work dynamics, and the necessity for cost management.

By Admin

  • 3rd Sep 2024
  • 1187 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
  • 1191 Views
WeWork India Expands Aggressively in Delhi-NCR with Major Leases

WeWork India is reportedly in discussions to lease over 400,000 sq ft of office space across three significant properties in Delhi and Gurugram. This move is seen as part of their aggressive expansion strategy in the Delhi-NCR region, according to sources familiar with the situation.

By Admin

  • 31st Aug 2024
  • 1200 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
  • 1222 Views
Table Space Secures USD 100 Million for Major Asset Acquisitions in Key Urban Centers

Table Space, a managed workspace provider, will spend $100 million (₹840 crore) in office assets, include a ₹450 crore agreement with Panchshil Realty for 900,000 square feet of space in Pune. Table Space will make many acquisitions to extend its presence in India's main cities.

By Admin

  • 21st Aug 2024
  • 1212 Views
Smartworks Enters International Market with 35,000 sq ft Lease in Singapore

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.

By Admin

  • 21st Aug 2024
  • 1182 Views
Volkswagen Tech Arm Leases Office Space of Around 1,23,000 in Hudson Block, Pune

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.

By Admin

  • 19th Aug 2024
  • 1185 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
  • 1220 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
  • 1222 Views
IDFC First Bank Leases Prime Office Space in Oberoi Commerz III, Goregaon East, Mumbai

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.

By Admin

  • 7th Aug 2024
  • 1222 Views
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