Search Results: Mumbai FSI (174)

Reports GCC Investors, Global Capability Center, RICS Report, Colliers Report, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalists

GCCs likely to account for 40% of Grade A office space demand in the next few years in India: Colliers – RICS Report

Engineering & manufacturing and BFSI occupiers to cumulatively account for ~40% of demand during 2025-27. Repositioning of GCCs as knowledge & innovation hubs will drive ~40% of annual office space demand. Bengaluru dominates demand across most sectors; Hyderabad, Chennai & Pune to gain ground. BFSI occupiers to prefer premium developments, while engineering & manufacturing occupiers are likely to remain cost conscious while expanding real estate.

Reports Office Leasing in India, Commercial Property Leasing, Office Space Leasing, CBRE Report, Anshuman Magazine, India Real Estate News, Indian Realty News, Real Estate News India, India Property Market Report, Best Property Portal, Best Real Estate Website, Real Estate Journalist

Domestic firms account for nearly 47% of total leasing during 2022-H1 2024

This strategic growth is expected to be driven by a focus on innovation as these companies seek to enhance their technological capabilities and market presence. Moreover, emerging technologies are projected to generate approximately 4.7 million tech jobs over the next five years across diverse sectors, including manufacturing, retail, education, finance, and insurance. This surge in job creation underscores the growing importance of technology across industries and highlights the need for a skilled workforce to meet the evolving demands of the digital economy.

Reports Green Building, Green Office Building, Green Office Spaces, IGBC, LEED Certified Buildings, Colliers Report, India Real Estate News, Indian Realty News, Real Estate News India, Indian Realty News, Real Estate News India, Indian Property News, Best Property Portal, Best Real Estate Website, Real Estate Journalists

Occupier interest growing in green office spaces; 75% share in H1 2024

Bengaluru and Mumbai saw the highest leasing in green-certified buildings, accounting for over 50% share in Q2 2024. About 80% of Technology as well as Engineering & Manufacturing firms prefer taking up spaces in green-certified buildings. Majority of the upcoming supply in various construction stages is expected to be green-certified, expanding green office stock to over 600 mn sq ft in next 2-3 years.

Reports AI & Robotics in Real Estate, Artificial Intelligence in Real Estate, Robotics in Real Estate, AI & Robotics in Property Market, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalist

AI & Robotics companies led absorption in the Silicon Valley of India

AI & Robotics companies accounted for 21% of Bengaluru’s absorption in Q2 2024, as per Vestian’s quarterly office market report, The Connect Q2 2024. Rapid global advancement of artificial intelligence, combined with a supportive ecosystem, has significantly driven the demand for office space in the city. Overall, IT-ITeS sector, including AI & Robotics, accounted for 69% of the city’s absorption in Q2 2024.

Reports Global Capability Centers, India Office Report, BFSI, Office Space Demand, Office Space Supply, Office Space Absorption, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Real Estate News Website, Best Property News Website, Real Estate Journalists

Global Capability Centres drive office leasing in Jan-Jun’24 period with a 37% share

Development completions of about 13.2 mn. sq. ft. was witnessed in Apr-June ‘24, up by 49% Q-o-Q, and 11% Y-o-Y. Bengaluru, Mumbai and Hyderabad drove supply addition during the quarter with a cumulative share of about 69%. The non-SEZ segment dominated development completions with a share of 90% in Q2 2024. Developers continued to exhibit their efforts towards sustainability, with over three-fourths of the newly completed space during Q2 2024 being green-certified (LEED or IGBC-rated).

Reports Flexi Office Space, Office Space in India, Flexi Office Space Demand in India, Flexi Office Space Design, Flexi Office Space Cost, CBRE South Asia, Anshuman Magazine, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property News Portal, Best Real Estate News Website, Real Estate Journalists

58% of companies to expand flexible office space portfolio by 2026: CBRE Survey

The survey showed a trend towards diversification in the office sector, with a preference for expanding portfolios across multiple cities. This trend is driven by factors like a skilled workforce, improving infrastructure, cost-effectiveness, government support, and the benefits of exploring new geographies. Apart from the major cities like Bangalore, Hyderabad, NCR, and Mumbai, occupiers are particularly interested in expanding in Chennai and Pune. India’s strong economic growth is fueling investments across various sectors, leading to increased demand for diverse office space requirements. While gateway cities continue to see growth in office space demand, Pune and Chennai are witnessing a surge in both office leasing activity and new office space supply.

Reports India Office Space, India Office Space Leasing, Office Space Leasing in India, Office Space Demand in India, Office Space Supply in India, Office Space Absorption in India, Office Space Demand in India, India Office Market Report, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property News Portal, Best Real Estate News Website, Real Estate Journalists

29.4 million sqft leasing of India office market in H1 2024

Office market well placed to cross 50 million square feet of absorption in 2024, third year in a row. Q2 2024 saw 15.8 million square feet of leasing across the top 6 cities. Developer confidence remains strong with 13.2 million square feet of completions in Q2 2024. With 52% cumulative share in Q2 2024, Bengaluru and Mumbai drive India office demand. Technology and Engineering & manufacturing sectors account 45% of quarterly demand, highest flex space activity in any quarter.

Reports Office Space Demand, Office Space Supply, Office Space Absorption, Grade A Office Spaces, India Real Estate News, Indian Realty News, Real Estate News India, India Property Market News, Commercial Property Demand, Best Property Portal, Best Real Estate Website, Real Estate Journalists

India’s Grade A office space demand projected to cross 70 million square feet in 2024: CREDAI – CRE Matrix Report

Nationwide, market rentals across Grade A spaces continued to increase, nearing the INR 100 per square feet milestone, with an 8.7% QoQ increase in Q1 CY 2024. The disparity between market and existing rental rates expanded to approximately 14%, signalling a robust landlord-centric market environment. Specifically, Bengaluru, Pune, and Hyderabad experienced an uptick in rental rates during Q1 CY’24 compared to the preceding quarter.

Editorial Rajat Rastogi, Provident Housing, Puravankara Limited, Affordable Housing in MMR, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Real Estate Website, Best Property Portal, Real Estate Journalists

Provident Housing bullish on large affordable market of MMR: Rajat Rastogi, CEO-West & Commercial Assets, Puravankara Limited

Provident Housing aims to stand out as a top brand in the large property landscape of Mumbai Metropolitan region (MMR). Sensing that below INR one crore housing is the most desired but least served segment of housing in the region, the developer with expertise in catering to mass housing has big plans in the pipeline across west zone. In an exclusive interview with Ravi Sinha, Rajat Rastogi, CEO-West & Commercial Assets (Pan-India), Puravankara Limited, sounds optimistic that the brand has good recall and acceptance among the home buyers of the region.

Reports Office Spaces, India Office Spaces, India Office Market, Office Absorption, Office Demand, Office Supply, India Real Estate News, Indian Realty News, Indian Property Market News, Real Estate News India, Best Real Estate Website, Best Property Portal, Real Estate Journalist

Strong start to office markets, sustained leasing activities in Q1 2024, says Vestian Report

Absorption of office spaces increased to 13.40 Mn sq ft in Q1 2024 from 11.85 Mn sq ft in Q1 2023, showcasing a  13% increase Y-O-Y, says a Vestian report. However, the absorption declined by 31% this quarter after peaking in Q4 2023. Southern cities (Bengaluru, Chennai, and Hyderabad) accounted for 61% of the Pan-India absorption in Q1 2024 its share increased from 54% a year earlier.

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