Browsing Tag

Mumbai office market

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India’s office sector delivered 37.9 million sq ft leasing in H1 2026 with a marginal 3.9% YoY decline. GCCs leased 15.8 mn sq ft and flex operators hit a record 10.23 mn sq ft as net absorption reached a decade-high of 26.9 mn sq ft, per JLL.

India Office Market Leases 37.9 Mn Sq Ft in H1 2026; GCCs on Track to Break Record

India’s office sector delivered 37.9 million sq ft leasing in H1 2026 with a marginal 3.9% YoY decline. GCCs leased 15.8 mn sq ft and flex operators hit a record 10.23 mn sq ft as net absorption reached a decade-high of 26.9 mn sq ft, per JLL.
India’s Global Capability Centres leased a record 31 million sq ft in 2025, transforming cities, creating jobs, and driving real estate demand as companies expand beyond metros into Tier-II markets.

GCCs Power India’s Office Market to an All-Time High in 2025 Despite Global Headwinds

Global Capability Centres powered India’s office market to a historic high in 2025, accounting for 45% of total leasing activity. With record absorption, falling vacancy rates, and rising demand across major cities, GCCs are set to dominate office growth well into 2026.
Mumbai’s first multi-billion-rupee real estate deal of 2026 sees a Chandivali office asset sell for ₹559.25 crore. The sellers — firms owned by Tusshar and Jitendra Kapoor — had earlier closed a ₹855 crore land sale within Balaji IT Park in 2025, signalling strong institutional demand for commercial assets.

2026’s First Multi-Billion Deal: Tusshar & Jitendra Kapoor Sell Mumbai Property for ₹559.25 Crore

Mumbai’s first multi-billion-rupee real estate deal of 2026 sees a Chandivali office asset sell for ₹559.25 crore. The sellers — firms owned by Tusshar and Jitendra Kapoor — had earlier closed a ₹855 crore land sale within Balaji IT Park in 2025, signalling strong institutional demand for commercial assets.
Mumbai strengthened its position as India’s largest residential market in 2025, while office leasing touched 9.8 million sq ft—the second-highest level in over a decade—driven by GCC expansion, firm pricing, and disciplined supply, according to Knight Frank.

Mumbai Solidifies Position as India’s Largest Residential Market in 2025; Office Leasing Hits Second-Highest Level in a Decade

Mumbai strengthened its position as India’s largest residential market in 2025, while office leasing touched 9.8 million sq ft—the second-highest level in over a decade—driven by GCC expansion, firm pricing, and disciplined supply, according to Knight Frank.
Mindspace REIT, Mumbai Real Estate, Commercial Property, Worli Offices, BKC Annex, Pune Offices, K Raheja Corp, Real Estate Investments, REIT India, Office Market India, Grade A Office Space

Mindspace REIT Acquires ₹2,916 Crore Trophy Office Assets in Mumbai and Pune from K Raheja Corp

Mindspace REIT, Mumbai Real Estate, Commercial Property, Worli Offices, BKC Annex, Pune Offices, K Raheja Corp, Real Estate Investments, REIT India, Office Market India, Grade A Office Space