Page 2 - Office Spaces

ICICI Securities initiates 'Buy' on WeWork India; projects 47% upside

ICICI Securities assigned a target price of ₹914 per share for WeWork India shares, a potential upside of 47 per cent from Thursday's close

Jaguar Land Rover expands Bengaluru office space with ₹106 cr, 5-year deal

Luxury car major's tech hub to widen GCC presence in India

ChatGPT parent OpenAI leases first 50-seater office space in New Delhi

OpenAI is planning to open its first office in India, as the country is its second-largest ChatGPT user base

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's top six cities record 26% rise in new office supply; Pune leads

India's top six cities witnessed a 26 per cent annual growth in new supply of office spaces during the September quarter to 16.1 million sq ft as developers look to encash strong demand of premium workspaces from global and domestic firms, according to Vestian. US-based real estate consultant Vestian data showed that the new supply of office space was the highest in Pune at 3.70 million sq ft during the July-September period, an increase of 164 per cent from the year-ago period. In Delhi-NCR, the new office supply increased 35 per cent to 3.10 million sq ft. The fresh supply of office space in Chennai jumped 320 per cent to 2.1 million sq ft, while the supply doubled in Mumbai to 1.80 million sq ft. However, Bengaluru, the biggest office market in India, witnessed a 6 per cent drop in new office supply to 3.40 million sq ft. In Hyderabad, too, the new supply fell 51 per cent to 2 million sq ft during July-September period of this calendar year. Interestingly, Kolkata, the seventh

Smartworks rents 815k sq ft office space in Mumbai from Hiranandani Group

Smartworks Coworking Spaces Ltd on Monday said it has taken 8.15 lakh sq ft of office space on rent in Mumbai from Hiranandani Group to establish the biggest managed workspace campus in the world. In a regulatory filing, the company informed that it has signed an agreement to lease over 8,15,000 sq ft at Vikhroli in a project developed by Regalia Office Parks Pvt Ltd, the commercial office division of the Niranjan Hiranandani Group. The facility will be operational in the last quarter of 2026 calendar year. Smartworks currently has six large office campuses pan-India with an area of over 5 lakh square feet each. "Our alliance with the Niranjan Hiranandani Group for 'Eastbridge' marks a major milestone in Smartworks' journey. "With this new centre set to become the largest managed campus globally, we continue to break our own records and set new benchmarks in the managed workspace segment," Neetish Sarda, Managing Director & Founder of Smartworks, said. He said the company ...

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

Coworking firms scale up, tapping demand for bespoke office solutions

Customised, personalised solutions enable cos to command premium versus standard rentals/leases

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

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

India's office realty set for record year, housing banks on festive lift

Knight Frank report says office leasing may hit 85 msf in 2025, while housing depends on festive demand to regain momentum after a mild sales moderation

Commercial real estate resilient in 2025 as housing sales slow down

Office and industrial leasing hit record highs in 9M 2025, led by GCCs and logistics demand, even as housing sales fall 20 per cent across top Indian cities

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

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

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 ...

India leads global flex office market, to cross 100 mn sq ft by 2026: C&W

India has topped the global flex office maturity index, with Cushman and Wakefield projecting stock to cross 100 mn sq ft by 2026 on strong demand and operator expansion

BlackRock Services India leases 1.4 lakh sq ft with IndiQube in Bengaluru

The lease is among the largest transactions in India's co-working space, underscoring the growing preference of global institutions for flexible office providers

Retail space demand in Delhi-NCR jumps 25% in Jan-Jun 2025, shows CBRE data

Leasing of retail spaces in shopping malls and high-streets across Delhi-NCR rose 25 per cent in the January-June period on better demand and higher new supply, according to CBRE. Real estate consultant CBRE data shows that the Delhi-NCR market saw leasing of 5 lakh sq ft retail spaces in January-June as compared to 4 lakh sq ft in the year-ago period. Fashion and apparel segment was a major driver of demand in January-June 2025 with 35 per cent of the share in the total leasing across Delhi-NCR. Homeware and departmental store took 30 per cent of the retail spaces. CBRE data pertains to leasing in investment-grade shopping malls, high streets and standalone developments. Fresh supply of retail spaces in shopping malls only stood at 3 lakh sq ft during the first half of 2025 as compared to zero new supply in the corresponding period of the preceding year. Commenting on the trend, Ankit Sharma, SVP-Leasing at Elan Group, said, "Retail is no longer just about transactions, it is ab

India's office market speeds up institutionalisation with more Reits ahead

India's office real estate is shifting from fragmented ownership to institutionalisation with rising Reit penetration, global investors, and growing demand from multinational occupiers

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