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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Equipment

Liebherr Cranes Rapidly Progress on Scandinavia’s Second Tallest Tower

An impressive structure has emerged at remarkable speed in Karlskrona. Standing at a height of 200 metres, the NKT Tower 3 is the second tallest tower in Scandinavia. Two Liebherr cranes, a 542 HC-L 12/24 Litronic and a 258 HC-L 10/18 Fibre, are a key part of this ambitious construction project. The tower which is built by Skanska will be an integral part of the world’s largest high-voltage submarine cable factory, which will supply wind turbines and solar parks with essential components. Weighing 28,000 tonnes in total, the NKT Tower 3 is a feat of engineering.Liebherr Tower Crane Center an..

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Resources

GCCIA Concludes AI Forum in Kuwait with Discussions on Enhancing Power

The Gulf Cooperation Council Interconnection Authority (GCCIA), concluded its two-day regional forum held on April 29–30, 2025, under the theme, “Empowering the Future Grid: Exploring the Application of Generative AI in GCC Power Systems,” which took place in Kuwait City. The event brought together a distinguished group of global technology leaders, including GCCIA, the Saudi Electricity Company, ENOWA (NEOM’s Energy and Water Company), GCC energy authorities and utilities, as well as Microsoft, NVIDIA, Oracle, and EPRI Gulf (Electric Power Research Institute), alongside representative..

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Resources

Hindustan Zinc Accelerates Research in Emerging Zinc Battery Tech

Hindustan Zinc Limited, India’s only and the world’s largest integrated zinc producer, sees early breakthrough in the research of next-generation zinc-based battery technologies. The research targets delivering higher energy efficiency, improved safety and longer operational life. The company is pioneering emerging zinc battery technology to support the ongoing clean energy transition.Zinc has emerged as a powerful alternative to lithium owing to its abundance, stability and cost effectiveness. While the lithium market continues to face supply constraints and rising costs, zinc-based syste..

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