Strategic Bet on a High-Growth Micro-Market

The site lies within an established Thane micro-market known for strong social infrastructure and connectivity. The upcoming development will be primarily residential and designed as an integrated township-style project, leveraging the scale of the land parcel.

The location is expected to benefit significantly from major infrastructure projects, including:

• The Thane–Wadala Metro line
• The proposed Thane–Borivali twin-tube tunnel
• The Thane Coastal Road
• The Mumbai–Ahmedabad high-speed rail corridor (planned Thane station)

These infrastructure upgrades are projected to reduce commute times and improve access to business hubs across the Mumbai Metropolitan Region, boosting property demand and livability.

Thane’s Rising Appeal Among Homebuyers

Thane has steadily transformed from a peripheral suburb into a self-sufficient residential hub, supported by:

• Established residential communities
• Reputed schools and hospitals
• Retail malls and entertainment zones
• Expanding employment catchments

This combination of infrastructure, lifestyle amenities, and connectivity has made the city a preferred destination for both end-users and investors seeking value compared to central Mumbai.

Company’s Growth Strategy Focused on Key Corridors

According to Gaurav Pandey, Managing Director & CEO of Godrej Properties, expanding in high-potential micro-markets is central to the company’s long-term strategy. He emphasized that Thane’s mix of open spaces, urban amenities, and connectivity makes it one of the most attractive real estate destinations in the region.

This marks the developer’s fourth project in Thane, reinforcing its commitment to scaling presence in high-demand corridors across India’s major cities.

Why This Project Matters for the Market

Industry observers say projects of this size often act as catalysts for local real estate ecosystems. Large integrated developments can:

• Set new pricing benchmarks
• Attract retail and commercial investments
• Improve infrastructure demand
• Increase land valuations in surrounding areas

Given the project’s scale and timing, it could play a key role in shaping Thane’s next phase of urban growth.

Also Read: Godrej Properties Acquires 8.5-Acre Land Parcel in Mahalunge, Pune for ₹2,000-Crore Housing Project

The post Godrej Properties Bets Big on Thane: ₹7,500 Cr Mega Housing Project Announced appeared first on Square Feat India.

The report highlights that multinational corporations—especially from the United States, Europe, and the United Kingdom—are increasingly using India not just as a cost-efficient outsourcing hub but as a strategic base for innovation, research, and advanced operations. This structural shift is expected to significantly boost leasing activity across India’s top seven office markets: Bengaluru, Mumbai, Delhi-NCR, Hyderabad, Chennai, Pune, and Kolkata.

Strong Economic Tailwinds Supporting Growth

India’s macroeconomic outlook is reinforcing investor confidence. The International Monetary Fund recently revised the country’s 2026 GDP growth forecast upward from 6.1% to 6.3%, while projecting 6.5% growth for 2027. Analysts attribute this to robust domestic demand and progress on bilateral trade agreements with key economies such as the US, EU, UK, and France.

These agreements—covering tariff reductions, improved market access, and sector-specific policy easing—are expected to strengthen India’s export competitiveness and encourage foreign companies to scale up their operations locally. Sectors expected to benefit the most include:

• Technology & digital services
• Banking, Financial Services and Insurance (BFSI)
• Engineering & manufacturing
• Consulting and professional services

GCC Leasing on Track to Hit 40 Million Sq Ft Annually

According to Arpit Mehrotra, Managing Director, Office Services at Colliers India, GCC leasing could soon reach 35–40 million sq ft annually, accounting for 40–50% of total office demand.

Since 2020, GCCs have leased about 117 million sq ft, or roughly 38% of India’s total Grade A office absorption. Their annual uptake has nearly doubled—from about 16 million sq ft in 2020 to nearly 30 million sq ft in 2025—reflecting sustained expansion.

US-headquartered firms have dominated activity, contributing nearly 70% of GCC leasing since 2020. However, this dominance is expected to moderate as European and British firms expand their presence.

