Why India Office Realty Is Pepping Up Amidst Global Doom
Marquee global names rush to invest in commercial real estate as economy picks up.
office space
February 2024
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India to have 1,900 global capability centres by 2025: CBRE
The leasing activity will be driven by technology, BFSI, engineering and manufacturing sectors.
Consistent demand for office space from life sciences sector: CBRE
Total cumulative office space taken up by life sciences firms stood at 8.6 million sq. ft between 2019-22 and is largely concentrated in Bangalore, Delhi-NCR and Hyderabad
WeWork India raises funds from BPEA Credit
The funds will be used for future growth and potential consolidation opportunities.
Office space vacancy highest in Delhi-NCR; lowest in Pune: Report
Pune currently has the lowest office space vacancy at 8.5%, with significant demand coming from the information technology sector.
Indian startups may lease 29 mn sq ft office space during 2022-24
PhonePe is planning to considerably expand its office spaces across cities as it will more than double its employee base to around 5,500 by the end of the year, says a company spokesperson.
Hybrid here to stay; only 40% office space needed: Tech Mahindra's CP Gurnani
Hybrid work model has also allowed companies to save up on real estate costs and even onboard talent from tier two and three cities at cheaper rates.
What work from home? It’s back-to-office time
In India there are many factors at play which makes the office critical for companies and employees. That said, Covid-19 has irreversibly changed the way companies and people view the office.
A third REIT from India’s office market
Canada's Brookfield Asset Management, with real estate assets under management worth $6.6 billion in India, is expecting to shore up ₹3,800 crore from the public market by listing the Brookfield REIT.
Back to the office
The IT/ITeS, e-commerce, healthcare, and FMCG sectors have propped up the office real estate market, which is expected to record a net absorption of 32 to 35 million sq.ft. by the year end.
