Tag: Bengaluru office space

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Embassy to Invest ₹1,500 Crore in 3M Sq Ft Office Space in Bengaluru

NEW DELHI: Embassy Developments is set to invest ₹1,500 crore in the construction of a 3 million sq ft office complex in Bengaluru, aligning with its aim to diversify income streams from commercial properties. The firm primarily operates in the housing sector, with a notable presence in Bengaluru, the Mumbai Metropolitan Region (MMR), and Delhi-NCR. In an interview with PTI, Managing Director Aditya Virwani emphasized that while the residential business remains a priority, the company plans to develop office spaces to generate rental income. Virwani noted that a significant 35-acre office complex will be built in Bengaluru, totaling 6 million…

CommercialLatest Stories

Knowledge Realty Trust to invest ₹700 crore in Bengaluru office space

NEW DELHI: Knowledge Realty Trust (KRT), a realty firm, plans to invest Rs 700 crore over the next three years to develop 1.4 million sq ft of office space in Bengaluru as part of its expansion strategy, according to a company executive. KRT is a real estate investment trust (REIT) backed by the Sattva Group and investment firm Blackstone. In an interview with PTI, KRT’s CEO, Shirish Godbole, stated that the company is actively pursuing the acquisition of prime office assets to drive organic growth. Godbole noted that KRT is performing well and expects to maintain its growth momentum in…

CommercialLatest Stories

WeWork India to add 4,100 desks in Bengaluru with ₹60 crore

NEW DELHI: WeWork India Management has finalized two lease agreements in Bengaluru to enhance its flexible workspace offerings, adding over 4,100 desks across more than 246,000 sq ft of office space, as stated in a regulatory filing. The company has secured leases for 95,351 sq ft and 151,201 sq ft of space in separate transactions, with operations expected to commence by June 2026. WeWork plans to invest around ₹60 crore: ₹28 crore for the first facility and ₹32 crore for the second, funded through a combination of internal resources and debt. This expansion will introduce approximately 1,829 desks in one…

CommercialLatest Stories

Report: India Office Leasing Reaches 86.4 Million Sq Ft by 2025

NEW DELHI: India’s office market achieved a remarkable milestone in 2025, with gross leasing volumes soaring to an unprecedented 86.4 million sq ft, reflecting a 20% year-on-year increase, as reported by Knight Frank India. The annual leasing volume not only surpassed the previous high recorded in 2024 but also exceeded the pre-pandemic figure from 2019 by 43%. Bengaluru retained its status as the nation’s largest office market, with 28.7 million sq ft leased, marking an impressive 59% year-on-year growth. Following Bengaluru were Hyderabad (11.4 million sq ft), Delhi NCR (11.3 million sq ft), Pune (10.8 million sq ft), and Chennai…

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India’s Office Space Hits 1 Billion Sq Ft in Q3 2025

NEW DELHI: The gross leasing activity in India’s office market reached 66.7 million sq ft in the first nine months of 2025, marking a 24% increase compared to the previous year, according to Knight Frank India, a real estate consultancy firm. In the third quarter of 2025 (July–September), total transactions across the top eight cities amounted to 17.8 million sq ft, reflecting a 6% year-on-year decline due to prior high performance. India achieves 1 billion sq ft office stock milestone New completions for Q3 stood at 12.4 million sq ft, falling short of demand and resulting in a decrease in…