+
Bengaluru, Hyderabad Lead Premium Office Leasing
Real Estate

Bengaluru, Hyderabad Lead Premium Office Leasing

Bengaluru and Hyderabad emerge as the frontrunners in driving the leasing activity for premium office spaces during the first quarter of the year, January to March. According to recent reports, these two dynamic cities have seen a notable surge in demand for high-quality office spaces, reflecting a positive trend in the commercial real estate sector.

The bustling tech hubs of Bengaluru and Hyderabad have long been favoured destinations for businesses looking to establish their presence in India. With a thriving ecosystem of multinational corporations, startups, and established enterprises, these cities offer a conducive environment for growth and innovation, further fueling the demand for premium office spaces.

The surge in leasing activity is attributed to several factors, including the expansion plans of existing companies, the emergence of new businesses, and the increasing trend of remote work, which has prompted organisations to invest in high-quality office spaces that provide a conducive environment for collaboration and productivity.

Bengaluru, often referred to as the Silicon Valley of India, continues to attract major investments from technology giants and multinational corporations, driving the demand for premium office spaces in prime locations across the city. Similarly, Hyderabad's reputation as a major IT and business hub has contributed to its significant share in the leasing activity for premium office spaces.

The robust leasing activity in these cities reflects the resilience and potential of the commercial real estate market in India, despite the challenges posed by the global pandemic. As businesses adapt to the evolving work landscape and focus on creating innovative workspaces that promote employee well-being and productivity, Bengaluru and Hyderabad are poised to maintain their status as key drivers of the premium office leasing market in the country.

Bengaluru and Hyderabad emerge as the frontrunners in driving the leasing activity for premium office spaces during the first quarter of the year, January to March. According to recent reports, these two dynamic cities have seen a notable surge in demand for high-quality office spaces, reflecting a positive trend in the commercial real estate sector. The bustling tech hubs of Bengaluru and Hyderabad have long been favoured destinations for businesses looking to establish their presence in India. With a thriving ecosystem of multinational corporations, startups, and established enterprises, these cities offer a conducive environment for growth and innovation, further fueling the demand for premium office spaces. The surge in leasing activity is attributed to several factors, including the expansion plans of existing companies, the emergence of new businesses, and the increasing trend of remote work, which has prompted organisations to invest in high-quality office spaces that provide a conducive environment for collaboration and productivity. Bengaluru, often referred to as the Silicon Valley of India, continues to attract major investments from technology giants and multinational corporations, driving the demand for premium office spaces in prime locations across the city. Similarly, Hyderabad's reputation as a major IT and business hub has contributed to its significant share in the leasing activity for premium office spaces. The robust leasing activity in these cities reflects the resilience and potential of the commercial real estate market in India, despite the challenges posed by the global pandemic. As businesses adapt to the evolving work landscape and focus on creating innovative workspaces that promote employee well-being and productivity, Bengaluru and Hyderabad are poised to maintain their status as key drivers of the premium office leasing market in the country.

Next Story
Infrastructure Urban

CJ Logistics’ Global CEO visits India to align growth strategy

Jonathan Song, newly appointed CEO of the Global Business Division at South Korea-based CJ Logistics, concluded a strategic three-day visit to India from July 29 to 31, reinforcing the company’s long-term commitment to the market through its subsidiary, CJ Darcl Logistics Ltd. Mr Song held high-level discussions with the CJ Darcl leadership and key customers to understand India’s evolving logistics needs, identify synergy areas, and enhance business alignment. His visit highlighted the strategic significance of India in CJ Logistics’ global network, especially amid the country’s g..

Next Story
Real Estate

Max Towers secures five star rating in safety audit by British Council

Max Estates, a leading NCR-based real estate developer, has achieved a five star rating in its first attempt at the British Safety Council’s ‘Five Star Occupational Health and Safety’ Audit for Max Towers, its premium commercial office project in Noida. The grading reflects the organisation’s commitment to the continual improvement of its occupational health and safety systems. The comprehensive audit covered documentation, interviews with senior management and employees, stakeholder feedback, and rigorous sampling of on-ground activities. It assessed performance against best prac..

Next Story
Real Estate

India’s Tier 2 & 3 Cities: The Next Growth Frontier for Real Estate

Introduction India’s metropolitan cities have long dominated the real estate landscape, shaping both market trends and public discourse, but the narrative is shifting towards India’s tier 2 and 3 cities. Beyond the metro cities, Tier 2 and Tier 3 cities such as Indore, Ahmedabad, Chandigarh, Jaipur, Coimbatore, Lucknow, Bhubaneswar, Kochi, Surat, Guwahati, and many others are emerging as vibrant real estate hubs. This growth is driven by impetus from rapid urbanisation, logistics corridors like the Delhi Mumbai Industrial Corridor, IT/ITeS investment zones, emergence of global capabil..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?