Still working from home? This 5-star office might just lure you back
8 months, 3 weeks ago

Still working from home? This 5-star office might just lure you back

Live Mint  

Bengaluru: A woman smiles and welcomes visitors entering the shiny lobby of a new office building in Bengaluru’s Embassy Manyata Business Park. As part of its upgrade plan, Nucleus Office Parks, a Blackstone group company, is launching a new, improved multi-cuisine food court format ‘The Colony’ in some of its parks. “A common adage in global real estate was: ‘If you build good quality offices, tenants/occupiers will come.’ That has significantly changed to ‘If you build, operate, and maintain well, they will stay’," said Quaiser Parvez, CEO, Nucleus Office Parks. Bengaluru-based ANSR, an existing tenant at Embassy Manyata Business Park, has taken up more office space in the ‘Rosewood’ building.

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History of this topic

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

Domestic office market surges as India becomes hub for global occupiers
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. …

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

GCCs Dominate Indian Coworking Market, with Bengaluru Leading the Charge
5 months 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.

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

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

Flex office operators to ramp up expansion, deepen tier 2 presence this year
10 months, 3 weeks ago

Flex office operators to ramp up expansion, deepen tier 2 presence this year

Live Mint  

Bengaluru: Flexible workspace providers plan to expand their footprint in top cities and enter new tier 2 markets this year, as demand from homegrown and global firms for modern office solutions grows. WeWork India, Awfis, Indiqube, IWG, 315Work Avenue among others, that offer co-working spaces and managed offices, or customized workspaces, are looking at opportunistic ways to expand as more …

Global capability centres and third-party IT service providers lease over 46% of office space in India
11 months, 1 week 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 …

Mapping India’s office spaces
1 year 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 …

Flexible Office Space Market In India Set To Cross Rs 14,000 Crore In FY24
1 year, 3 months ago

Flexible Office Space Market In India Set To Cross Rs 14,000 Crore In FY24

ABP News  

India’s flexible office space is likely to see its market size increase 60 per cent to cross Rs 14,000 crore in the current fiscal year, due to a boost in rent charged by operators per desk and portfolio expansion, a report by Upflex India revealed. The ‘Co-Working and Managed Offices Redefining the Indian Commerical Real Estate’ report by Upflex India, …

Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th
2 years, 3 months ago

Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th

Deccan Chronicle  

New Delhi: Bengaluru has the highest supply of premium flexible office space in Asia Pacific region at 10.6 million square feet, according to CBRE. As of September 2022, Bengaluru recorded 10.6 million square feet flexible stock, the highest among all major APAC cities, including Shanghai, Beijing, Seoul, Tokyo and Singapore. Out of the total premium flexible office space in Hyderabad, …

The growing popularity of flexible office spaces
2 years, 4 months ago

The growing popularity of flexible office spaces

Hindustan Times  

High-rise office buildings, swank interiors, play-cum-collaboration spaces, and a pleasant work environment create an exciting work culture. Today, employees of all business sizes can work out of premium managed office spaces with amenities ranging from tech services to stocked kitchens in a campus-like environment while being in central business districts of big cities at a fraction of the cost. The …

The new-age of workspaces
2 years, 11 months ago

The new-age of workspaces

The Hindu  

When one thinks of pre-2020 and how companies competed with one another to emerge as an employer of choice, the focus lay primarily on building office spaces in major urban centres around the world, with advanced designs and state-of-the-art workplace amenities, as they were the key selling points. At the back of this trend, corporate offices are moving to a …

Corporates' demand for flexible workspace up 73% in Jan-Jun period
3 years, 8 months ago

Corporates' demand for flexible workspace up 73% in Jan-Jun period

Business Standard  

Leasing of flexible workspace by corporates rose 73 per cent to 31,538 seats during January-June period on a year-on-year basis, with enterprises looking to save cost besides flexibility that co-working operators offer, according to a report. Top officials of coworking and managed office space operators Simpliwork Offices, Smartworks, The Executive Centre and The Office Pass observed that demand for flexible …

Feeding frenzy over flexi workspaces
6 years ago

Feeding frenzy over flexi workspaces

Live Mint  

When Shailendra Tatia interviewed for a job with Azim Premji-funded iD Fresh Food Pvt. But within that short span, offices have undergone some radical changes—from the initial dingy box-like environments, briefly interspersed by celebrated architect Frank Lloyd Wright’s vision of an open office with transparent ceilings in the 1930s, to the Mad Men-esque era of cubicle farms, and now, the …

New launches to drive commercial office space growth
6 years, 1 month 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 …

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