Office Space

Knowledge Realty Trust to invest ₹700 cr to build office space in Bengaluru

Realty firm Knowledge Realty Trust (KRT) will invest Rs 700 crore over the next three years to develop 1.4 lakh sq ft of office space in Bengaluru as part of its expansion plan, a top company official said. KRT is a real estate investment trust (REIT), sponsored by realtor Sattva Group and investment firm Blackstone. In an interview with PTI, KRT Chief Executive Officer (CEO) Shirish Godbole said the company is looking for the acquisition of prime office assets to grow business organically. He highlighted that the company performed well during the last fiscal, and it is expecting to continue the growth momentum during 2026-27 on all important metrics such as Net Operating Income (NOI) and distribution to unitholders. Godbole noted that the demand for office space remains strong, primarily driven by foreign companies that want to set up Global Capability Centres (GCCs). He asserted that the company's portfolio is AI (artificial intelligence) resilient, with bulk of its workspaces .

India's flexible workspace market may expand up to 18% due to GCCs: Crisil

India's flexible workspace market is projected to expand sharply over the next two fiscals, driven by rising demand from GCCs, corporates and start-ups, with credit profiles expected to remain stable

Aristo Pharmaceuticals buys office space for ₹111 crore in Andheri West

Pharma firm acquires office units in Parinee I building as Mumbai office market sees rising absorption, lower vacancies, and steady growth in rentals

Foreign firms lease record 9.1 mn sq ft office space for GCCs in Q1: CBRE

Foreign firms leased a record 9.1 million sq ft office space last quarter across India's top 9 cities to set up Global Capability Centres (GCCs), according to CBRE. Real estate consultant CBRE on Monday released its office market data for January-March period, which showed that the office space demand remained strong driven by leasing of workspaces for establishment of GCCs. As per the data, the total gross leasing of office spaces rose 5 per cent across top 9 cities to 20.7 million square feet in January-March from 19.7 million square feet in the year-ago period. The nine cities are -- Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune, Kolkata, Ahmedabad and Kochi. The leasing of space for GCCs stood at record 9.1 million sq ft in the January-March period, the highest in any quarter. "The record GCC leasing activity is a definitive signal of India's position as the global destination of choice for high-complexity capability functions," said Anshuman Magazine, Chairman & CEO,

Tier-II cities to be next frontier for office leasing as demand grows

Leasing activity nearly doubles in FY25 as firms expand beyond metros to cut costs and tap talent, even as supply constraints persist in smaller markets

IndiQube signs ₹54 crore Pune deal for 1,140 seats with GCC client

IndiQube Spaces signs a Rs 54 crore, five-year deal for 1,140 seats in Pune, highlighting growing demand from global capability centres for flexible workspaces in India

Singapore-based flex space provider Just Co enters Indian market

Gurugram and Bengaluru among first centres as Singapore-based firm launches super-premium workspaces under The Collective brand

BofA subsidiary leases office space in Powai for monthly rent of ₹1.43 cr

According to the lease-related documents accessed via CRE Matrix, a real estate data analytics firm, BA Continuum India has leased the space for 10 years and nine months

Net office leasing rises 25% to 61.4 mn sq ft in top 8 cities: Report

Net leasing of office spaces rose 25 per cent last year to a record 61.4 million sq ft across eight major cities on strong demand from domestic and overseas companies, according to Cushman & Wakefield. Net leasing of office spaces stood at 49.1 million sq ft during 2024 in these eight cities. Net absorption or leasing represents the net change in office space occupied during the year. Real estate consultant Cushman & Wakefield on Monday released the data, showing that net office leasing rose in Bengaluru, Hyderabad, Pune, Delhi-NCR, and Chennai but declined in Mumbai, Kolkata, and Ahmedabad. "The last year's performance reflects more than record numbers, it signals a long-term growth trajectory anchored in strong fundamentals," said Anshul Jain, Chief Executive, India, SEA, MEA & APAC Office and Retail, Cushman & Wakefield. He projected that the office demand would remain strong during 2026, driven by expansion of global capability centres (GCCs) in India and rising ...

Net office leasing in top Indian cities hits record 55 msf in 2025: Report

Despite headwinds such as information technology (IT) layoffs and global tariff tensions, office leasing is expected to grow 10 per cent year-on-year (Y-o-Y) from 49.95 msf in 2024

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