Distinct Regional Demand Patterns Emerging

The report identifies differing sector preferences among GCC investors:

• US companies: Technology-led demand (47%), followed by BFSI (21%)
• EU companies: Strongly anchored in engineering & manufacturing (~60%)
• UK companies: More diversified, led by BFSI (29%) and consulting (23%)

These trends indicate a broadening occupier mix, reducing reliance on a single sector and strengthening market resilience.

Trade Deals to Accelerate Office Expansion

Tariff reductions and market access provisions under proposed trade agreements are expected to spur corporate expansion. Examples cited include:

• Potential elimination of tariffs on US industrial goods
• EU tariff cuts on machinery, steel, chemicals, and pharmaceuticals
• Reduced auto duties under quota systems for multiple partners

Such measures could make India more attractive as both a manufacturing base and services hub, prompting multinational firms to establish or enlarge capability centres.

From Back Offices to Innovation Hubs

“GCCs will continue to anchor India’s office demand and support diversification of occupiers,” said Vimal Nadar, National Director and Head of Research at Colliers India. He added that while technology will remain a key driver, BFSI and engineering firms could together account for 40–50% of leasing demand in 2026.

This transformation reflects a broader shift: GCCs are no longer transactional support units but high-value hubs handling product development, AI, analytics, and engineering functions. India’s deep talent pool and cost advantages continue to reinforce its appeal as a global operations base.

Also Read: South India’s Data Centre Market to Witness 65% Capacity Growth by 2030

The post GCC Boom Set to Power India’s Office Market: Global Firms May Drive Up to 50% Demand Surge appeared first on Square Feat India.

The report shows that total residential sales in 2025 remained largely stable at 3,48,247 units, reflecting only a 1% year-on-year decline, indicating underlying market resilience despite segment-wise divergence.

However, the most striking trend is the sharp contraction in the affordable segment. Homes priced below ₹50 lakh saw sales fall 17% YoY, while new launches in this category plunged 28%, signaling developers’ growing reluctance to invest in low-margin projects.

Premiumisation of India’s Housing Market

Homes priced above ₹1 crore have now become the dominant segment, accounting for 50% of total annual sales. Sales in this category rose 14% YoY, highlighting strong demand among affluent buyers and investors.

Even the mid-range segment priced between ₹50 lakh and ₹1 crore witnessed an 8% YoY decline, suggesting that demand is increasingly concentrating in higher price brackets.

According to Shishir Baijal, Chairman and Managing Director of Knight Frank India:

“The overall residential market continues to exhibit underlying resilience… However, the affordable housing segment faces pronounced pressures, with demand declining 17% YoY and supply contracting more sharply by 28% YoY.”

He added that developers are reallocating capital toward premium housing, which is now shaping the current housing cycle.

City-wise Sales Performance (2025)

The data shows regional divergence. Hyderabad led growth with a 12% increase, while Delhi-NCR experienced the steepest drop, falling 9% overall and 25% in affordable housing sales.

Supply Crunch in Affordable Housing

The slowdown is not just demand-driven. Supply is shrinking faster than sales:

• New launches under ₹50 lakh: −28% YoY
• Launches in ₹50 lakh–₹1 crore: −9% YoY
• Unsold inventory under ₹50 lakh: −7% YoY

This suggests that developers are intentionally scaling back supply in lower price segments rather than facing excess unsold stock.

Inventory & Absorption Trends

Premium segments are witnessing faster absorption despite higher prices. For example:

• ₹2–5 crore homes: QTS (quarters to sell) 3.9
• ₹50 lakh–₹1 crore homes: QTS 5.3
• Ultra-luxury ₹20+ crore homes: QTS 15.8

Lower QTS means faster sales, indicating stronger buyer appetite in higher segments.

Structural Shift, Not Temporary Dip

Analysts interpret these trends as a structural realignment rather than a cyclical fluctuation. Rising income inequality, wealth concentration, and investor demand for luxury properties are tilting the market toward premiumisation.

At the same time, affordability challenges, land costs, and regulatory expenses are pushing developers away from budget housing projects.

