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India’s Office Market to Surpass 1 Billion Sq Ft: Report

NEW DELHI: A recent report by Knight Frank India indicates that India’s total office stock will exceed one billion square feet by Q3 2025. The report reveals that the cumulative office space in the top eight Indian cities was 993 million sq ft as of H1 2025. From less than 200 million sq ft in 2005, the office supply has experienced a compound annual growth rate (CAGR) of 8.6%, approaching one billion sq ft by 2025. Bengaluru currently leads with 229 million sq ft, representing 23% of India’s total office stock. It is followed by the National Capital Region (NCR)…

CapitaLand sells Gurugram office for ₹2,050 crore to EAAA

Representative Image Singapore-based CapitaLand has sold a 1.9 million sq ft commercial property located in Gurugram to EAAA Alternatives for ₹2,050 crore. This move is part of CapitaLand’s strategy to generate capital through significant asset divestments and to enhance its portfolio. According to a source familiar with the matter, “CapitaLand’s strategic exits reflect the changing demand dynamics in India’s office market, where hybrid work trends and selective tenant preferences are redefining valuations and capital movements.” The property, known as International Tech Park in Gurugram, is home to prominent tenants such as Optum, Stryker, and Zomato. This year, CapitaLand India Trust…

Mumbai: Wadala CBD Auction Soon as BKC Saturates

Representative AI image MUMBAI: With the land bank in BKC now fully sold, the MMRDA is set to initiate the auction of plots in Wadala, the city’s upcoming third central business district (CBD), spanning 156 hectares. MMRDA Commissioner Sanjay Mukherjee informed TOI that the auction process will kick off within the next two months. “Wadala’s development has been incorporated into the economic master plan jointly created by Niti Aayog and MMRDA. MMRDA is proceeding with the development of Wadala, expected to commence in the next two to three months,” he stated. To sustain the upward trend in real estate prices,…