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 Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..