Conclusion

India’s housing sector is not slowing — it is reshifting. Overall sales remain stable, but the composition of demand is changing rapidly. Premium homes are becoming the backbone of residential markets, while affordable housing is shrinking in both supply and demand.

Unless policy incentives or cost-reduction measures are introduced, experts believe this premium-heavy cycle may continue for several years

Also Read: Luxury homes sales in Mumbai have risen 50% 

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The Railway Land Development Authority (RLDA), a statutory body under the Ministry of Railways, Government of India, invited bids for the long-term lease to develop this strategically positioned plot. Financial bids were opened on February 4, 2026, with Oberoi Realty’s offer standing as the highest. The company has since received queries from stakeholders and issued clarifications in a follow-up disclosure on February 5, 2026.

The bid amount of ₹5,400 crore represents the NPV of payments to RLDA, structured as follows:

• An upfront payment of ₹495 crore, comprising ₹247.50 crore payable within 30 days of the letter of demand and another ₹247.50 crore within 150 days.
• The remaining ₹4,905 crore (NPV) to be paid over time until 2038 through a revenue-sharing model, where the company will pay 45% of the higher of projected or actual gross revenues from the project. This revenue share continues until the NPV of payments (discounted at 10.75%) reaches ₹4,905 crore.

Oberoi Realty will bear the full cost of development and construction on the site. The land’s prime location near key connectivity hubs and its substantial FSI potential position it as a high-value opportunity for mixed-use or large-scale residential/commercial development in one of Mumbai’s sought-after micro-markets.

The company awaits further communication from RLDA regarding the next steps in the process, including issuance of the letter of demand and finalization of the lease agreement.

This win strengthens Oberoi Realty’s land bank in Mumbai’s western suburbs, aligning with its strategy to expand premium developments in high-growth areas.

Also Read: Oberoi Realty Ltd signs 18 acre Thane land deal

The post Oberoi Realty Wins Highest Bid of ₹5,400 Crore for 11-Acre Railway Land in Mumbai’s Bandra East appeared first on Square Feat India.

The moderation comes after four years of aggressive capacity expansion by key occupier segments such as e-commerce, manufacturing, and third-party logistics (3PL) players. In the post-COVID phase, companies rapidly scaled up warehouse footprints to strengthen supply chains, support rising consumption, and meet faster delivery timelines. By 2025, much of this capacity had already been created, prompting occupiers to temporarily pause large-scale expansion and focus on consolidating and optimising existing networks.

Industry experts view the decline as a natural correction following an intense growth cycle rather than a sign of weakening demand. Shrinivas Rao, FRICS, CEO of Vestian, noted that the slowdown was driven by a high base effect and cautious occupier sentiment amid global uncertainty. Despite softer absorption, demand from core sectors such as e-commerce, manufacturing, and logistics remained resilient, with occupiers increasingly prioritising Grade A assets in established markets.

Mumbai continued to dominate the warehousing landscape in 2025, recording the highest absorption among the top seven cities at 15.2 million sq ft, even as leasing activity declined 18% year-on-year. The city’s share in pan-India absorption slipped marginally from 41% in 2024 to 39% in 2025. Notably, tight supply conditions pushed average rentals up by 16% to ₹21 per sq ft per month.

Pune retained its position as the second-largest warehousing market, with absorption of 6.4 million sq ft. However, this represented a sharp 51% decline from the exceptional 13.0 million sq ft recorded in 2024, indicating market normalisation. Despite lower leasing volumes, Pune emerged as the most expensive warehousing market in India, with rentals rising 22% to ₹28 per sq ft per month.

The National Capital Region (NCR) stood out with a strong rebound, as absorption jumped 38% year-on-year to 5.5 million sq ft. Its share in total absorption increased from 9% to 14%, supported by steady demand and a 4% annual rise in rentals to ₹23 per sq ft per month.

Southern markets delivered mixed performance. Hyderabad saw absorption decline 31% in 2025, with its share slipping slightly to 6%. Nevertheless, rentals increased 10% to ₹20.8 per sq ft per month, reflecting continued occupier preference for quality assets. In contrast, Bengaluru and Chennai recorded healthy growth, with absorption rising 30% and 39%, respectively, although rental values in both markets remained largely stable.

