Page 5 - Office Spaces

Office space emerging as darling of private equity investors in India

Office space is getting the lion's share of investments by PE investors into the sector, experts suggest this trend is likely to continue in the coming months

As employees return to office, more companies opting for flexible offices

A survey by property consultancy CBRE revealed that 47% of companies want to increase the use of flexible office spaces over the next 12 months

73% Gen-Z employees say physical workplace improves effectiveness: Report

Apart from getting the work done, socialising and getting access to learning opportunities were the other two factors why Gen-Z believes working from the office is better

India's running offices present a $61 bn listing opportunity via REITs: JLL

Among top-7 cities, Bengaluru leads office space with 32% share, followed by Delhi NCR (15%) and Mumbai (14%)

AIPL gives on lease 70,000 sq ft space to corporates in South Delhi

Realty firm Advance India Project Ltd (AIPL) has provided on lease about 70,000 square feet of prime office space at its commercial project in South Delhi to corporates. The project 'AIPL Legacy', located at Okhla, is a joint venture between AIPL Group and Shyam Spectra Pvt Ltd (SSPL). The total leasable area in this project is 88,522 square feet. SSPL owns the land while AIPL has invested about Rs 32 crore for the construction and development of the project. AIPL said in a statement it has leased out office spaces to companies like Orient Electric, Atria Convergence Technologies (ACT), Dormakaba India Pvt Ltd and law firm Bharucha & Partners. "The strategic location of the project in the heart of South Delhi, where there is a scarcity of Grade A+ office space, has resulted in strong demand, said Ishaan Singh, Director, AIPL Group. Gurugram-based AIPL has delivered 60 projects across various cities. It has so far delivered over 7 million square feet of office spaces, 3.7 million ..

Office space absorption at 14 mn sq ft in Q1 2023, falls 11% YoY: Study

Bengaluru, Delhi-NCR and Chennai together account for two-thirds of quarterly demand

TMS Ep414: SC fraud ruling, office spaces, markets, overseas citizenship

Why does SBI want SC to clarify its fraud account ruling? Will Indian offices get repurposed as apartments? Are logistics stocks worth your money? What is Overseas Citizenship of India? Answers here

Office space demand for properties larger than 100,000 sq ft high: Report

NCR, Ahmedabad, and Mumbai witnessed higher demand for offices sized between 50,000 and 100,000 square feet

Office space leasing may fall 25-30% this year in top 6 cities: Report

Leasing of office space across six major cities may fall by 25-30 per cent this calendar year to 35-38 million square feet on subdued demand, according to Colliers India and FICCI. Property consultant Colliers India and industry body FICCI released a report 'Emerging Trends and Opportunities in Office Sector - 2023'. Gross office space leasing rose to 50.3 million square feet in 2022 across six cities from 32.9 million square feet in the previous year on better demand. These six cities are Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Chennai and Pune. The report said that in an optimistic scenario, India's office sector is likely to see about 35-38 million square feet of gross leasing in 2023. The consultant expects that the economic headwinds would ease and not cause a significant dent to overall occupiers' confidence. It expects a significant increase in leasing in the latter half of this year with corporates likely to close leasing decisions that were put on hold temporarily. On

Square Yards raises Rs 112 cr from HNIs for office space in Hyderabad

Proptech firm Square Yards, which recently entered into the business of helping investors in having fractional ownership of commercial properties, has raised Rs 112 crore from high net-worth individuals for the purchase of over 1 lakh square feet office space in Hyderabad. This is the first property being offered by the company to investors for fractional ownership, said Square Yards which is mainly in the property and loans brokerage business. PropsAMC, the asset management services and data intelligence arm of Square Yards, has raised Rs 112 crore for its first Grade A commercial project in Hyderabad, according to a statement issued on Sunday. The project is Square Yards' maiden venture into the fractional product category, with an average investment of Rs 40 lakh from a pool of over 250 investors. This over Rs 100 crore AUM (asset under management) milestone is a testament to the unbridled faith reposed by investors on our platform... " said Tanuj Shori, founder and CEO of Squar

Sunteck Realty leases commercial space to Upgrad, to make Rs 2,000 cr

Upgrad will be paying starting rentals of close to Rs 300 per square feet per month on carpet area basis

Indian realty got $5.2 bn institutional investment in 2022, up 19%: Study

Warehousing, data centres will attract institutional investments in 'years to come', says JLL

Offices absorb Covid-19 pandemic shock in 2022, post 3-year growth record

According to industry reports, southern cities, especially Bengaluru, Chennai and Hyderabad, are emerging as leading hubs in office space leasing owing to robust demand from tech and flex players

Global slowdown could dent office space demand in H1 2023 after strong 2022

Demand from domestic companies will, however, lend stability to the market

Office leasing dips 13% MoM to 5.8 mn sq ft in Nov, up 60% YoY: JLL study

Experts cite global headwinds for the month-on-month dip

SpaceX puts 40 OneWeb satellites into orbit from Kennedy Space Centre

This is OneWeb's 15th launch till date and second since it resumed its campaign with a launch from India in Oct

Start-ups to take up nearly 30% of gross office leasing in 2022: Study

Bengaluru leads in terms of space leased by such companies, says JLL report

Flex spaces in demand as 35-40% of firms prefer hybrid working: Awfis study

Survey finds that 45% of companies are looking for new office spaces including conventional and flexible ones, 35% have adopted a multi-office approach by collaborating with co-working spaces

Bengaluru sees highest office rental growth across APAC; rent up 12.1 pc

Office rent in Bengaluru rose 12.1 per cent year-on-year in July-September this year, the highest in the Asia Pacific region, according to Knight Frank. In its Asia-Pacific Prime Office Rental Index for Q3 2022, property consultant Knight Frank said that Bengaluru topped the list with 12.10 per cent y-o-y (year-on-year) growth in office rentals in Q3 (July-September) 2022. Mumbai was at the 3rd rank in the index, recording 7 per cent y-o-y growth in office rentals, followed by Delhi-NCR at 14th rank, which remained stable during the period. Jakarta was in the second position with a 10.90 per cent growth in office rent. Taipei stood at fourth rank with a 5.50 per cent increase in rent, followed by Singapore with a 5.3 per cent rise, Brisbane with a 3.9 per cent appreciation and Seoul with a 3.7 per cent rise. Sydney ranked 8th with a 3.40 per cent rent increase, while Perth was at 9th position with 2.4 per cent rental growth and Shanghai at 10th rank with 1.9 per cent ...

Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence

Signs up new leases for 335K sq ft space in Mumbai, Bengaluru, Pune and Noida