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

Published: April 4, 2024

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.

Source: indiatimes.com

Global capability centers' share in office space deals rises substantially in 2023

Published: January 4, 2024

The office space transaction volume of GCCs recorded a 58% rise in 2023 at 20.8 million sq ft from 13.2 million sq ft in 2022. Chennai witnessed the highest GCC focussed transactions at 6 million sq ft, followed by Hyderabad at 4.1 million sq ft, showed a Knight Frank India study.

Source: indiatimes.com

Nucleus Office Parks Hosts Annual ESG Summit and Unvils Sustainability Report

Published: August 29, 2023

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

Source: hindustantimes.com

Nucleus Office Parks becomes largest LEED v4.1 Operations and maintenance certified office portfolio in India

Published: May 17, 2022

Nucleus Office Parks, the operating platform for Blackstone Real Estate wholly-owned offices in India, is now the country largest office portfolio to have r

Source: laosnews.net