Bengaluru Office Space to Hit 330-340 MSF by 2030: CII-CBRE

15 Jul 2024 CW Team

The report highlights that Bengaluru's office market has already demonstrated robust performance, with an annual absorption rate averaging around 12-14 msf over the past few years. This trend is expected to continue, supported by strong demand from the technology sector and increasing investments in commercial real estate.

The IT and ITeS sectors remain the dominant drivers of office space demand, accounting for a substantial share of the city's commercial real estate transactions. The report also points to the emergence of new growth corridors and the development of Grade A office spaces, which are attracting both domestic and international investors.

Furthermore, the city's infrastructure development, including metro rail expansions and improved connectivity, is enhancing its appeal as a prime business destination. These factors are expected to contribute to sustained demand for office space, ensuring steady growth in the market.

Ram Chandnani, Managing Director, Advisory & Transactions Services, CBRE India, emphasised the importance of continued infrastructure investments to support this growth. He noted that the development of new business districts and enhancement of existing ones will be crucial in maintaining Bengaluru's competitive edge.

The report also underscores the need for sustainable development practices, urging stakeholders to focus on green buildings and energy-efficient designs. As the city gears up for this anticipated growth, adopting sustainable practices will be key to ensuring long-term success and resilience in Bengaluru's office market.

In summary, Bengaluru's office space market is poised for significant expansion, driven by strong demand from the IT sector and ongoing infrastructure development, making it a critical hub for commercial real estate in India.

Bengaluru's office space market is set to expand significantly, with total stock expected to reach 330-340 million square feet (msf) by 2030, according to a report by the Confederation of Indian Industry (CII) and CBRE. This growth is primarily driven by the burgeoning IT sector and continued infrastructure development in the city. The report highlights that Bengaluru's office market has already demonstrated robust performance, with an annual absorption rate averaging around 12-14 msf over the past few years. This trend is expected to continue, supported by strong demand from the technology sector and increasing investments in commercial real estate. The IT and ITeS sectors remain the dominant drivers of office space demand, accounting for a substantial share of the city's commercial real estate transactions. The report also points to the emergence of new growth corridors and the development of Grade A office spaces, which are attracting both domestic and international investors. Furthermore, the city's infrastructure development, including metro rail expansions and improved connectivity, is enhancing its appeal as a prime business destination. These factors are expected to contribute to sustained demand for office space, ensuring steady growth in the market. Ram Chandnani, Managing Director, Advisory & Transactions Services, CBRE India, emphasised the importance of continued infrastructure investments to support this growth. He noted that the development of new business districts and enhancement of existing ones will be crucial in maintaining Bengaluru's competitive edge. The report also underscores the need for sustainable development practices, urging stakeholders to focus on green buildings and energy-efficient designs. As the city gears up for this anticipated growth, adopting sustainable practices will be key to ensuring long-term success and resilience in Bengaluru's office market. In summary, Bengaluru's office space market is poised for significant expansion, driven by strong demand from the IT sector and ongoing infrastructure development, making it a critical hub for commercial real estate in India.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Infrastructure Urban

13 Oct 2025

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Technology

13 Oct 2025

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..