Office

Top cities see lowest office vacancies in years amid business expansion

The growth was driven by strong leasing activity and robust net absorption, as companies expanded their workforce and office space in major cities

GlobalLogic to raise India workforce by 20%, opens office in Chennai

IT company GlobalLogic has plans to increase its headcount in India by 20 per cent this year, the company said on Thursday. As part of its expansion in the country, the company opened a new office in Chennai with a capacity to accommodate 500 professionals. The new office will serve as the centre for excellence for telecom, 5G and AI-first engineering, the company said in a statement. "India continues to be the cornerstone of our global innovation strategy. As we scale toward a 20,000-strong workforce in the country, Chennai will play a critical role in helping us deliver AI-first, cloud-native, and telecom-grade solutions at scale," Piyush Jha, Group Vice President and Managing Director, APAC, GlobalLogic said. With over 800 employees currently based in Chennai, GlobalLogic plans to increase this number by 20 per cent by the end of 2025, bringing the local headcount to over 1000, the statement said. "This growth contributes to the company's broader ambition of reaching a ...

NCW Prime Offices Fund buys Chennai office campus from Keppel for ₹2,550 cr

The acquisition highlights Chennai as a destination that is now attracting occupier interest

Unispace India eyes ₹350 cr revenue by FY26 on GCC-led expansion

Workspace design firm Unispace India expects Rs 350 crore revenue by FY26, driven by demand from global capability centres and plans to expand across Tier I and Tier II cities

Jet Airways to transfer Mumbai office lease to Parthos for ₹370 crore

Jet Airways, which is undergoing liquidation, on Wednesday said it has executed an agreement to transfer the lease of its office space in Mumbai to an entity for a little over Rs 370 crore. The proposed lease transfer, subject to approval from the Mumbai Metropolitan Region Development Authority (MMRDA), is being conducted under the provisions of the Insolvency and Bankruptcy Code (IBC) and Liquidation Regulations, according to a regulatory filing. After flying for 25 years, the once storied Jet Airways shuttered operations in April 2019, following financial headwinds and subsequently, lenders referred the ailing airline for resolution under the IBC. Under the insolvency resolution process, the winning bidder was unable to implement the resolution plan due to multiple issues, and after long-drawn legal proceedings, the Supreme Court, in November 2024, ordered the liquidation of the carrier. "The company has executed the deed of assignment and other related documents in order to ...

44% of employees say longer work hours hurt health, balance: Report

The report further revealed that there is a strong desire for transparency and inclusion in decision-making

IndiQube to expand into new cities, targets 30% revenue growth in FY26

The recent market debutant entered new markets like Kolkata and Mohali in the quarter ended June

Office gossip harming your peace? Here's how to protect your mental health

From subtle whispers to toxic chatter, workplace gossip can damage your mental health-experts share ways to set boundaries, stay calm, and reclaim your peace

Grade A office leasing up 11% in Q2 CY25, led by flex space demand: Report

Indian commercial real estate likely to have 'another impressive year' in 2025: Colliers

Office space demand rises 11% in April-June across top 7 cities: Colliers

Gross leasing of office space rose 11 per cent to 178 lakh sq ft across seven major cities during the April-June period on healthy demand from corporates despite global economic uncertainties, according to Colliers. The gross leasing stood at 161 lakh sq ft in the year-ago period across seven major cities. Real estate consultant Colliers India data showed that demand of workspace increased in six cities -- Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, and Pune. The leasing activities declined only in Mumbai, as per Colliers. The gross absorption or leasing does not include lease renewals, pre-commitments and deals where only a letter of Intent has been signed. "India's office market continues its upward trajectory in 2025, building on the momentum of past two years," said Arpit Mehrotra, Managing Director, Office Services, India, Colliers. Backed by diversifying occupier base, a steady supply pipeline and growing investor appetite, he said the calendar year 2025 is shaping u

WeWork India expands footprint in Pune & Chennai, adds over 200K sq ft

WeWork India has secured its third location in Chennai since entering the market just over a year ago

Sumadhura launches Workship, targets 10,000 flex seats in 3 years

Sumadhura Group debuts in the managed office market with Workship in Bengaluru, plans to expand across India with over 10,000 seats and 1 million sq ft by 2027

Desk job, bad back? Here's how office posture is wrecking your spine

From aching necks to disrupted digestion, poor posture is silently impacting office-goers in more ways than one. Here's what doctors say you need to know

Can the '2 per 20' rule really help stabilise blood sugar without exercise?

Research shows that light walking for 2 minutes after every 20 minutes of sitting may significantly lower post-meal blood sugar levels

India office rentals head north even as global markets face headwinds: Rpt

Research by Vestian showed that 2024 recorded the highest-ever leasing activity of 70.7 mn sq ft, marking an annual increase of 16%

Office supply down 1% across top 7 cities despite rise in demand: Colliers

New supply of office space declined 1 per cent in the January-March period to 99 lakh sq ft across seven major cities despite high demand, according to Colliers India. The new supply of office space stood at 100 lakh (10 million) sq ft in the year-ago period. As per the data, the new supply in Bengaluru declined 16 per cent in January-March to 37 lakh sq ft from 44 lakh sq ft in the year-ago period. Chennai saw a decline of 33 per cent to 2 lakh sq ft from 3 lakh sq ft. Delhi-NCR saw a more than five-fold jump in new supply to 27 lakh sq ft from 5 lakh sq ft. Hyderabad witnessed a 88 per cent decline in new supply to 3 lakh sq ft from 26 lakh sq ft. In Kolkata, new office supply dipped 50 per cent to 1 lakh sq ft from 2 lakh sq ft. New supply of office space in Mumbai declined 60 per cent to 4 lakh sq ft from 10 lakh sq ft. In Pune, the new supply of office space jumped 2.5 times to 25 lakh sq ft in January-March this year from 10 lakh sq ft in the corresponding period of the .

Absorption of real estate space by GCCs crosses pre-pandemic level

GCCs have leased or committed to take about 27.7 million square feet (sq ft) of Grade-A commercial real estate in 2024 and 24.1 million sq ft in 2023

'8-8-8' rule is utopian; harmony needed between work and life: Neerja Birla

The '8-8-8' rule of equally splitting time between work, sleep and leisure for eight hours on each in a day is "utopian" and is next to impossible to practice, philanthropist Neerja Birla has said. Birla, the wife of billionaire Kumar Mangalam Birla and also a mental health champion, has advocated that we need to focus on harmonising work and life in a balanced way. "...getting the work-life balance, exact 8-8-8 hours, is next to impossible. So, that is a utopian concept. But how we bring about harmony in that (is important)," Birla told PTI Videos in an interview on Wednesday. The remarks came amid a raging debate triggered by comments from a few C-suite executives or founders, calling employees to put in up to 90 hours of work per week and prioritise work over family commitments on weekends. Some executives have spoken in support of shorter work-days while others are pushing to gauge it by the output rather than hours put in. "...what we really need to work on is having harmony i

New office supply hits all-time high in 2024 across 7 major cities: Vestian

The report underscored the challenges facing India's office market in 2024, attributing them to global macroeconomic uncertainty, escalating geopolitical tensions, and persistent inflation

70, 90, 120 and counting: The evolving debate on ideal work hours

Leading voices from the world of business have expressed their opinions on how many hours people should work, but the debate over the work week remains complicated