Page 2 - Office Spaces

Godrej Seeds and Genetics buys office space for ₹365 cr in Vikhroli

Godrej Seeds and Genetics acquires over 70,000 sq ft office space in Mumbai's Vikhroli through three transactions, reflecting sustained demand in India's office market

India's flex office stock crosses 100 mn sq ft, triples since 2020: CBRE

Flexible office stock in India has surged past 100 million sq ft, tripling since 2020, driven by enterprise adoption, GCC expansion, and strong investor interest

India's 17 towns host 575 co-working centres amid rising demand: Study

Co-working operators are expanding their business in tier II cities to meet demand of managed office spaces from corporates, as more than 575 centres, comprising nearly 9 million sq ft area, have been set up across 17 small towns, according to Vestian. US-based real estate consultant Vestian has come out with a report 'Flex Spaces Reshaping Tier II Office Markets', which suggests that India's 17 major tier II cities house more than 575 co-working or flexible workspace centres, representing nearly 29 per cent of the total such facilities across India. In terms of area, these 17 towns have over 8.8 million sq ft of flexible workspace stock, accounting for over 9 per cent of the pan-India flex stock. The average size of the co-working centre is 64 per cent smaller than that of Tier-1 cities. Co-working operators generally take on lease office space from real estate developers and property owners to set up their centres and then sub-lease workspaces to corporates of all sizes. These ..

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

Pre-construction, built-to-suit projects gain momentum in office leasing

Large integrated campuses developed by leading players such as DLF, Brookfield, Embassy, Bagmane, K. Raheja Corp, and Sattva are operating at near-full occupancy

IndiQube Spaces targets 30-35% growth in FY26, eyes 85% occupancy

Managed workspace operator IndiQube guides for 30-35% revenue growth in FY26, plans up to 2 million sq ft annual addition, and aims to sustain 80-85% occupancy

IBM signs 10-year lease for 230,000 sq ft office space in Gurugram

US technology major leases space at Tata Realty's Intellion Park as demand for offices in tier-I cities stays strong and absorption continues to outpace new supply

Smartworks eyes 35% annual revenue growth by FY30, plans new-city entry

Coworking firm Smartworks plans 30-35% annual growth over the next few years, driven by capacity additions, enterprise demand and expansion into new Tier I markets

JP Morgan's India arm leases 2.7 lakh sq ft in Powai for ₹612 crore

JP Morgan India leases 2.7 lakh sq ft in Powai for ₹612 crore over five years, opting for a premium managed office space operated by Cowrks

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

Swiss co-working major IWG to double India portfolio by 2027: Descrozaille

India to be among the firm's top three global markets in 3-4 years

Noida's office market sees 18% rise in avg office rent in last 6 years: C&W

Noida's office market has seen an 18 per cent increase in rentals during the last six years, with the city gradually emerging as an important location for corporates to set up their bases, according to Cushman & Wakefield. Prime locations at Noida in Uttar Pradesh, however, saw an increase of 29 per cent in office rentals. Real estate consultant Cushman & Wakefield has released a report, 'Noida-Runway for Growth, ' that captures the city's rapid transformation into a premier economic and real estate destination. As per the report, Noida has a total office stock of 43.4 million square feet, including 26.6 million sq ft of Grade A+ (top quality) assets as of September 2025. "Noida's office rental market from 2019 to 2025 showcases broad-based growth, driven by strong demand, major infrastructure upgrades and the city's emergence as a favoured corporate destination," the report said. The average office rentals currently stand at Rs 70-72 per sq ft a month, an increase of 18.3 per

IndoSpace Core acquires six logistics parks across India for ₹3,000 cr

CPP Investments and IndoSpace joint venture IndoSpace Core on Tuesday announced the acquisition of six industrial and logistics parks valued at Rs 3,000 crore (471 million Canadian dollars). The six parks, located across key logistics markets, including Bengaluru, Chennai, Delhi, Mumbai, and Pune, collectively span 380 acres with a leasable area of around 9 million sq ft feet, the company said. Set up in 2017 to acquire and develop logistics facilities across India, IndoSpace Core is co-owned by supply chain infrastructure platform IndoSpace and Canada Pension Plan Investment Board (CPP Investments), which holds a 93 per cent stake in the JV (joint venture). CPP Investments will commit Rs 1,400 crore (217 million Canadian dollars) to fund the acquisition, it said. The latest acquisition strengthens the JV's position as India's largest operator of stabilised industrial and logistics real estate, the company said. "India's logistics sector continues to benefit from strong structural

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