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office spaces: MNC's India-facing ops, GCCs continue to drive demand for Indian office properties - Vimarsana News

office spaces: MNC's India-facing ops, GCCs continue to drive demand for Indian office properties

In the first quarter of 2024, India's commercial real estate market witnessed robust growth, fueled by multinational companies and global capability centers. Bengaluru and Hyderabad led leasing activity, with significant contributions from GCCs. Rents stabilized or grew, while vacancies declined to 15.8%, reflecting strong demand and limited new supply. Flexible office space operators also played a significant role, contributing 23% to total transactions.

Blackstone: 'Mukesh Ambani's Viacom18 to strike deal with Blackstone for new Mumbai HQ' - Vimarsana News

Blackstone: 'Mukesh Ambani's Viacom18 to strike deal with Blackstone for new Mumbai HQ'

Viacom18, the broadcasting unit of Mukesh Ambani, is set to lease a 400,000 square feet headquarters in Mumbai from Nucleus Office Parks, owned by Bla

'Mukesh Ambani's Viacom18 to strike deal with Blackstone for new Mumbai HQ', ET Telecom - Vimarsana News

'Mukesh Ambani's Viacom18 to strike deal with Blackstone for new Mumbai HQ', ET Telecom

Blackstone: Viacom18, known for operating TV channels and the digital streaming platform JioCinema, competes with giants like Walt Disney in the Indian market. The forthcoming headquarters will encompass approximately eight floors within the "One International Center" complex, strategically located in Mumbai's bustling business district of Lower Parel.

Nucleus Office Parks Hosts Annual ESG Summit and Unvils Sustainability Report - Vimarsana News

Nucleus Office Parks Hosts Annual ESG Summit and Unvils Sustainability Report

Nucleus Office Parks (“Nucleus”) hosted its second annual Environmental, Social, and Governance (ESG) Summit

HDFC Bank leases office space in Mumbai for 5 years; starting rent Rs 1.62 crore per month - Vimarsana News

HDFC Bank leases office space in Mumbai for 5 years; starting rent Rs 1.62 crore per month

Spread over two commercial towers of Blackstone-backed Nucleus Office Parks’ One International Centre in Lower Parel, it has a usable area of 64,337 sq ft.