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India’s Office Market Sees 61M sq ft Net Absorption in 2025

NEW DELHI: India’s office market achieved its best performance ever in 2025, with net absorption reaching 61.4 million sq ft, a 25% increase compared to the previous year, according to a report by Cushman & Wakefield. Bengaluru topped the absorption figures at 14.4 million sq ft, representing 23% of total demand. Delhi NCR followed with 10.9 million sq ft (18%). Other cities, such as Mumbai (9.6 million sq ft), Hyderabad (9.1 million sq ft), Pune (8.2 million sq ft), and Chennai (7.0 million sq ft), also showed robust leasing activity. Kolkata and Ahmedabad recorded net absorptions of 1.4 million sq…

Microsoft Leases 2.64 Lakh Sq Ft Office in Hyderabad for ₹5.4 Cr/Month

BENGALURU: Microsoft India (R&D) has finalized one of the largest office lease agreements in Hyderabad this year, securing 264,000 sq ft in the city’s financial hub. According to a registered lease document shared by Propstack, the tech giant has inked a new five-year lease with workspace provider Table Space Technologies, with the agreement set to commence on July 1, 2025. The deal encompasses the third and fourth levels of the building, with a total chargeable area of 264,000 sq ft. Microsoft will pay a base monthly rent of ₹1.77 crore at a rate of ₹67 per sq ft, while the…

Punjab to Develop Mohali as Tier-I IT Hub

CHANDIGARH: A session focused on Information Technology and IT-enabled Services took place on the final day of the Progressive Punjab Investors’ Summit 2026, positioning Punjab as a leading hub for tech investments and digital progress. During the session, Seema Bansal, vice-chairperson of the Punjab Development Commission (PDC), stated, “The Punjab government is committed to establishing Mohali as a Tier 1 town within the IT sector.” “The state administration is prioritizing key areas like governance, academia, and infrastructure to realize this vision,” she added. Bansal also noted that several manufacturing firms in the state have begun incorporating AI technologies into their…