Maharashtra’s New GCC Push Set to Energise Office Leasing Beyond Mumbai & Pune

Maharashtra’s newly approved GCC policy targets the next wave of leasing expansion — redirecting global enterprises from Mumbai and Pune to emerging cities. With capital subsidies, added FSI, tax incentives and fast approvals, the state aims to lift GCC leasing from 15 to 25 million sq ft in five years while opening new opportunities in sectors like defense, aerospace and renewable energy.

India, Mainland China and Japan Drive 90% of Asia’s Office Leasing in H1 2025

According to a new report by Colliers, India, Mainland China, and Japan were the primary drivers of Asia’s office leasing demand in the first half of 2025, collectively accounting for more than 90% of the total leasing activity.

Institutional Real Estate Investments Surge to USD 1.3 Billion in Q1 2025, Marking 31% YoY Growth

Institutional real estate investments in India surged by 31% YoY to USD 1.3 billion in Q1 2025, driven by strong domestic inflows and significant growth in office, residential, and industrial segments. Mumbai led city-wise investments with an 841% increase.

India Leads Asia Pacific Office Market with 70% of Demand in Q3 2024, Driven by Flight to Quality

The Asia Pacific office market saw a 10.7% increase in demand in Q3 2024, driven by strong activity in India, New Zealand, and Singapore. India continues to dominate, accounting for over 70% of regional demand, as occupiers seek premium, ESG-compliant office spaces.

Office Demand Surges with 47 Million Square Feet Leased in First Nine Months of 2024

In Q3 2024, India’s office space demand soared to 17.3 million sq ft, marking a 31% increase year-on-year, bringing total leasing in the first nine months to 47 million sq ft. Bengaluru and Hyderabad drove this growth, with technology and BFSI sectors leading the charge. New supply also surged, reflecting strong developer confidence in the market.