Tag: Cushman & Wakefield

CommercialLatest Stories

Office Vacancy Drops to 13.85% in Q1 2026: Report

Representative AI image NEW DELHI: According to a report by Cushman & Wakefield, India’s office market vacancy rate has dropped to 13.85% in the January-March quarter of 2026, falling below 14% for the first time since the pandemic. This decline is attributed to robust demand from occupiers and limited new supply. Vacancy levels decreased by 48 basis points quarter-on-quarter and 191 basis points year-on-year, marking the eleventh consecutive quarter of decline. The reduction in vacancy was largely due to consistent leasing across various sectors and a decline in new completions, which fell to 8.8 million sq ft in Q1 2026,…

IndustryLatest Stories

Bhumika Realty Secures ₹170 Crore for Faridabad Project

NEW DELHI: Bhumika Realty has secured ₹170 crore from the joint real estate credit platform of Aditya Birla Sun Life AMC and BGO for its mixed-use project in Faridabad. The funds will be allocated towards construction expenses, advancing development efforts, and covering working capital needs. Cushman & Wakefield served as the transaction advisor for this deal. In June 2022, Aditya Birla Sun Life AMC and BGO announced their partnership to create a structured credit investment vehicle. To date, this platform has committed USD 130 million across thirteen projects in six cities, aiming for a total of $1 billion in deployed…

CommercialLatest Stories

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…

IndustryLatest Stories

Hyderabad: Interest Grows in Neopolis Kokapet Phase-III Auction

Representative AI image HYDERABAD: Over 85 developers and real estate firms are interested in the upcoming four-day e-auction for Neopolis, Kokapet Phase-3, scheduled for the third week of November. The Hyderabad Metropolitan Development Authority (HMDA) held pre-bid discussions with potential bidders and companies on Monday. HMDA plans to auction plots in Neopolis, Kokapet, and the Golden Mile layout on November 24, 28, and December 3, 5, offering two plots each day. During a nearly two-hour session, HMDA Commissioner Sarfaraz Ahmad clarified the e-auction process, compliance, zoning laws, and payment methods, addressing questions from bidders. Cushman & Wakefield highlighted Hyderabad’s robust…

CommercialLatest Stories

Google Secures 617,000 Sq Ft Office in Gurugram

NEW DELHI: Google, the American tech powerhouse, has secured a lease for 617,000 sq ft at Atrium Place Gurugram, a collaboration between DLF and Hines. This deal stands out as one of the largest office space transactions this year, according to two sources familiar with the matter. Details regarding the lease duration and financial arrangements remain undisclosed. This agreement follows Google’s prior lease of 550,000 sq ft at a commercial complex in Gurugram through managed workspace provider Table Space. “Google is deeply committed to India and is expanding its office spaces accordingly,” one of the sources noted. “The company has…

CommercialLatest Stories

Net Office Leasing Jumps 35% in Top 8 Cities: C&W

Certainly! Here’s a rewritten version of the provided content: — NEW DELHI: Net leasing of office spaces rose by 35% across eight major cities in the July-September quarter, reaching 16.25 million sq ft, driven by increased demand from both domestic and international companies, as reported by Cushman & Wakefield. According to data from the real estate consultant Cushman & Wakefield, office space leasing experienced growth in cities such as Delhi-NCR, Chennai, Hyderabad, Pune, Kolkata, and Ahmedabad. However, Mumbai and Bengaluru saw a decline in net demand. Net absorption, a crucial measure of real estate demand, reflects the net change in…

CommercialLatest Stories

Keppel to sell Chennai’s One Paramount office park for ₹2,750 crore

Representative image Singapore-based Keppel plans to sell its One Paramount office park in Porur, Chennai, to Prime Offices Fund, managed by Nuvama Asset Management and Cushman & Wakefield (NCW), for approximately ₹2,750 crore, according to sources familiar with the issue. This development highlights the growing investor interest in India’s expanding office market. One Paramount spans 2.4 million square feet and is a Grade-A tech park hosting global tenants like Genpact, Maersk, UPS, VMware, and Hitachi Energy. The property is part of a 12.6-acre development. “The transaction not only showcases the asset’s institutional quality and high occupancy rates but also empowers…