Mint Primer: The factors that could push real estate in 2025
1 week, 1 day ago

Mint Primer: The factors that could push real estate in 2025

Live Mint  

All eyes are on global capability centres, which emerged as the highest contributor in office space leasing in 2024. Gross leasing of commercial office space touched a historic high of 79 million sq ft last year, as per property advisory CBRE India. Following the marginal dip in home sales and project launches last year, 2025 could mark a transition after the post-pandemic high. With launches slowing down and pent-up demand used up in recent years, there could be a gradual declining trend in sales going forward, as per Liases Foras Research. Shopping malls saw healthy leasing last year due to good demand from retailers, despite minimal new supply.

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History of this topic

Domestic office market surges as India becomes hub for global occupiers
4 days, 11 hours ago

Domestic office market surges as India becomes hub for global occupiers

Live Mint  

India’s commercial real estate skyrocketed last year primarily on the back of swelling demand from global firms scouring the country for office spaces, according to reports by top property consultants. Across India’s top nine cities, overall office leasing recorded a historical high of 79 msf in 2024, according to a report by CBRE, a real estate services and investment firm. …

Demand for logistics, industrial spaces to touch 50-53 million sq ft in 2024: Report
3 weeks ago

Demand for logistics, industrial spaces to touch 50-53 million sq ft in 2024: Report

Hindustan Times  

Leasing of logistics and industrial spaces is set to reach 50-53 million sq feet in 2024 across eight major cities on sustained demand, according to a report by Cushman & Wakefield on December 24. Leasing of logistics and industrial spaces is set to reach 50-53 million sq feet in 2024 across eight major cities on sustained demand The leasing of …

Year-ender 2024: Office space leasing expected to touch 85 million square feet this year
4 weeks, 1 day ago

Year-ender 2024: Office space leasing expected to touch 85 million square feet this year

Hindustan Times  

The year 2024 is likely to register 83-85 mn sq ft of gross leasing of office space across eight major cities, which will be an almost 13% increase compared to the peak volume of 2023, a report by Cushman and Wakefield said. Since 2022, India’s office real estate has consistently witnessed more than 70 million square feet of gross leasing …

Gross leasing of office space set to rise 14 pc in 2024 to record 85 mn sq ft: Cushman & Wakefield
Trending News
4 weeks, 2 days ago

Gross leasing of office space set to rise 14 pc in 2024 to record 85 mn sq ft: Cushman & Wakefield

Live Mint  

New Delhi, Dec 16 Gross leasing of office space across eight major cities is likely to rise 14 per cent to touch a record 85 million square feet this calendar year, according to Cushman & Wakefield. The gross leasing of office space stood at 74.6 million square feet in 2023 across eight cities -- Bengaluru, Hyderabad, Mumbai, Delhi-NCR, Chennai, Pune, …

Office leasing by Global Capability Centres in Chennai to touch 3.2 mn sq ft by 2025: CBRE
1 month, 2 weeks ago

Office leasing by Global Capability Centres in Chennai to touch 3.2 mn sq ft by 2025: CBRE

Hindustan Times  

Office leasing by Global Capability Centres in Chennai is expected to touch 3.2 mn sq ft by 2025 on the back of growing infrastructure, proactive state government policies, and quality office developments that are aligned to meet the needs of global corporates, a report by CBRE has said. Office leasing by Global Capability Centres in Chennai is expected to touch …

Chennai emerging as preferred hub for Global Corporates; city hosts 11 per cent of India’s GCC talent, says report
1 month, 2 weeks ago

Chennai emerging as preferred hub for Global Corporates; city hosts 11 per cent of India’s GCC talent, says report

New Indian Express  

CHENNAI: Chennai is poised to add 12–13 million square feet of premium office space between 2025 and 2026, according to a report titled ‘Tamil Nadu: The Next Frontier for Global Corporations’ by CBRE. The report highlights Chennai’s solidified position as a preferred hub for global corporates, accounting for 11% of India’s current Global Capability Centre talent. Ranked third in GCC …

GCCs Dominate Indian Coworking Market, with Bengaluru Leading the Charge
2 months, 2 weeks ago

GCCs Dominate Indian Coworking Market, with Bengaluru Leading the Charge

Hindustan Times  

Global capability centres (GCCs) leased nearly 23,000 coworking desks between January - September period in India. The resurgence in flex seat occupancy is linked to slower economic growth in the US, prompting companies to leverage India's cost advantages and talent pool, boosting demand for flexible workspaces.

Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022 to H1 2024: Report
5 months, 1 week ago

Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022 to H1 2024: Report

Hindustan Times  

Bengaluru led leasing by Global capability centres in India between 2022 to H1 2024 with a 40% share, according to a CBRE- Zyoin report released on August 5. Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022- H1 2024 According to the report, GCCs leased nearly 53 million square feet of office space across the …

Bengaluru leads office space absorption by global capability centers in India at 4.3 mn sq ft: Report
5 months, 2 weeks ago

Bengaluru leads office space absorption by global capability centers in India at 4.3 mn sq ft: Report

Hindustan Times  

Bengaluru accounts for the highest office space absorption by global capability centers in India at 4.3 million square feet, according to a Knight Frank India - 3AI report released on July 26. Bengaluru leads office space absorption by global capability centres in India Bengaluru is the top choice for platform engineering and constitutes the highest IT/ITeS GCC led office absorption …

Office leasing across top 9 cities touches 32.8 mn sq ft in Jan-June; Bengaluru leads office leasing at 8.5 mn sq ft
6 months, 1 week ago

Office leasing across top 9 cities touches 32.8 mn sq ft in Jan-June; Bengaluru leads office leasing at 8.5 mn sq ft

Hindustan Times  

Office leasing touched 32.8 mn sq ft during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE South Asia Pvt. ft. during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE Bengaluru led office space absorption, accounting for about one-fourth of the total leasing …

Leasing by Global Capability Centres in India increases by 17%; touches 22.5 mn sq ft in FY 2023-24
7 months, 2 weeks ago

Leasing by Global Capability Centres in India increases by 17%; touches 22.5 mn sq ft in FY 2023-24

Hindustan Times  

Leasing by Global Capability Centres increased by around 17% Y-o-Y in FY 2023-24 compared to FY 2022-23, touching 22.5 mn sq ft in FY 2023-24 as compared to 19.2 mn sq ft in FY 2022-23. Leasing by Global Capability Centres increased by around 17% Y-o-Y in FY 2023-24 compared to FY 2022-23 touching 22.5 mn sq ft in FY 2023-24 …

World Earth Day 2024: More than half of India’s A Grade office stock is now sustainable
8 months, 3 weeks ago

World Earth Day 2024: More than half of India’s A Grade office stock is now sustainable

Hindustan Times  

Sustainability has now been incorporated into the boardroom agenda. Almost 56% percent of India’s Grade A office stock spanning 815 mn sq ft is now green. World Earth Day 2024: Almost 56% percent of India’s Grade A office stock spanning 815 mn sq ft is now green, a report has said The total office space leased over the last two …

Global capability centres and third-party IT service providers lease over 46% of office space in India
8 months, 4 weeks ago

Global capability centres and third-party IT service providers lease over 46% of office space in India

Hindustan Times  

Global firms outsourcing jobs to India have become a major occupier of office space in India with global capability centres and third-party IT service providers contributing to over 46% of office leasing in 2023, a report by Knight Frank titled Asia Pacific Horizon: Harnessing the Potential of Offshoring, has said. Global firms outsourcing jobs to India have become a major …

Retail leasing expected to be firm in 2024, to touch 6-6.5 mn sq ft by year end; Tier-II markets to attract new brands
9 months ago

Retail leasing expected to be firm in 2024, to touch 6-6.5 mn sq ft by year end; Tier-II markets to attract new brands

Hindustan Times  

Retail leasing is expected to sustain between 6 to 6.5 mn sq ft in 2024 fueled by leasing activity across malls and high streets with Hyderabad, Bengaluru and Delhi likely to account for maximum share, a report by CBRE titled ‘2024 India Market Outlook’ has said. Retail leasing is expected to sustain between 6 to 6.5 mn sq ft in …

