Office Space Leasing to Surpass 60 Million Sq Ft in 2024

05 Aug 2024 CW Team

Office space leasing in India is projected to exceed 60 million square feet by the end of 2024. This anticipated growth highlights a robust demand for commercial real estate driven by economic recovery, business expansion, and evolving workplace needs.

The surge in leasing activity reflects several key trends in the commercial real estate sector. Companies are increasingly seeking flexible and scalable office spaces to accommodate hybrid work models and expanding operations. The rise in demand is also fueled by the resurgence of business confidence and an uptick in corporate investments.

Major cities such as Bengaluru, Mumbai, and Delhi-NCR are expected to lead in office space transactions, driven by their status as key business hubs and the presence of numerous multinational corporations. The growth in leasing activity is anticipated to contribute to a positive outlook for the commercial real estate market, with significant investments in office infrastructure and amenities.

Additionally, the shift towards sustainable and tech-enabled office environments is influencing leasing decisions. Companies are prioritizing green buildings and spaces equipped with advanced technologies to enhance employee productivity and support corporate sustainability goals.

The projected increase in office space leasing underscores a favorable market environment for real estate developers, investors, and businesses looking to optimize their office portfolios in response to evolving market dynamics.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..