Kolkata emerged as a surprise performer, with its share in pan-India absorption tripling to 6%. Leasing volumes surged 175% year-on-year, supported by improving infrastructure and growing occupier interest, leading to a moderate 6% rise in rentals to ₹22 per sq ft per month.

Looking ahead, industry fundamentals remain favourable. Strengthening domestic consumption, improving macroeconomic stability, and easing financing conditions are expected to support demand in 2026. As per industry estimates, annual warehousing absorption is projected to rebound to 40–45 million sq ft, indicating renewed momentum for the sector after a phase of consolidation.

Also Read: Robust Investments Bolster Warehousing & Logistics Sector in 2024

The post India’s Warehousing Market Cools in 2025 After Record Highs, Signals Healthy Reset Rather Than Slowdown appeared first on Square Feat India.

The survey reveals that 87% of investors, by assets under management, plan to increase their direct exposure to commercial real estate in 2026, while 62% expect to be net buyers. This marks a clear shift from the cautious sentiment seen in recent years. Against this backdrop, India is steadily strengthening its position as a preferred destination for long-term global capital, offering scale, income visibility and improving asset quality.

While the UK and Germany continue to top the list of global capital destinations, India is transitioning from a peripheral emerging market allocation to a strategic component of Asia-Pacific real estate portfolios. Investors are increasingly attracted to India’s resilient occupier demand, expanding base of institutional-grade assets and favourable demographic profile.

Offices have re-emerged as the most targeted asset class globally, with 69% of investors planning allocations in 2026. However, capital remains selective, focusing on well-located, ESG-compliant and future-ready office assets. This trend closely mirrors India’s office market, where leasing activity continues to be driven by Global Capability Centres (GCCs), technology firms and domestic corporates, together accounting for nearly three-fourths of demand across major cities such as Mumbai, Bengaluru, Delhi-NCR, Hyderabad, Pune and Chennai.

Beyond offices, living sectors have emerged as the second most preferred asset class globally, with 65% of investors targeting allocations. Although institutional rental housing and student accommodation are still nascent in India, Knight Frank notes that these segments present a sizeable medium- to long-term opportunity due to rapid urbanisation and a young, mobile population.

Industrial and logistics assets remain a high-conviction segment, supported by supply-chain reconfiguration, e-commerce growth and infrastructure investment—trends that are particularly pronounced in India. Retail assets have also returned to investor focus globally, with over half of respondents planning allocations, reflecting stabilisation and renewed interest in dominant, experience-led shopping centres.

The survey highlights a growing preference for joint ventures and capital partnerships, with 68% of investors—representing USD 94 billion of planned investment—open to collaborative structures in 2026. This approach is especially relevant in India, where local execution capability, governance and platform scale play a critical role in investment success.

Operational real estate segments such as data centres, healthcare and infrastructure are also gaining traction globally. In India, rising digital adoption, expanding healthcare needs and sustained public infrastructure spending are translating into growing investor interest across these sectors.

Knight Frank noted that interest rates remain the single most influential factor shaping investment decisions, followed by occupier demand and bond yields. While geopolitical risks persist, investors are increasingly willing to look beyond short-term volatility and focus on repriced assets and sectors aligned with long-term structural tailwinds.

Also Read: India’s Real Estate Market Shows Resilience in 2025 Despite Global Headwinds

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Member II, Shri Ravindra Deshpande, passed the final order on January 12, 2026, in Complaint No. CC006000000302965 filed by Akshay Pandurang Manve against M/s. The Constructions Co. (a sole proprietorship), concerning the project “The Scenic Residency Phase-1” (MahaRERA Registration No. P99000005001).

How the Case Began: From “Friendly Loan” to Registered Flat Agreement

The dispute originated in January 2016 when the complainant, through family connections, invested ₹20,00,000 in three separate cheques dated January 26, 2017, with the respondent builder. At that stage, the transaction was described as a “friendly loan” or investment carrying 2% monthly interest, with an oral understanding that the amount would either be repaid after project completion or adjusted towards the purchase of flats (one 1BHK and one RK flat).

