Stay updated with breaking news from Capability Centres. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 India's 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, India's 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.