1 month ago

New office supply touches 515 lakh sq ft in 2024 across seven major cities: Vestian

A surge in demand for grade-A office spaces has led to the completion of 515 lakh sq ft of new office space supply across the top seven cities in 2024, according to a report by Vestian. Among the top seven cities, the maximum fresh supply was seen in Hyderabad followed by Bengaluru," the report added. Interestingly, Kolkata witnessed no new completions during 2024 as compared to over 10 lakh sq ft of supply in the previous year, the report said. Bengaluru dominated office space absorption The report said Bengaluru dominated the absorption with 177 lakh sq ft in 2024, registering an increase of 15% over the previous year.

Cities Office Report Share Ncr Lakh 2024 Bengaluru Vestian New Completions report office lakh share touches vestian seven increased 2024 bengaluru ft cities supply major sq

History of this topic

4 days, 20 hours ago

Housing sales drop 23%, supply falls 34% in top 9 cities in Q1 2025: PropEquity

Live Mint

New Delhi, March 23 : The housing market continued its downward trend with housing sales in India's top nine cities falling by 23 per cent while supply declined by a whopping 34 per cent in Jan-March of 2025, said a report by data analytics firm PropEquity. Housing supply, on the other hand, stood at 80,774 units in Q1 2025 as …

2 weeks ago

Office Space Demand In Delhi-NCR Soars 61%; Here's Which Sector Led The Growth

ABP News

The Delhi-National Capital Region office market recorded a 61 per cent year-on-year increase in net absorption at 9.5 million square feet in 2024, the highest among the top seven cities, a report showed on Thursday. Overall, the net office absorption in top seven cities reached nearly 50 million sq ft, marking a substantial 29 per cent year-on-year increase from 38.64 …

2 weeks, 4 days ago

Tech, flex space companies fuel 11% increase in office space demand in H2 of 2024: Colliers

Live Mint

New Delhi, March 9 : Technology and flex space companies are fueling office space demand in India, as the second half of 2024 witnessed an 11 per cent year-on-year rise, according to the latest report by Colliers. In India, technology firms and flex space operators together accounted for 46 per cent of the total take-up across the top six cities …

3 weeks, 4 days ago

Hyderabad ranked second in office leasing with 13 million square feet absorption in 2024: Savills India

The Hindu

Hyderabad has secured its position as the second-largest office leasing market in India, registering a 52% year-on-year growth in 2024. The city recorded a gross absorption of 13.1 million square feet capturing a 17% share among the top six Indian cities, according to a report by global real estate advisory firm Savills India. Hyderabad’s IT-BPM sector experienced a two-fold increase …

1 month, 1 week ago

Property prices go up by 17% in Sept-Dec quarter in 2024

Deccan Chronicle

Hyderabad: Hyderabad will achieve a major feat this year by adding 17 million square feet of Grade A/A+ office space, marking the fastest infusion ever in a single year. However, primary sales performance in the Hyderabad market for the last quarter showed a decline, with the value of units sold decreasing by nine per cent compared to Q4 2023. Abhishek …

1 month, 1 week ago

Northwest Hyderabad leads real estate boom with ₹71,926 crore sales in 2024

The Hindu

Hyderabad’s real estate market witnessed the sale of 65,177 residential units amounting to a total value of ₹ 1.13 lakh crore, according to data revealed by CREDAI Hyderabad in collaboration with CRE Matrix on Tuesday. Southeast Hyderabad recorded the lowest sales figures with 4,384 units sold for a total value of ₹ 5,522 crore. The top office transactions included Google …

1 month, 2 weeks ago

Hyderabad’s office space set to surpass 200 million square feet by 2030: CBRE Report

The Hindu

Hyderabad’s commercial real estate market is on a rapid growth trajectory, with the city’s total office stock expected to exceed 200 million square feet by 2030, according to the latest report by CBRE South Asia Private Limited. The report titled ‘HYSEA Scale @ Hyderabad: Global Technology Destination’, highlights that the city currently contributes around 15% of the total office stock …

