Browsing Tag

office space India

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India’s office market shattered records in 2025 with 83.3 million sq ft of leasing, led by GCCs and flex spaces, as vacancy dropped to a five-year low, says JLL.

Commercial Office REIT Leasable Area to Surge 25–30% to 195 msf by Fiscal 2028

India’s listed commercial office REITs are set to add 40–45 msf to reach 190–195 msf by fiscal 2028, backed by strong GCC demand and stable 92–93% occupancy.
Real estate enthusiasts, take note! India’s 9 emerging cities, boasting a combined INR 9.9 trillion GDP and 70 million sq. ft. of office space, are the new hotspots to watch beyond metros, according to a latest JLL report.

Interested in Real Estate? Keep an Eye on India’s 9 Emerging Cities Beyond the Metros!

Real estate enthusiasts, take note! India’s 9 emerging cities, boasting a combined INR 9.9 trillion GDP and 70 million sq. ft. of office space, are the new hotspots to watch beyond metros, according to a latest JLL report.
Global Capability Centres are set to become the biggest force in India’s office market, potentially accounting for half of total demand as multinational firms expand operations amid trade agreements and strong economic growth.

Sattva Group and Innovalus Launch GCCBase to Power India’s Next Phase of Global Capability Centre Growth

Sattva Group and Innovalus launch GCCBase — an end-to-end platform helping multinationals set up and scale Global Capability Centres across India. The initiative aims to institutionalize India’s next phase of GCC growth through governance, technology, and infrastructure integration.
India’s flex workspace stock across the top seven cities is expected to cross 100 million sq ft by 2027, with penetration rising to 10.5%, driven by strong enterprise demand, GCC expansion, and rapid growth in Bengaluru, Pune, and Chennai.

India Defies Global Office Rental Slump, Posts Record Growth in Leasing

Despite a global slump in office rentals, India’s commercial real estate market recorded historic growth in 2024, with 70.7 million sq ft leased—its highest ever. Cities like Bengaluru, Hyderabad, and Pune posted double-digit rental growth, driven by robust demand from IT and Global Capability Centers (GCCs), positioning India as a standout performer in the global office space landscape.