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.

SUGAR Cosmetics Acquires 14,000 Sq. Ft. Office Space in Mumbai

SUGAR Cosmetics has secured a 14,000 sq. ft. office space at Enzyme Office Spaces in Andheri East, Mumbai. The facility, designed for 300 workstations, marks a strategic expansion for the company amid India’s booming co-working sector.

India’s Flexible Workspace Sector Hits Record 12.4 Million Sq. Ft. Leasing in 2024

India’s flexible workspace sector achieved a record gross leasing volume of 12.4 million sq. ft. in 2024, marking a 57.5% year-on-year growth. Bengaluru led with the highest leasing volume, while Mumbai saw a threefold increase. The demand surge is driven by evolving business needs, hybrid work models, and rising enterprise adoption of managed office solutions.

Business Confidence Rises as Demand Grows and Interest Rates Decline: Colliers APAC Cap Rate Report Q4 2024

Colliers’ Q4 2024 APAC Cap Rates report highlights rising business confidence, strong commercial uptake in Mumbai and Bengaluru, and stable capital rates despite increased supply.

India’s Office Market Poised for Strong Growth in 2025, Led by Engineering, BFSI, and Flex Spaces

Office leasing in India is projected to reach 65-70 million sq ft in 2025, led by engineering, BFSI, and flex spaces. Bengaluru will remain the top market, with over 20 million sq ft of demand, followed by Hyderabad and Delhi-NCR at 10-15 million sq ft each. The expansion of Global Capability Centers (GCCs) and a shift towards sustainable office spaces will further drive growth.