Indialand Global Tech Park’s Post

In Q1 2023, major Indian cities saw strong demand for office space, led by Bengaluru (2.0 million sq. ft.), Hyderabad (1.8 million sq. ft.), and NCR (1.89 million sq. ft.). Coworking spaces made up a significant portion of this demand, particularly in NCR (32%), Bengaluru, Hyderabad, and Chennai (26% each). This trend highlights the growing preference for flexible work environments across key IT/ITeS hubs and financial centers. Overall, the data underscores a robust office space market across major Indian cities, with a significant shift towards coworking spaces, particularly in IT/ITeS hubs and financial centers. #realestate #fractionalownership #smreit #MumbaiRealEstate #DelhiRealEstate #BengaluruRealEstate #JLLReport #PropertyShare #IndiaInvestment #RealEstateTrends #FutureInvestments #punerealestate #chennairealestate #hyderabadrealestate #coworkingspaces #realestate #commercialrealestate #commercialleasing #leaseterminology #realestateagent

Flex Spaces Are the New VIP—Everyone Wants In! . . Flex workspaces are blowing up and here’s how the top cities are stacking up: - Mumbai: Flex workspaces are at a massive 94% occupancy - NCR: Close behind with 92% occupancy - Bengaluru: Strong at 86% occupancy - Hyderabad: Flexing with 84% occupancy And it doesn't stop there—flexible space providers have leased a whopping 52.9 million sq. ft. from 2017 to mid-2024, growing at a 22% annual rate! In just the first half of 2024, they've grabbed 7.17 million sq. ft., making up 21% of total office space deals. Flex is not just a trend, it's the future! #FlexWorkspaces #RealEstateBuzz #Officespacesnearme #coworkingspace #managedofficespace

🚀 India’s Office Space Market Hits New Heights! With over 70 million sq. ft. of absorption expected this year, cities like Bengaluru, Delhi-NCR, and Mumbai are driving the surge—powered by tech, flexible workspaces, and BFSI demand. 🌟🏢 #IndiaRealEstate #OfficeSpaces #WorkspaceDesign #Bengaluru #DelhiNCR #Mumbai #CommercialRealEstate #FlexibleWorkspaces #TechSector #BFSI #UrbanGrowth #KaisharInsights ✨📊

Since the pandemic, the demand for flexible workspaces has been on the rise in India, and it's exciting to see the numbers! In 2021, about 85,234 workstations were filled in major cities. By 2023, that number jumped to 155,000! And already in the first half of 2024, we've seen over 106,000 workstations taken up. This shows how companies are changing the way they work and adapting to new needs. It's clear that flexible workspaces are here to stay, and I can’t wait to see how this trend continues to grow!

From surging demand to being the second-largest occupier of office spaces, BFSI's growth is fueled by rapid technological advancements, a robust talent pool, and evolving market dynamics. With global players leading the charge and cities like Mumbai, Bengaluru, and Hyderabad dominating leasing activity, the future of this sector looks brighter than ever. Check out how this dynamic industry is shaping the future of office spaces in India! #BFSI #OfficeSpaces #RealEstate #IndiaGrowth #CommercialRealEstate #Innovation

The Indian office space market is experiencing a boom, with Bengaluru and Hyderabad leading the charge. According to a recent Times of India article, these two cities accounted for over half of India's office space leasing activity in Q1 2024. This marks a significant shift from the past four years when Delhi NCR and Bengaluru dominated 59% of the market. So what factors have contributed to the rise of office space demand in Bengaluru and Hyderabad? Hyderabad's comparatively affordable prices and pro-business environment are attracting a surge of companies, particularly in the tech and IT sectors. Bengaluru, long established as a major tech hub, continues to see strong demand due to its talent pool and vibrant startup ecosystem. It is important to note that while Bengaluru and Hyderabad are at the forefront, other major cities like Mumbai and Delhi NCR are also showing positive growth. This indicates a pan-India revival of the office space market, post-pandemic. To know more about this real estate boom, read the detailed article by Times of India pinned in the comments. #realestate #officespace