Share of GCCs in office transactions in Chennai increases by 55% in 2023
9 months, 2 weeks ago

Share of GCCs in office transactions in Chennai increases by 55% in 2023

Hindustan Times  

Global Capacity Centres focused transactions dominated more than half of the office volume deals in Chennai during 2023, totalling 6.02 mn sq ft across 71 deals, a report by Knight Frank India said. Global Capacity Centres focused transactions dominated more than half of the office volume transactions in Chennai during 2023 The Banking, Financial Services, and Insurance segment is the …

Leasing demand for manufacturing space up; expected to touch around 16 million sq ft by 2024: JLL
10 months ago

Leasing demand for manufacturing space up; expected to touch around 16 million sq ft by 2024: JLL

Hindustan Times  

Leasing demand for manufacturing space has increased and is projected to touch approximately 16 million sq ft by the end of 2024, JLL India said in a report. Leasing demand for manufacturing real estate space has increased and is projected to touch approximately 16 million sq ft by the end of 2024, JLL India said in a report. In its …

Mapping India’s office spaces
10 months, 1 week ago

Mapping India’s office spaces

The Hindu  

While most investors look at factors like vacancy in the market, the historical rent growth and rentals of comparable assets, I have seen that even the most seasoned of investors miss out on taking a look at the upcoming supply in the market — which is the only verifiable forward-looking metric in real estate analysis. Business-as-usual in Bengaluru As India’s …

Mumbai Sees 23% Fall In New Office Space Supply Last Year, Numbers May Rise This Yr: Vestian
11 months, 1 week ago

Mumbai Sees 23% Fall In New Office Space Supply Last Year, Numbers May Rise This Yr: Vestian

News 18  

Mumbai has witnessed a 23 per cent fall in new supply of office space last year to 2.7 million square feet mainly as developers focused less on this asset class in the past few years anticipating fall in demand because of the COVID pandemic, according to Vestian. Real estate consultant Vestian noted that a surge in housing demand over the …

New supply of retail space expected to increase by 45% by 2028: Report
11 months, 1 week ago

New supply of retail space expected to increase by 45% by 2028: Report

Hindustan Times  

New supply of retail real estate space is expected to increase by 45% from the current 91 mn sq ft across seven major cities by 2028 as developers expand their retail footprint, a new report by JLL said on February 7. New supply of retail real estate space is expected to increase by 45% from the current 91 mn sq …

Real estate outlook 2024: Institutional investors may exercise caution when allocating capital into realty estate sector
1 year ago

Real estate outlook 2024: Institutional investors may exercise caution when allocating capital into realty estate sector

Hindustan Times  

The real estate sector in India attracted over $5.8 bn institutional investments across 53 deals in 2023, a 14% percent increase compared to 2022. The share of institutional inflows from Americas, the conventionally highest contributor into Indian real estate, witnessed a significant dip of 23 per cent from 43 per cent in 2022, a report by JLL has said. The …

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report
1 year ago

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report

Hindustan Times  

Leasing of office space rose by 15 per cent across eight major cities last year, despite a decline in demand in Bengaluru, the largest workspace market, according to Knight Frank. Data showed that office demand grew 15 per cent annually to 59.6 million square feet in 2023, despite global economic and geopolitical concerns. The data showed that office demand grew …

Unravelling opportunities
1 year, 2 months ago

Unravelling opportunities

The Hindu  

A joint industry report by CREDAI and CRE Matrix stated that high-quality office space in India’s top six cities had already surpassed 700 million sq.ft. As per a study by NASSCOM, operating costs of offices in tier-2 cities in the U.S. are as high as seven times the cost in Bengaluru, India’s largest office market. Lastly, India’s share of the …

Real Estate: Office Space Absorption Rises 16% QoQ to 14 million Sqft in January-March 2023, Says Report
1 year, 8 months ago

