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Tag: bengaluru

India’s office market sees shift as domestic firms eye 65 million sq ft between 2024-2025

The Indian office market is experiencing a notable shift, with domestic companies projected to lease 60-65 million square feet of office space between 2024-2025, a significant departure from the historical dominance of global corporations, particularly those from the United StatesDuring 2022-2023, domestic firms witnessed a significant 60% increase in office space absorption compared to the…

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Bhive Leases 77,000 sq ft of office space in Bengaluru CBD

BHIVE Workspace, a leading managed office space provider, has leased 77,000 square feet of Grade-A office space from real estate development firm Address Maker at CMH Road, Indiranagar,Bengaluru.The recently leased managed office space will have over 1,500 seats and a comprehensive suite of amenities, including boardrooms, private phone booths, recreational zones, designer studios, and dedicated…

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Bangalore remains frontrunner in GCC office leasing, followed by Hyderabad Chennai

Bengaluru: Global Capability Centers (GCCs) in India have leased approximately 53 million square feet of office space in key Indian cities between 2022 and the first half of 2024, such as a highly skilled workforce, cost advantages, and favourable business conditions, according to CBRE and Zyoin’s latest report.This growth is expected to continue, especially in…

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Land deals drop 57 pc to 325 acres in Apr-Jun on high prices: Anarock

New Delhi: Land acquisitions remained muted during April-June, and only 25 deals covering 325 acres were closed during this period, mainly due to high prices and general elections, according to Anarock. In contrast, there were 29 land deals closed in the year-ago period, comprising 721 acres. Real estate consultant Anarock pointed out that the general…

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Bengaluru office stock set to touch 330-340 mn. sq. ft. by 2030, highest in India

Bengaluru has surpassed all other cities to become India’s largest and most crucial office market. The city has seen its office space more-than-double, increasing from 100 million sq. ft. in 2013 to over 223 million sq. ft. as of June 2024, giving it the highest share among Indian cities. The tech capital of India is…

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Gross leasing of office space up 8 pc to 158 lakh sq ft in Apr-Jun in top 6 cities: Colliers

Gross leasing of office space is estimated to have risen 8 per cent annually during the April-June quarter across six major cities on better demand especially in Mumbai, according to Colliers. Gross leasing of office space is estimated at 15.8 million (158 lakh) square feet during April-June as against 14.6 million square feet in the…

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Unsold housing stock up 24 per cent in top 7 cities, builders need 22 months to sell: Report

Unsold housing stocks across seven major cities have risen by 24 per cent since 2019 due to higher supply, but realty firms will take 31 per cent less time to sell these units because of high sales velocity, according to JLL India. In a report released on Thursday, real estate consultant JLL India said the…

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