Startups to lease 30% more office space in 2022-24 across 6 cit

01 Mar 2022 CW Team

The leasing of office space by startups is likely to increase 30% during 2022-24 across six major cities as against the previous three years, as per a report.

In its joint report, real estate consultant Colliers India and data analytic firm CRE Matrix told the media that startups are likely to lease approximately 29 million sq ft during 2022-24 against 22.4 million square feet in 2019-2021.

The six cities tracked in the report are Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, Bengaluru, Chennai and Hyderabad. The demand will be led by fintech and logistics startups as they have gained momentum post-pandemic due to improved digital adoption and e-commerce boom, Colliers India told the media in a statement.

Improved digital adoption, availability of a deep talent pool, favourable government policies and funding options from venture capitalists are steering the development of startups. Improved entrepreneurship and rapid growth of startups have been one of the most notable trends in Indian office space, Colliers India CEO Ramesh Nair told the media. Startups presently occupy 10% of the office space, he added. As startups pick up pace, landlords ought to consider the business life cycle and work preferences of the startups to capture the real estate demand from startups to drive more value.

Abhishek Kiran Gupta, CEO & Co-founder, CRE Matrix, told the media that startups occupied 49.7 million square feet of office space at the end of the last year. Around 30 million sq ft of office space in India is occupied by co-working or flex players, and a large share of this is occupied by start-ups.

Image Source

Also read: BCG leases 100k sq ft of office space in Bandra-Kurla Complex

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..