The builder honoured part of the initial arrangement by paying ₹3,71,300 in interest through nine separate cheques between March 2017 and August 2018.

Subsequently, on April 23, 2019, the parties executed a registered Agreement for Sale for Flat No. 004, Ground Floor, B Wing in the project, for the exact consideration of ₹20,00,000. Clause 4 of the agreement clearly stipulated that possession would be handed over on or before March 2020.

The project itself had been registered with MahaRERA on August 9, 2017.

Builder Fails to Deliver Possession

Despite the clear timeline, the builder failed to hand over possession by March 2020. No Occupation Certificate has been obtained to date, and construction progress remains reportedly below 50% (though the builder claimed ~75% in submissions).

When the complainant demanded a refund citing inordinate delay, the builder resisted, arguing that the entire transaction was merely a financial/business investment/loan and not a promoter-allottee relationship under RERA. The builder further justified the delay on account of the COVID-19 pandemic and statutory extensions granted by MahaRERA.

MahaRERA’s Landmark Reasoning

After hearing both sides on December 26, 2024, MahaRERA rejected the builder’s maintainability objection and held that:

1. Existence of Promoter-Allottee Relationship The execution of a registered Agreement for Sale on April 23, 2019, in which the builder described himself as “Promoter” and allotted a specific flat to the complainant for a lump-sum consideration, unequivocally created the statutory relationship of promoter and allottee under Section 2(d) of the RERA Act.
2. Nomenclature is not decisive Relying on precedents from the Maharashtra Real Estate Appellate Tribunal (in Srushti Sangam Developers Pvt. Ltd. vs. Sarvapriya Leasing) and earlier MahaRERA orders (e.g., Nitish Kumar Patel & Anr. vs. Garnet Construction Pvt. Ltd.), the Authority ruled that labels such as “investor” or “loan” do not override the true nature of the transaction. When the agreement transfers ownership rights in a specific unit, it is a sale – not a mere security or loan arrangement.
3. Prior interest payments irrelevant after registration The interest paid before the Agreement for Sale (₹3,71,300) cannot nullify the legal effect of the subsequent registered document.
4. Absolute & Unconditional Right under Section 18 Citing the Supreme Court’s authoritative judgment in Newtech Promoters and Developers Pvt. Ltd. vs. State of U.P. (2021), MahaRERA held that an allottee’s right to withdraw from the project and claim refund with interest is unconditional and absolute when possession is not handed over by the agreed date – irrespective of force majeure events, COVID-19, or general statutory extensions granted for project registration validity.

MahaRERA also noted that the builder had not demonstrated compliance with MahaRERA Orders No. 40/2022 and No. 7/2019, which require either consent of the majority of allottees or detailed justification for further extensions beyond initial COVID-related grace periods.

Final Relief Granted

The Authority allowed the complaint in full and passed the following directions:

• The complainant is entitled to withdraw from the project.
• The builder must refund the entire ₹20,00,000 along with interest at SBI Highest MCLR + 2% per annum from April 1, 2020 (the day after the agreed possession date) till the date of actual realization.
• The ₹3,71,300 already paid as interest shall be adjusted against the total interest liability under this order.

This order reinforces that once a registered Agreement for Sale is executed for a specific apartment in a RERA-registered project, the protections of the Act – including the powerful refund remedy under Section 18 – become available, even when the transaction originated from an investment or loan arrangement.

Legal experts view this as an important clarification for cases where informal investments are later formalized through registered agreements, ensuring that homebuyers/investors are not left without RERA remedies.

Also Read: MahaRERA Orders Refund Paid for Seven Flats in Godrej RKS Project

The post Investor Turned Flat Purchase Qualifies as ‘Allottee’ – Builder Ordered to Refund ₹20 Lakh + Interest appeared first on Square Feat India.

The judgment, delivered by Justice Amit Borkar on Thursday, quashed a 2014 order by the Divisional Commissioner that had cancelled a sale permission for agricultural land affected by project rehabilitation rules.

