+
New office space supply across top7 cities to exceed mn sqft
Real Estate

New office space supply across top7 cities to exceed mn sqft

A recent report by CBRE South Asia, a prominent real estate consulting firm, has forecasted a remarkable increase in office supply completions across India's top seven cities. These cities, namely Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai, and Pune, are expected to witness an office space supply exceeding 165 million square feet between 2023 and 2025. This projection represents a substantial uptick from the 142 million square feet of office space completed during the 2020-2022 period.

Bengaluru and Hyderabad are poised to maintain their dominance in this burgeoning office space supply, accounting for nearly half of the total supply expected between 2023 and 2025. The robust expansion in office supply reflects a significant trend, with the average annual office supply having already increased by 17% and the average building size growing by 18% over the preceding three years, from 2020 to 2022.

Anshuman Magazine, Chairman and CEO of CBRE for India, South-East Asia, Middle East, and Africa, commented on this impressive growth trajectory. He stated, "This growth is expected to further accelerate by 15-18% during the next three-year period from 2023 to 2025." This expansion in office supply is indicative of the continued evolution and growth within India's commercial real estate sector, offering a glimpse into the dynamic business landscape of these top urban centers.

A recent report by CBRE South Asia, a prominent real estate consulting firm, has forecasted a remarkable increase in office supply completions across India's top seven cities. These cities, namely Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai, and Pune, are expected to witness an office space supply exceeding 165 million square feet between 2023 and 2025. This projection represents a substantial uptick from the 142 million square feet of office space completed during the 2020-2022 period. Bengaluru and Hyderabad are poised to maintain their dominance in this burgeoning office space supply, accounting for nearly half of the total supply expected between 2023 and 2025. The robust expansion in office supply reflects a significant trend, with the average annual office supply having already increased by 17% and the average building size growing by 18% over the preceding three years, from 2020 to 2022. Anshuman Magazine, Chairman and CEO of CBRE for India, South-East Asia, Middle East, and Africa, commented on this impressive growth trajectory. He stated, This growth is expected to further accelerate by 15-18% during the next three-year period from 2023 to 2025. This expansion in office supply is indicative of the continued evolution and growth within India's commercial real estate sector, offering a glimpse into the dynamic business landscape of these top urban centers.

Next Story
Infrastructure Urban

Minda Corporation Delivers Record Q1 FY26 Revenue of Rs 13.86 Billion

Minda Corporation, the flagship company of Spark Minda, has reported its highest-ever quarterly performance for the quarter ended June 30, 2025, with consolidated revenue of Rs 13.86 billion, up 16.2 per cent year-on-year. The growth was driven by a robust product portfolio, a wider customer base, and increased product premiumisation.EBITDA stood at Rs 1.56 billion with an operating margin of 11.3 per cent, marking a 23 bps Y-o-Y improvement. Profit Before Tax was Rs 710 million (5.1 per cent margin), while Profit After Tax reached Rs 650 million (4.7 –per cent margin).The company also advan..

Next Story
Infrastructure Urban

PTC and Kineco Ink MoU for Indigenous Aerospace

PTC Industries, a manufacturer of high-quality, high-precision metal components and exotic materials such as titanium and superalloys, has partnered with Kineco Aerospace & Defence, a specialist in advanced composite solutions. The collaboration aims to create an integrated ecosystem for the development of next-generation aerospace structures for civil and defence applications.The MoU was signed by Sachin Agarwal, Chairman and Managing Director of PTC Industries, and Shekhar Sardessai, Founder, Chairman and Managing Director of Kineco Group, in the presence of senior leadership from both c..

Next Story
Equipment

Elgi Equipments Q1 FY26 PAT Rises 17.5% to Rs 850.6 Million

Elgi Equipments, a global manufacturer of air compressors, reported total income of Rs 8.86 billion for Q1 FY26, up 8.8 per cent from Rs 8.14 billion in Q1 FY25 and 0.7 per cent higher than Rs 8.80 billion in Q4 FY25. The growth reflects continued market momentum and a solid order book across its oil-free and oil-lubricated compressor segments.Profit before tax stood at Rs 1.14 billion, registering a 14.8 per cent increase year-on-year and a 4 per cent rise quarter-on-quarter. Profit after tax rose to Rs 850.60 million, up 17.5 per cent Y-o-Y and 12.3 per cent Q-o-Q. Earnings per share climbed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?