2 months ago

Flexible workspace operators bullish on growth in 2025, looking to expand; raise equity

Hindustan Times

Flexible office space providers are bullish on demand for managed workspace during 2025 as corporates look for agile and cost-effective solutions to reduce overheads. Bengaluru-based operator Simpliwork Offices CEO and Founder Kunal Walia said the company will keep expanding its portfolio across major cities to meet the rising demand for flexible workspaces. Shesh Rao Paplikar, Founder & CEO of BHIVE …

2 months ago

Retail leasing hits 8.1 million sq ft across eight cities in 2024; Bengaluru tops the list

Hindustan Times

Retail leasing touched around 8.1 million sq ft in 2024 across eight cities in India, with Bengaluru leading in space absorption, followed by Delhi-NCR and Mumbai, a report by JLL has shown. The JLL report said retail leasing touched around 8.1 million sq ft in 2024 across eight cities in India, with Bengaluru leading in space absorption, followed by Delhi-NCR …

2 months ago

Leasing of retail space in 2025 to surpass levels of 2023, top 7 cities to add 9 million sq ft: JLL

Live Mint

New Delhi, January 25 : The top 7 Indian cities are set to see the addition of nearly 9 million sq ft of new retail space in 2025, with gross leasing volume expected to surpass 2023's 8.7 million sq ft, according to the commercial real estate and investment management company, JLL India. Despite continued interest from international retailers, domestic retailers …

2 months, 1 week ago

Demand for industrial, warehousing spaces hit record of 645 lakh sq ft in 2024: Savills India

Live Mint

New Delhi, Jan 18 The demand for industrial and warehousing spaces reached an all-time high in 2024 at 645 lakh square feet across major cities, driven by third-party logistics companies, e-commerce players and manufacturing firms, among others, according to Savills India. Real estate consultant Savills India said the absorption or leasing of industrial and warehousing spaces rose by 30 per …

2 months, 2 weeks ago

Office supply in Hyderabad to outstrip demand, vacancy may rise to 24 pc by Mar 2026: ICRA

Deccan Chronicle

New Delhi: Nearly 25 per cent of total office space in Hyderabad is expected to remain vacant by March 2026 as fresh supply is set to exceed demand, according to rating agency ICRA. Office supply grew at a higher CAGR of about 14 per cent during FY2017-FY2024 for the Hyderabad market, compared to a CAGR of around 7 per cent …

2 months, 2 weeks ago

Hyderabad leads office space deals with largest average size in 2024: Knight Frank India

The Hindu

Hyderabad has emerged as the top city in India for average office space deal size in 2024, recording 70,535 square feet per transaction. This marks a 10.13% increase from 2023, when the average deal size stood at 64,042 square feet, according to a recent report by Knight Frank India. Bengaluru secured the second spot in the rankings, with an average …

2 months, 2 weeks 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. …

2 months, 3 weeks 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 …

2 months, 3 weeks ago

Hyderabad sees record 12.3 msf demand for office space

Deccan Chronicle

Hyderabad: Hyderabad has seen demand for grade A offices increased to a record high of 12.3 million square feet in 2024, outpacing the previous highs of 2019 by almost 21 per cent, said real estate services firm Cushman & Wakefield’s latest office data. GCCs have anchored the growth with nearly 28 per cent of the demand, supported by talent, expanding …

2 months, 3 weeks ago

Bengaluru leads office space absorption with over 14 million sq ft, up by 66% YoY in 2024

Hindustan Times

Bengaluru has led the office space absorption across the top seven cities with 14.74 million sq ft of leasing, up by 66% from 9.01 msf in 2023, according to a JLL report on January 3. Bengaluru has led the office space absorption across the top seven cities with 14.74 million sq ft of leasing, up by 66% from 9.01 msf …

3 months 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 …

Bengaluru real estate market to drive office space leasing with over 21 million sq ft absorption in 2024; highest ever

Trending News

3 months ago

Bengaluru real estate market to drive office space leasing with over 21 million sq ft absorption in 2024; highest ever