What Happened in This Case?

The dispute centered on a plot in Pune district, originally owned by a project-affected farmer, Sahebrao Tatyaba Barke. In 1995, he signed an agreement to sell the land to one Satish Tanksale, but no legal action was taken to enforce it for over 15 years.

In 2010, Barke sought and received permission from the Sub-Divisional Officer under Section 12 of the Maharashtra Project Affected Persons Rehabilitation Act, 1999, to sell the land to Uday Bhanudas Gujar, a 65-year-old agriculturist from Pune.

Following the approval:

• A registered sale deed was executed in March 2011.
• Possession was handed over.
• Gujar’s name was entered in revenue records.

However, in 2011, Tanksale assigned his old agreement rights to Madan Yeshwant Diwan and Alka Diwan, who began interfering with Gujar’s possession. They filed a delayed appeal in 2011, and in 2014, the Divisional Commissioner cancelled the sale permission, claiming the original owner had “suppressed” the 1995 agreement.

Gujar challenged this in the High Court through a writ petition filed in 2014.

Why the High Court Ruled in Favor of the Buyer

Justice Borkar held that the Divisional Commissioner’s order was illegal on multiple grounds:

• No Right to Appeal: The Rehabilitation Act does not allow appeals against orders granting sale permission. Authorities acting under this special law cannot be challenged through general revenue code appeals.
• Once Completed, It’s Final: After permission is granted and the sale is registered with possession transferred, the authority loses power to cancel it. There is no provision for review or recall.
• Old Agreements Don’t Matter: A mere agreement to sell creates no legal title. Since Tanksale never filed a suit for specific performance, his claimants had no standing to challenge the new sale.
• Procedural Flaws: The appeal was heavily delayed, and the Commissioner decided on merits without even approving the delay condonation.

The court restored the 2010 permission and declared Gujar’s registered sale deed fully valid.

What This Means for Common Homebuyers and Land Purchasers

This ruling is a big win for anyone buying restricted lands, such as those allotted under rehabilitation schemes for dam or project-affected families in Maharashtra.

Key takeaways:

• Registered sale deeds provide strong protection against later challenges.
• Buyers don’t need to fear hidden old agreements resurfacing to undo completed deals.
• Government officials cannot revisit approvals after transactions are finalized.
• It reduces risks in agricultural or rural land purchases, common in areas affected by irrigation projects.

Legal experts say this reinforces buyer confidence in property markets, especially where special permissions are required.

Court’s Strong Words on Jurisdiction

The judge emphasized that authorities cannot assume powers not given by law, even if they believe they’re correcting a wrong. Relying on a Supreme Court precedent, the court said jurisdiction is a matter of law, not convenience.

The petition was allowed with no costs imposed.

Also Read: Unauthorized Occupants Cannot Claim Ownership Of Land Simply By Occupying It For Years: Bombay HC

The post Once You Buy and Register Land, It’s Yours Forever: High Court Slams Attempt to Cancel Deal Years Later appeared first on Square Feat India.

Colliers estimates that average annual enterprise seat demand will increase by 25%, reaching nearly 200,000 seats in 2026 and 2027 compared to 160,000 seats in 2024–2025.

Enterprise Demand, GCC Growth Fuel Next Wave

According to the report, technology and BFSI companies will account for 60–65% of enterprise seat uptake, while engineering, manufacturing, and consulting firms are expected to contribute 10–15% each. Enterprise occupiers now account for nearly 70% of total flex demand.

A major shift is the growing dominance of GCCs. They accounted for 40–45% of enterprise seat uptake in 2025, and their share is likely to rise to nearly 50% over the next two years as they scale R&D, analytics, engineering, and AI capabilities in India.

“As domestic enterprises and GCCs deepen their flex adoption, operators are curating next-generation, customized workspaces with advanced PropTech and ESG features. Several operators raising capital through IPOs further reflects strong investor confidence,”
said Arpit Mehrotra, Managing Director, Office Services, Colliers India.