Real Estate: Office Space Absorption Rises 16% QoQ to 14 million Sqft in January-March 2023, Says Report

News 18  

Office space absorption in India’s six major cities rose 16 per cent QoQ to 14 million sqft in the first quarter of 2023. However, the YoY gross absorption comparison indicates an 11 per cent decline owing to global economic pressures, according to the latest report by international real estate advisory firm Savills India. Additionally, the office space witnessed a 23 …

Industrial, logistics sector leasing seen at 32-35 mn sq ft in 2023: Report
1 year, 9 months ago

Industrial, logistics sector leasing seen at 32-35 mn sq ft in 2023: Report

Live Mint  

New Delhi: The growth rate for industrial and logistics portfolio leasing is likely to slow down to 32-35 million square feet in 2023 due to global headwinds, according to a report by CBRE. The global real estate consultant’s ‘2023 India Market Outlook’ report said that the I&L supply forecast is expected to exceed 2022 levels and touch 24-26 mn sq …

Future of real estate market in India in 2023
1 year, 11 months ago

Future of real estate market in India in 2023

Live Mint  

The residential real estate market in India had astounding progress in 2022, setting new sales records of 68% YoY, further demonstrating the industry's prominence as one of India's fastest-growing industries. Real estate market in 2022 Hari Movva, Senior Vice President, SILA said despite the faltering economy we are currently experiencing, the real estate sector lived up to its best in …

Coworking adds to commercial real estate market expansion
1 year, 11 months ago

Coworking adds to commercial real estate market expansion

The Hindu  

The world of commercial real estate is on the precipice of a revolution as coworking spaces have become an increasingly popular choice for businesses of all sizes. In 2023, it is likely that coworking spaces will have a major influence on the commercial real estate market, with new opportunities for businesses, entrepreneurs, and investors alike. Strong leasing It is worth …

2022: the year that was
2 years ago

2022: the year that was

The Hindu  

After the initial COVID-19 pandemic wave and the ensuing enforced lockdowns, India’s residential market has been expanding at a breakneck rate. “The Indian real estate sector witnessed one of its most extensive turnaround years this year, something that hasn’t happened in the past 10 years.”Abhishek KapoorCEO, Puravankara Ltd., Bengaluru The phenomena in the year 2022 were undeniably conducive to the …

Bengaluru may see highest growth in office rent in Asia-Pacific region next year
2 years, 1 month ago

Bengaluru may see highest growth in office rent in Asia-Pacific region next year

Deccan Chronicle  

New Delhi: Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY in 2023, highest amongst the 24 APAC cities tracked in the report. New Delhi's …

Property registrations in Mumbai rose 11% to 8,628 units in September: Report
2 years, 3 months ago

Property registrations in Mumbai rose 11% to 8,628 units in September: Report

Live Mint  

In spite of rising home costs and borrowing costs, registration of properties in Mumbai jumped 11% last month to 8,628 units, the highest level for September in the previous 10 years, according to a study released today by Knight Frank India, a renowned international property consultant. In September 2022, there were 8,628 property sale registrations in Mumbai city, compared to …

Real Estate: 2022 Likely To Be Best Year for India's Office Market, Says Colliers Report
2 years, 3 months ago

Real Estate: 2022 Likely To Be Best Year for India's Office Market, Says Colliers Report

News 18  

The year 2022 is likely to emerge as the best year in terms of office space leasing, with absorption likely to cross 50 million sq ft across the top-6 cities — Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune. While hybrid working continues to be the mainstay, occupiers are not shying away from leasing new large spaces,” Colliers India said in …

Record growth in office space absorption in Hyderabad: Survey
2 years, 5 months ago

Record growth in office space absorption in Hyderabad: Survey

Deccan Chronicle  

HYDERABAD: Hyderabad has witnessed record growth in office space absorption in the April-June quarter at 2.4 million square feet. This is the 90 per cent growth over the office space absorption in Q2 2021, said a survey. According to a report, ‘The Connect Q2 2022,’ released by commercial real estate firm Vestian, “The West peripheral business district market, comprising locations …