Hindustan Times

Bengaluru will lead office space leasing across the top cities with its highest ever of 21.7 million sq ft, up by 40% annually IN 2024, according to a December 24 report by real estate consultant Colliers. Bengaluru will lead office space leasing across the top cities with its highest ever of 21.7 million sq ft, up by 40% annually IN …

3 months ago

Bengaluru real estate: Landlords start compromising on rents as city sees new supply, more rental options

Hindustan Times

With more inventory available for rent in the Bengaluru real estate market's residential segment, landlords have started reducing rents by 5% to 10% in city centres. Bengaluru sees new housing supply Bengaluru recorded 16,537 home launches in April-June, accounting for 21% of the total residential launches across top cities. Bengaluru recorded a 7% rise in new launches yearly despite a …

3 months ago

Year-ender 2024: Bengaluru sees a surge in office demand. A look at 5 mega commercial transactions

Hindustan Times

Bengaluru was one of India's leaders in commercial real estate transactions in 2024, with notable activity in office space, flex office space, and retail leasing. 2) JP Morgan Services India Private Limited leased 5.6 lakh square feet of office space in Bengaluru's Embassy TechVillage for over seven years at a starting monthly rent of ₹4.47 crore. 3) For a monthly …

3 months, 1 week 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

3 months, 1 week 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, …

4 months 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 …

4 months, 1 week ago

ANZ renews office space lease in Bengaluru for four years at a rent of ₹6 crore per month

Hindustan Times

ANZ Support Services India Private Limited has renewed its lease for a 6 lakh sq ft office space spread across 18 floors in Embassy Manyata Business Park in Bengaluru for four years at a monthly rent of ₹5.94 crore, documents accessed by Propstack showed. ANZ Support Services India Private Limited has renewed its lease for a 6 lakh sq ft …

4 months, 3 weeks ago

Bengaluru Leads the Flex Office Market with 28% Share

Hindustan Times

Bengaluru leads the Indian commercial real estate market with 257 flex office transactions, accounting for 28 per cent of the total deals. The city has emerged as the top market in the small-sized segment, with 150 deals, followed by the National Capital Region (NCR) with 96 deals and Pune with 33 deals.

5 months ago

Mumbai Emerges As The Most Expensive Market, While Bengaluru and Delhi NCR See Slowdown

ABP News

Rents for office spaces in major cities have soared past pre-pandemic levels, with Mumbai emerging as the most expensive market. The weighted average quoted office rental in Mumbai touched Rs 151.60 per square foot per month during the July-September quarter, up 6 per cent from 2019. However, industry experts expressed concerns regarding the slump in growth in certain key markets …

6 months ago

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand

Hindustan Times

The July-September quarter of 2024 recorded a 31% year-on-year growth in office leasing, pushing the tally to 17.3 million square feet across the top six cities, a report by property consultancy Colliers said on September 26. Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand Bengaluru and …

6 months, 1 week ago

Table Space to add 9 mn sq ft to its portfolio in the next three years, invest ₹4,500 crore towards expansion plans

Hindustan Times

Premium managed office solutions provider Table Space is looking to nearly double its footprint with a 9 million square feet addition to its portfolio over the next three years, taking the total space take up to over 18 million square feet, company co-founder and president Kunal Mehra said in an interview with HT.com. Table Space plans to add 9 million …

6 months, 1 week ago

5 factors that make Bengaluru and Hyderabad leading hubs for global capability centres

Hindustan Times

Bengaluru and Hyderabad collectively accounted for over 60% of the office leasing undertaken for GCCs across the top six cities in India between 2022-H1 2024, as per a recent report by property consultancy CBRE. 5 factors that make Bengaluru and Hyderabad leading hubs for global capability centres A report by real estate consultant Colliers, also found that the average transaction …

6 months, 2 weeks ago

Bengaluru leads in large office space leasing, transaction volumes touch 4.5 mn sq ft in H1 2024