Bengaluru Dominates, Pune Leads in Penetration

With 22.6 million sq ft of operational flex space, Bengaluru remains India’s largest flex market, accounting for 31% of national stock. Delhi NCR follows with 12.5 million sq ft.

Pune stands out for having the highest flex penetration at 11.5%, supported by demand from tech, BFSI, and start-up ecosystems.
Chennai, meanwhile, has recorded an impressive 5.6X growth in flex stock since 2021.

City-Wise Highlights (2025E)

• Bengaluru: 22.6 msf flex stock | 9.7% penetration
• Pune: 9.9 msf | 11.5% penetration (highest)
• Delhi NCR: 12.5 msf | 8.2% penetration
• Chennai: 7.3 msf | 8.2% penetration | 5.6X growth
• Mumbai: 9.7 msf | 7.1% penetration
• Hyderabad: 9.6 msf | 7.7% penetration

Overall, flex stock across India’s top 7 cities has grown 2.4X between 2021 and 2025.

Tech-Enabled, Customised & ESG-Focused Workspaces in Demand

Occupiers increasingly prefer scalable, plug-and-play, managed offices with deep tech integration. Flex operators are upgrading their offerings with:

• Occupier-specific customisation
• PropTech-driven workspace management
• “GCC-as-a-Service” models
• Compliance-ready infrastructure
• Strong ESG features and green-certified buildings

Nearly 70% of flex space uptake in the last 2–3 years has been in green-certified buildings.

Tier II Expansion to Strengthen

While Tier I cities continue to dominate flex absorption—especially Secondary Business Districts (SBDs)—operators are rapidly scaling into Tier II markets such as Ahmedabad, Jaipur, Kochi, Chandigarh, Lucknow, Indore, Bhubaneswar, and Coimbatore.

Seat rentals in these cities are 30–35% lower than Tier I, making them attractive for distributed workforce and hub-and-spoke models. By 2027, Tier II cities could account for 10–15% of India’s flex stock.

“With sustainability features, PropTech adoption and enterprise-grade solutions expanding rapidly, GCCs are expected to drive nearly half of total enterprise demand over the next two years,”
said Vimal Nadar, National Director & Head of Research, Colliers India.

Also Read: Hiring Wave Ahead: Office Space Demand Soars

The post Flex Office Stock to Cross 100 Million Sq Ft by 2027; Penetration to Exceed 10% appeared first on Square Feat India.

The repayment—made entirely through cash flows from ongoing projects—signals renewed financial discipline, robust liquidity, and a sharper balance sheet for the developer.

Early Repayment Strengthens Omaxe’s Balance Sheet

Omaxe said the repayment was part of its broader deleveraging strategy aimed at improving financial agility and preparing for its next phase of growth.

The facility from Samman Capital had helped Omaxe execute several major developments in Lucknow, Faridabad, New Chandigarh, and other key markets. Closing this exposure ahead of maturity underscores the company’s improved operational performance and efficient cash management.

Management Speaks: “A Reflection of Trust & Disciplined Execution”

Mohit Goel, Managing Director, Omaxe Ltd, said the long-standing partnership with Samman Capital was critical in fueling expansion across multiple markets.

“This early repayment reaffirms Omaxe’s commitment to timely repayments and sustainable financial management. With our balance sheet further strengthened, we are well-positioned to continue delivering high-quality developments and value for all stakeholders.”

Atul Bansal, Director – Finance & Group CFO, highlighted that the repayment was completed well before the due date:

“This milestone reflects our ongoing efforts to improve liquidity, reduce leverage, and strengthen financial resilience. We extend our gratitude to Samman Capital for their support.”

Part of a Larger Turnaround Play

The successful repayment follows a series of positive developments for Omaxe, including:

• fresh capital infusion,
• strong quarter-on-quarter sales momentum,
• accelerated delivery across residential and mixed-use projects.

The company aims to maintain its deleveraging trajectory while pursuing new strategic collaborations that can support expansion across north and central India.

Also Read: Omaxe Group Launches The Omaxe State with ₹2,500 Crore Investment

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