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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Real Estate

Della, Hiranandani & Krisala unveil Rs 11 billion themed township in Pune

In a first-of-its-kind initiative, Della Resorts & Adventure has partnered with Hiranandani Communities and Krisala Developers to develop a Rs 11 billion racecourse-themed township in North Hinjewadi, Pune. Based on Della’s proprietary CDDMO™ model, the hospitality-led, design-driven project aims to deliver up to 9 per cent returns—significantly higher than the typical 3 per cent in residential real estate.Spanning 40 acres within a 105-acre master plan, the mega township will feature an 8-acre racecourse and international polo club, 128 private villa plots, 112 resort residences, a ..

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Real Estate

Hansgrohe unveils LavaPura Element S e-toilets in India

Hansgrohe India has launched its latest innovation, the LavaPura Element S e-toilet series, introducing a new standard in hygiene-focused, smart bathroom solutions tailored for Indian homes and high-end hospitality spaces.Blending German engineering with minimalist aesthetics, the LavaPura Element S combines intuitive features with advanced hygiene technology. The series is designed for easy installation and optimal performance under Indian conditions, reinforcing the brand’s focus on functional elegance and modern convenience.“With evolving consumer preferences, smart bathrooms are no lon..

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Infrastructure Urban

HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

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