Hindustan Times

Transactions for office spaces above 100,000 sq ft recorded a substantial YoY growth of 54% in the first half of calendar year 2024 from 10.18 mn sq ft in H1 2023 to 15.69 mn sq ft in H1 2024. Bengaluru’s large office spaces contributed 53% to the city’s total commercial transaction volumes, amounting to 4.5 million sq ft followed by …

6 months, 2 weeks ago

315Work Avenue leases additional 56,000 square feet office space in Pune

Hindustan Times

Coworking space provider 315Work Avenue has leased an additional 56,000 square feet of office space in International Tech Park Pune to take its overall space take-up in the facility to 1 lakh square feet, the company said in a statement. 315Work Avenue leases additional 56,000 square feet office space in Pune 315Work Avenue now has a total of 12,000 seats …

6 months, 2 weeks ago

BHIVE Workspace leases 77,000 sq ft office space in Bengaluru for ₹8.5 cr pa

Hindustan Times

Bengaluru-headquartered managed office space provider BHIVE Workspace has leased 77,000 square feet from Address Maker on CMH Road in Indiranagar, the company said in a statement on September 9. BHIVE Workspace leases 77,000 sq feet office space in Bengaluru for yearly rent of ₹ 8.5 crore Address Maker is a Bengaluru-based real estate player with a portfolio spanning 5 million …

6 months, 3 weeks ago

Led by Bengaluru, flexible office space supply touches 58 mn sq ft by H1 2024

Hindustan Times

The flexible workspace footprint across the top eight cities in India has touched 58 million square feet as of H1 2024, a joint report by Cushman & Wakefield and Table Space has said. Led by Bengaluru, flexible office space supply touches 58 mn sq ft by H1 2024 According to the report, the first six months of 2024 added over …

6 months, 3 weeks ago

Co-working firm Urban Vault leases 1 lakh square feet office space in Bengaluru

Hindustan Times

Managed co-working firm Urban Vault has leased 1 lakh square feet of office space in Bengaluru from real estate company Brigade Group in order to expand its business and meet the rising demand for managed workspaces from domestic and global companies. Co-working firm Urban Vault leases 1 lakh square feet office space in Bengaluru The new facility located in Brigade …

7 months, 1 week ago

Bengaluru tops industrial and logistics leasing at 3.4 mn sq ft in H1 2024, up 70% YoY

Hindustan Times

Bengaluru recorded a almost 70% year-on-year surge in industrial and logistics leasing during the January-June period of the ongoing calendar year at 3.4 million square feet. Bengaluru tops industrial and logistics leasing at 3.4 mn sq ft in H1 2024, up 70% YoY Meanwhile fresh supply during the six-month period was recorded at 3.2 million square feet, per the report. …

7 months, 2 weeks ago

Bengaluru tops flexible office stock in Asia Pacific region, Delhi-NCR on second spot: Report

Hindustan Times

Bengaluru tops the list of 20 Asia Pacific cities with the highest flexible office stock at 15.5 mn sq ft in the APAC region, including Shanghai, Seoul and Tokyo. Delhi NCR ranks second in the city list with a total stock of 10.7 mn sq ft of flexible office space, a report by CBRE has said. Bengaluru tops flexible office …

7 months, 3 weeks 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 …

8 months ago

Hyderabad Office Space Market Takes Flight: 5 Million Square Feet Leased in H1 2024

The Hindu

Hyderabad office space market is trending very high, all set to draw more demand from national and international companies. According to the report in Hyderabad Office Space Market, the IT-BPM industry remained on the top with a 36 % market share in gross leasing whereas BFSI took a rapid growth with 29 % shares of the total leasing space in …

8 months 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 …

8 months ago

Bengaluru tops housing sales and launches pan India in Q2 2024, ₹1-3 crore homes capture 63% of new launches

Hindustan Times

Bengaluru has emerged as the premier residential real estate market in India with 18,548 housing units sold and 16,537 homes launched during the April-June period of the ongoing calendar year, according to JLL Research. Bengaluru tops housing sales and launches pan India in Q2 2024 The IT capital accounted for approximately 21% of the total residential launches and around 23% …

