Mumbai Office Leasing Jumps 63 per cent in Q1 2025, Led by BFSI Sector
Real Estate

Mumbai Office Leasing Jumps 63 per cent in Q1 2025, Led by BFSI Sector

Mumbai’s office space absorption rose by 63 per cent year-on-year in Q1 2025, reaching approximately 2.9 million sq ft, driven primarily by the BFSI sector, which accounted for 53 per cent of leasing, according to CBRE South Asia. Nationally, office leasing hit 18 million sq ft, led by Bengal...

Mumbai’s office space absorption rose by 63 per cent year-on-year in Q1 2025, reaching approximately 2.9 million sq ft, driven primarily by the BFSI sector, which accounted for 53 per cent of leasing, according to CBRE South Asia. Nationally, office leasing hit 18 million sq ft, led by Bengaluru, Delhi-NCR, and Mumbai. Global Capability Centres (GCCs) contributed 45 per cent to the total, with Bengaluru dominating. Notably, 81 per cent of leasing activity was in green-certified buildings, underlining a growing ESG focus. With demand from technology, BFSI, and life sciences, India’s office market is expected to maintain momentum, supported by a skilled workforce and strong policy support.Contact: CBREWebsite: https://www.cbre.com/Tel: 91 22 4069 0100Email: Corpcomm@cbre.com

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Hafele opens new design studio in Tirupati

Hafele has opened a new franchise showroom in Tirupati, Andhra Pradesh, in partnership with WDA Design Studio Private Limited. Located on Upparpalli Main Road, the showroom showcases the brand’s full range of premium interior solutions.Graced by Ms. Padma Gupta, Director – HR & Customer Experience at Hafele South Asia, and directors of WDA Design Studio, the launch highlights Hafele’s focus on growing its presence in South India. The studio is designed as an automation-ready, one-stop solution for modern interiors, offering an immersive layout with realistic and futuristic displays.V..

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Trio of Mega Media-Tech Events to Open in Dubai

Three major industry events—CABSAT, Integrate Middle East (Integrate ME), and the debut SATExpo Middle East—are set to kick off today (May 13) at the Dubai World Trade Centre, bringing together over 36,000 professionals across media, broadcast, satellite, and Pro AV sectors.The 31st edition of CABSAT will feature over 700 brands and welcome more than 18,000 visitors. It will showcase innovations across content production, broadcasting, and technology through platforms such as the Content Congress, Studio City Tour, and Co-Production Salon. Country pavilions from China, France, and Germany ..

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Ajman Tourism Launches German Roadshow to Boost Global Ties

The Ajman Tourism Development Department (ATDD) has kicked off a strategic promotional roadshow across Germany, targeting the cities of Hamburg, Frankfurt, Stuttgart, and Leipzig. Running until May 17, the initiative aims to position Ajman as a compelling destination for German travellers and industry stakeholders.Led by H.E. Mahmood Khaleel Alhashmi, Director-General of ATDD, the delegation seeks to build long-term partnerships through direct meetings, live events, and focused promotional campaigns. The tour highlights Ajman’s evolving tourism portfolio, with a strong emphasis on sustainabi..

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