Capability Centres News Today

The number of female professionals opting for freelance roles surged, with a 300% increase in female consultants in India in FY24 over FY22, as per data from Flexing It shared exclusively with ET. In FY24, global organizations increasingly looked to India for high-quality talent at lower costs, taking advantage of the countrys robust post-pandemic remote work practices.

Experts said the need for collaborating with the startups is going to be imperative as they can infuse fantastic innovation into the organisations

Around 60 percent of the total GCC leasing share in January-March 2024 was in Bengaluru followed by Hyderabad (26 percent) and Delhi NCR (9 percent). Mumbai and Pune contributed 4 percent and 1 percent each.

WhatsApp showcases tales of ancient glory, while global reports highlight Indias rankings in hunger, press freedom, and sustainable development. India ranks 40th on the GII 2023, above all BRICS nations except China.

The retail sector is expected to witness a surge, comprising 21% of total private consumption by 2034, supporting retail real estate growth. Private equity investments in real estate are projected to rise significantly, reaching USD 14.9 billion by 2034, driven by emerging sectors such as data centers, healthcare, hospitality, and co-working spaces.

Embassy Office Parks REIT leased 8.1 msf of office space in FY24, surpassing guidance by 35%, with GCCs driving over 65% of leasing. Occupancy reached 85%, with Bengaluru at 91% and Mumbai at 99%. Proposed FY25 leasing guidance is 5.4 msf. Revenue and net operating income grew 8% YoY.

The Confederation of Indian Industry (CII) and Knight Frank India report, forecasts Indias real estate sector, to reach a value of $1.5 trillion by 2034.

India Business News: India leads with over 50% of the Global Capability Centres, making it the top choice for setting up such GCCs, according to a report by ANSR consultan

Flexible space operators have become the second-largest sector in office leasing for the first time in the Jan-Mar quarter, accounting for 22% of the total 14.4 million sq ft leased. With tech and BFSI sectors leading, Indias office sector outlook remains positive, driven by growing demand and diverse segments.

Releasing its 'India Real Estate: Office and Residential Report (January-March 2024)' through a webinar on Thursday, Knight Frank India said housing prices rose in the range of 2-13 per cent annually during January-March across these eight cities - Delhi-NCR, Mumbai, Chennai, Kolkata, Hyderabad, Bengaluru, Pune and Ahmedabad. Office rent grew by 1-9 per cent.