🌟 India's Office Space Boom: 2024 Ends with Record Growth! 🌟 The commercial real estate sector in India is soaring high! With 66.4M sq ft of leasing activity across the top 6 cities, the market has reached new milestones. 📌 Bengaluru takes the lead with a record 21.7M sq ft, setting a benchmark in office space leasing. 📌 Hyderabad & Mumbai continue to scale up with robust demand and supply. 📌 New supply of 50M sq ft ensures stable vacancy levels, reflecting market resilience and economic strength. Key drivers include multinational corporations establishing global capability centers and the rising demand for flexible workspaces. As we close 2024, the commercial property market stands as a testament to India's dynamic growth story. 🚀 . . . #OfficeSpaceBoom #RealEstateIndia #CommercialRealEstate #OfficeLeasing #BengaluruGrowth #HyderabadRealEstate #MumbaiMarket #FlexibleWorkspaces #EconomicGrowth #RealEstateTrends #MarketResilience #PropertyInvestments #2024GrowthStory

Across the top 6 cities, office leasing jumped 8% YoY in Q2 2024, signifying healthy commercial real estate demand. While cities like Mumbai and Delhi-NCR maintain their growth trajectory, the South Indian cities of Hyderabad, Chennai, and Bangalore are also emerging to be CRE hubs. Previously known for being IT hubs, these South cities have been witnessing steady growth of several other sectors including manufacturing, engineering and automobile, and collectively accounted for 62% of overall office leasing in Q1 2024.   Across the metro cities, infrastructure upgrades have improved connectivity and accessibility, allowing new micro markets to emerge and thrive. The modern office complexes and business parks offer global amenities, and are no longer lackluster workplaces but sanctuaries of collaboration, productivity and holistic well-being.   I shared a few insights on drivers impacting the growth of commercial real estate in the present Indian landscape. #India #officemarket #realestate #realestateindia #occupiers #CRE ANIRBAN GUPTA Apoorve Dalal Om Ahuja Animesh Tripathi Kishore Veeraghattam Kunal Chhabra Prashant Sharma Ajeet George B Arshish Kavarana

Incuspaze lease 1,00,000 Sq.Ft office space in HQ27 in Gurugram Incuspaze, a coworking space provider leases 1,00,000 sq.ft at HQ27 in Gurugram. Their main aim is to raise $25 million pre-IPO. Their expansion reflects the time of the Indian booming market, especially in Delhi. This coworking space is planning further growth, targeting 2 million Sq.Ft by 2025 Incuspaze, a coworking space looking to raise $25 million in a pre-IPO funding round ahead of its public listing next year, has taken up 1,00,000 Sq.ft of office space at HQ27 in Gurugram. HQ27 can accommodate over 1500 seats. This expansion not only shows guru grams growing commercial potential but also offers global business. This boasts a portfolio of 4 million Sq.ft. with a presence in 18 cities across India. In 2024, Incuspaze expanded its footprint by adding 2.01 million sq. ft. of office space across key cities, including Noida, Mumbai, Jaipur, Pune, Chennai, Ahmedabad, Bengaluru, and Gurugram. The company aims to acquire an additional 2 million sq. ft. by investing ₹100 crore by December 2025. Gurugram is a thriving hub for business, due to its excellent connectivity, modern infrastructure, and business-friendly policies. #Delhi #Gurugramnews #commercialpropertynews #Coworkingspace #gitinsuri #rpgestate

India's office market saw its best performance ever in early 2024- 33.5 Million Sq Ft, thanks to a surge in leasing across major cities. Calendar Year likely to record 65 million Sq. Ft. plus. Bengaluru, Hyderabad, and Mumbai are leading this trend with significant increases in lease renewal & expansion’s , indicating strong market confidence. The shift from rigid long-term lease commitments to more flexible terms has made it easier for businesses to adapt to changing economic landscapes and workspace needs. This flexibility, often manifesting as moderated rental rates and less stringent lock-in periods, is not only retaining existing tenants but also attracting new ones. As s businesses continue to adapt and grow, the landscape of Indian office spaces is set to expand and diversify, promising a dynamic future for the market. https://lnkd.in/deVzeUtw #India #Office #Sector #RealEstate #GetRealWithSanjay