Office Leasing in Q1 2025 Rises 15% YoY to 15.9 Million Square Feet Across Top 7 Cities

India’s office leasing market kicked off 2025 on a strong note, recording a 15% year-on-year increase in Q1, with 15.9 million sq. ft. of space absorbed across the top seven cities. Bengaluru and Delhi NCR led the charge, driving nearly half of the total leasing activity. Meanwhile, flex spaces gained momentum, accounting for 14% of total Grade A office space uptake. With demand outpacing supply, office rentals surged by 8% annually, while vacancy levels dropped by 120 basis points, reflecting the continued resilience of the commercial real estate sector.

Embassy Group Unveils India’s First Integrated GCC Platform – ‘EMBARK’

Embassy Group has unveiled Embark, India’s first fully integrated platform designed to streamline the setup and scaling of Global Capability Centers (GCCs). As a one-stop execution partner, Embark offers comprehensive solutions for strategy, compliance, infrastructure, talent acquisition, and long-term success, redefining how global businesses enter and thrive in India.

BFSI sector breaks previous records to lease 13.4 million sq. ft in 2024, amid the best year for office demand in the country

India’s Banking, Financial Services, and Insurance (BFSI) sector reached a historic milestone in 2024, leasing 13.4 million square feet of office space—the highest in a single year. A new report from JLL highlights the sector’s rapid growth, driven by both domestic and global firms, particularly in key financial hubs like Mumbai, Bengaluru, and Delhi NCR. As fintech innovation and digital financial inclusion rise, BFSI is set to play an even bigger role in India’s commercial real estate landscape.

India Leads APAC Real Estate Investments with 88% Growth in H2 2024

India’s real estate sector recorded an 88% year-on-year increase in investments during H2 2024, reaching $3.0 billion. The office sector led with a 47% share, while industrial and logistics accounted for 27%. Mumbai saw the highest inflows, driven by office asset acquisitions. Institutional investments, especially from foreign investors, made up 57% of the total. With economic stability and easing monetary policies, experts anticipate continued growth in 2025, with renewed interest in retail, hospitality, and alternative asset classes.

Sattva Group and Blackstone File Draft Offer Document for India’s Largest REIT IPO

Sattva Group and Blackstone have taken a significant step towards launching India’s largest REIT IPO with Knowledge Realty Trust (KRT). With a high-quality portfolio spanning 48 million sq. ft. across six cities, KRT is set to be India’s most geographically diverse office REIT. The IPO will mark Blackstone’s fifth public listing in India’s real estate sector, highlighting continued confidence in the country’s commercial property market.