Office Space

Embassy REIT signs deal to acquire Bengaluru office space for ₹852 crore

Embassy Office Parks REIT will buy a fully leased 0.3 million sq ft office asset at Embassy GolfLinks, Bengaluru, for Rs 852 crore. The deal is seen as accretive to DPU and NOI

Coworking moves beyond offices into hospitality and retail across India

Minimalist Hotels and Bloom Hotels have adapted hotel spaces into flexible work zones

Dream Sports' parent firm leases 169,000 sq ft office space in Worli

The transaction has a lock-in period of 36 months. The company has also paid a common area maintenance (CAM) deposit of Rs 1.26 crore

Bernhard Schulte's India arm buys Mumbai office space for ₹304 crore

BSM, which currently operates from Powai, manages a diverse fleet of vessels including bulk carriers, container ships, and tankers

India flexes to top of APAC's flex office league as GCC demand surges

Mid-tier global firms setting up GCCs for first time power the surge in flexible workspace demand

Developers' housing focus deepens office space shortage: Knight Frank

Knight Frank-CII report says India's top developers are prioritising residential projects over office spaces due to higher margins and quicker returns, causing supply imbalances

Office rentals in top cities surge 6% in 9M 2025, vacancy dips 3%: Anarock

Average office rentals in India's top cities rose to nearly ₹90 per sq ft in 2025, while vacancy fell to 16.2% amid rising absorption and steady demand, says Anarock Research

Mumbai leads home sales in Q3, sees 11% rise in office rents: Knight Frank

Knight Frank India says Mumbai recorded top residential sales in Q3 2025, while office rents rose 11 per cent even as transaction volumes fell sharply year-on-year

Crisil leases office space in Mumbai, to pay ₹597 crore over 15 years

Crisil has leased floors 10 to 15 in the property and will pay a monthly rent of ₹2.35 crore, translating to Rs 94 per square foot per month

Coworking firms bet big on GCC demand with specialised, premium centres

Segment becoming super lucrative with rentals looking up by 40-45% vs flagship spaces

Office space leasing to fall 1% in July-Sept across top 7 cities: Report

Office space leasing is estimated to fall 1 per cent during July-September to 172 lakh square feet across seven major cities, mainly on lower demand in Bengaluru, Hyderabad and Delhi-NCR, according to Colliers India. The gross leasing of office space stood at 174 lakh (17.4 million) sq ft in the year-ago period. Gross absorption does not include lease renewals, pre-commitments and deals where only a Letter of Intent has been signed. According to the data, the gross office space leasing in Bengaluru is set to fall 25 per cent to 47 lakh (4.7 million) sq ft in the third quarter of this year from 63 lakh (6.3 million) sq ft in the year-ago period. In Delhi-NCR, the office leasing is projected to decline to 16 lakh (1.6 million) from 24 lakh (2.4 million) sq ft. Hyderabad too is likely to witness a fall of 48 per cent in workspace demand to 15 lakh (1.5 million) sq ft from 29 lakh (2.9 million) sq ft. Colliers India did not provide the reasons for likely decline in office leasing ...

BNP Paribas leases 1.45 lakh sq ft office space in Thane for ₹95 lakh

BNP Paribas has leased 1.45 lakh sq ft at Hiranandani Centaurus in Thane West for Rs 94.95 lakh monthly rent as BFSI sector demand drives office leasing growth in India

Navi Mumbai to emerge as MMR's next prime office destination: Report

Cushman & Wakefield report highlights Navi Mumbai's cost advantage, 87 per cent office occupancy, and new infra projects including the upcoming international airport by 2025

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

India to become fourth-largest office-space market globally: Knight Frank

This area is set to double to 2 billion sq ft during 2036-2041. The market offers a unique cost advantage, with average rents declining to $0.96/sq ft a month in 2025

Green-certified office spaces surge 65% in top 7 cities since 2019: Report

Green-certified office spaces have surged 65% across Bengaluru, Mumbai, Delhi-NCR, and other top cities. Bengaluru leads with 73% of its office space now certified for sustainability

MNCs prefer institutional office assets for setting up GCCs in India: C&W

Multi-national companies are preferring office space owned by REIT landlords for setting up their Global Capability Centers (GCCs) in India, according to Cushman & Wakefield. Property consultant Cushman & Wakefield in its report 'Asia REIT Market Insight 2024-25' highlighted that the three listed office REITs have delivered more than 15 per cent of capital appreciation in the last 12 months ended June. There are three office REITs in India -- Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT -- while the Nexus Select Trust is backed by retail real estate. As of June 2025, the Indian REIT market, comprising all four REITs, had an operational portfolio size of more than 105 million sq ft. "By the end of the calendar year 2025, a fourth office REIT is expected to make its listing debut on the bourse," the report said. Bengaluru-based Sattva Group and Blackstone-backed Knowledge Realty Trust (KRT) have already filed Draft Red Herring ...

Gross office space leasing soars 5% in Q2 of 2025: Cushman & Wakefield

With total leasing in the first half of the year at approximately 42 million square feet, the sector is on pace to exceed 90 million square feet in annual activity, potentially setting a new record

Urban Vault to invest ₹100 crore in FY26 to expand co-working footprint

The company adds over 700 desks in Gurgaon and plans to close FY26 with an annual run rate of ₹250 crore, with further expansion across Noida, Pune and Bengaluru

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