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hyderabad: Hyderabad office sector to witness an addition of 35-38 mn sq ft of investment-grade business parks by 2023-25

The city s investment-grade office stock surpassed 100 million square feet in 2022 and crossed 119 million square feet by the end of the Jul-Sep 2023, quarter, a significant increase of 63% from 73 million sq. ft. stock in 2019. Hyderabad stood among the top 3 cities dominating office space leasing in Jan-Sep23 at 6.6 mn. sq. ft., with 35% y-o-y, increase. Key sectors that drove absorption included Life sciences, BFSI and technology.

Data centres in India to cross 1,300 MW capacity by 2024 end; Mumbai, Delhi-NCR, Chennai to dominate 80% share

Data centres in India to cross 1,300 MW capacity by 2024 end; Mumbai, Delhi-NCR, Chennai to dominate 80% share
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india: India s data centre market attracts investment commitments of USD 35 billion since 2018

Investment commitments in data centre segment during Jan-June this year account for 60% of the total $35 billion of proposals received since 2018, shows CBRE report.

Global Capability Centres to lease 60-62 million sq ft space in 2023-25 across top six cities: Report, ET RealEstate

Global Capability Centres are now leasing larger offices with the potential to scale up in the future. Availability and cost of talent, real estate, and supporting regulatory framework aid GCCs expansion in India.

India office space: Global Capability Centres boost office space demand across Indian cities

India offers the best cost and talent attractiveness score among the top emerging GCC hubs including Brazil, Chile, China, Czech Republic, Hungary, Philippines, and Poland. By 2025, it is estimated that there will be 1900 operational GCCs in the country from the current 1580. Similarly, the number is expected to reach 3,000 by 2030 with GCCs employing over 3 million workforce, up from 1.3 million

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