India's residential real estate sales at 9 year-high in 2022: Knight Frank
2 years, 6 months ago

India's residential real estate sales at 9 year-high in 2022: Knight Frank

Hindustan Times  

India's residential real estate segment has recorded a 9-year high in terms of sales volume during the first half of 2022, said London-headquartered global property consultancy firm Knight Frank. During January-June 2022, launches of new housing units recorded a growth of 56 per cent year-on-year at 160,806 units. The residential space saw an annual growth of 60 per cent during …

‘Bengaluru leads office leasing market with a 30% share in Q2’
2 years, 6 months ago

‘Bengaluru leads office leasing market with a 30% share in Q2’

The Hindu  

Bengaluru led the office leasing market in the country in the second quarter of calendar year 2022 by solely forking out a 30% market share followed by Mumbai and Delhi-NCR claiming 19% and 18% slice respectively, said Colliers, a global realty advisory and management firm, on Monday. All the major markets, with Bengaluru dominating, witnessed strong leasing activity during the …

'The Address' eyeing giant expansion in 2022
2 years, 11 months ago

'The Address' eyeing giant expansion in 2022

Hindustan Times  

The co-working and managed office spaces sector is emerging as the fastest-growing asset class within the conventional office space sector across the metro and megacities in India. 'The Address' Tapping the immense potential of the co-working space sector, 'The Address' has recently taken a giant leap that further strengthens its position in this rapidly growing business in India. 'The Address', …

Office Space Demand Up By 50% in 2021 as Tech Firms, Startups Recruit More Employees
2 years, 11 months ago

Office Space Demand Up By 50% in 2021 as Tech Firms, Startups Recruit More Employees

News 18  

New Delhi, Jan 23 Demand for office space in Delhi NCR region has grown 50 per cent year-on-year in 2021, majorly due to strong absorptions by startups and technology firms, said global real estate consultancy firm Colliers. Flight to quality is driving occupiers’ real estate strategy and Noida Expressway, Golf Course Extension Road and DLF Cybercity drove the bulk of …

Work from Home Hits Office Demand, Net Leasing of Office Space Dips 44% in 2020: Report
4 years ago

Work from Home Hits Office Demand, Net Leasing of Office Space Dips 44% in 2020: Report

News 18  

Net office space leasing fell 44 per cent year-on-year during 2020 to 25.82 million sq ft across seven major cities as corporates deferred their expansion plans and adopted ‘work from home’ policy for employees because of the COVID-19 pandemic, according to a report by JLL India. Net leasing of office space stood at 46.5 million sq ft in 2019 across …

Coronavirus Outbreak: Housing sales may fall 35% in 2020, demand for office space may shrink 30%
4 years, 9 months ago

Coronavirus Outbreak: Housing sales may fall 35% in 2020, demand for office space may shrink 30%

Firstpost  

New Delhi: India’s residential real estate has been severely hit by nationwide lockdown and sales could fall by up to 35 percent across seven major cities during the 2020 calendar year following the outbreak of COVID-19 in the country, according to property brokerage firm Anarock. The pandemic would also adversely impact commercial real estate segment, which had been performing well …

New launches to drive commercial office space growth
5 years, 11 months ago

New launches to drive commercial office space growth

Live Mint  

India’s commercial office market is on an upswing and top developers, funded by global investors such as Blackstone Group LP and GIC Pte Ltd, are leaving no stone unturned to grow their portfolios this year, anticipating high demand and good momentum in leasing. Blackstone-backed Embassy Office Parks, which received approval from the Securities and Exchange Board of India to list …

Office space absorption jumps 54% in first half of 2018: JLL-CII report
6 years, 5 months ago

Office space absorption jumps 54% in first half of 2018: JLL-CII report

Live Mint  

Mumbai: Despite a slowdown in the residential property market, India’s commercial office space saw a pick-up in demand in the first half of 2018, with around 54% growth in the absorption of office space. According to a report titled India’s Real Estate Milestones – A 20 year narrative by the Confederation of Indian Industry and property consultancy JLL India, around …

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