8 months, 2 weeks ago

Bengaluru’s office space stock to become highest in India by 2030

The Hindu

Bengaluru office stock is set to touch 330-340 million sq. Technology, Engineering & Manufacturing, and BFSI sectors are expected to be primary demand drivers, while life sciences, aviation, and automobile are likely to be emerging drivers, according to the analysis. Technology, engineering & manufacturing and BFSI sectors are expected to be the main demand drivers of office space while life …

8 months, 3 weeks ago

Office market touches 34.7 mn sq ft transactions in H1 2024; may double by year end on the back of demand from IT firms

Hindustan Times

Office space market across the top eight cities in India recorded its highest ever transaction volume in a half yearly period at 34.7 million square feet in H1 2024. Vacancy rate reduced to 15.6% The office market witnessed 25.1 mn sq ft of space completions in H1 2024. Though GCC recorded a mark-up in its share, India Facing Business continued …

8 months, 3 weeks 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 …

9 months, 1 week ago

Top Indian Cities See 50% Drop In Rental Growth As Housing Supply Rises

News 18

With more supply hitting the top 7 cities’ markets, overheated housing rents are stabilising. Latest Anarock data shows that average residential rental prices across key markets in these cities saw a 2-4% quarterly rise in Q2 2024 to date over the preceding quarter. Sohna Road and Dwarka saw their respective quarterly rents increase by 3% and 2% in Q2 2024; …

9 months, 3 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 …

9 months, 3 weeks ago

Google leases new office in Bengaluru for ₹4 crore monthly rent: Report

Hindustan Times

Google leased 649,000 square feet of office space in Alembic City, Whitefield, Bengaluru, it was reported. Ltd. renewed its lease for 600,000 square feet of office space in Hyderabad, it added. Google also agreed to lease 1.3 million square feet of office space from Bagmane Developers in Bengaluru, the report claimed. Since 2020, Google has expanded its office space portfolio …

10 months, 1 week ago

Table Space takes on lease 13.5 lakh sq ft of managed office space in Bengaluru, Chennai, Mumbai and Hyderabad

Hindustan Times

Managed office solutions provider, Table Space, has taken on lease more than 13.5 lakh sq ft of managed workspace across Chennai, Mumbai, Hyderabad and Bengaluru on the back of increasing demand from corporates. Table Space has taken on lease more than 13.5 lakh sq ft of managed workspace across Chennai, Mumbai, Hyderabad and Bengaluru on the back of increasing demand …

11 months ago

Office leasing records 16.7 mn sq ft in Q1 2024, witnessing a 20% growth y-o-y

Hindustan Times

Despite global uncertainties stemming from uneven economic scenarios and geopolitical tensions, the first quarter of 2024 witnessed office leasing activity of 16.7 mn sq. ft in India, a 20% increase year-on-year even as office space absorption across India’s six major cities is likely to register around 61 mn sq ft in 2024, according to international real estate advisory firm Savills …

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1 day, 1 hour ago

Microsoft pulls back from more data centre leases in US and Europe, analysts say

The Hindu

Microsoft has abandoned data centre projects set to use 2 gigawatts of electricity in the U.S. and Europe in the last six months due to an oversupply relative to its current demand forecast, TD Cowen analysts said on Wednesday. The tech giant's withdrawal from new capacity leasing was largely led by the decision not to support additional training workloads from …

Microsoft Ai Meta Data Centre Td Cowen

4 days, 16 hours ago

Housing Sales Likely To Tank 23 Per Cent In Jan-March, Bengaluru, Delhi NCR Only Exceptions To The Trend: PropEquity

ABP News

The Indian housing market experienced a notable downturn in the first quarter of 2025. Alongside declining sales, new housing supply is also projected to see a sharp fall and decline by 34 per cent to 80,774 units in the first quarter of 2025 compared to 1,22,365 units in the same period last year. City-Wise Housing Sales Performance While most cities …

Bengaluru Delhi Housing Sales Units Pti Cent

4 days, 18 hours ago