Latest news with #ANAROCK
Hospitality Net
30-05-2025
- Business
- Hospitality Net
HVS ANAROCK MONITOR, May 2025
Read the latest edition of the HVS ANAROCK monthly industry update, MONITOR (Monthly Overview of National Industry Trends and Hospitality Report), for the key trends in the Indian hospitality industry. Key highlights include: May 2025: In April 2025, the Indian hotel sector continued to post strong year-on-year growth across all major performance indicators. Occupancy rate saw a marginal uptick over March 2025, even as average rates softened during the same period. Mumbai (79–81%) and New Delhi (78–80%) registered the highest occupancy levels during the month, reaffirming their position as the country's top-performing hotel markets. Mumbai and New Delhi recorded the highest average rates during the month, exceeding ₹11,500 and ₹10,500, respectively. Dipti Mohan Senior Manager - Research HVS View source
Time of India
24-05-2025
- Business
- Time of India
BM Property: Bengaluru reigns supreme in GCC office leases Q1 2025
real estate consultancy ANAROCK Bengaluru has once again cemented its position as India's leading hub for Global Capability Centres (GCCs), accounting for the largest share of gross office space leasing among the top seven Indian cities in the first quarter of to the latest data from, Bengaluru alone accounted for approximately 3.3 million sq. ft. of the 8.35 million sq. ft. gross office space leased by GCCs in Q1 2025 — capturing a commanding 40% share, the highest among all cities. Together with Chennai and Hyderabad, the southern cities made up a dominant 64% of GCC leasing activity.'Bengaluru continues to attract strong interest from GCCs, thanks to its deep talent pool and established tech ecosystem,' said Peush Jain, Managing Director Commercial Leasing & Advisory at ANAROCK Group. 'The city led the charts with 3.3 million sq. ft. in Q1 2025, followed by Delhi-NCR with 1.91 million sq. ft. and Chennai with 1.22 million sq. ft.'Overall, gross office leasing across India's top seven cities touched 19.47 million sq. ft. in the first quarter, with GCCs contributing a significant 43% share. This marks a sharp 72% year-on-year growth compared to Q1 2024, when GCCs leased around 4.87 million sq. the IT/ITeS segment continued to dominate leasing demand, accounting for 35% of GCC office space transactions. The Banking, Financial Services and Insurance (BFSI) sector followed with a 22% share, while manufacturing and industrial firms made up 13%. E-commerce and consultancy sectors contributed 6% and 5%, respectively.'While IT/ITeS remains the main driver, the growing presence of BFSI and manufacturing firms signals a healthy diversification in the GCC ecosystem,' Jain of the end of 2024, India hosted over 1,700 operational GCCs across its major cities, employing between 1.7 and 1.8 million professionals and valued at approximately USD 52 billion. With the current momentum, ANAROCK estimates the number of GCCs will rise to over 1,900 by the end of 2025, with a market value between USD 60–70 ahead, India could see 2,200 to 2,300 GCCs by 2030, potentially employing up to 2.8 million people and generating a market value of USD 100–110 strong performance reinforces its strategic role in India's global services landscape. While Tier 2 and Tier 3 cities like Kochi, Coimbatore and Ahmedabad are emerging as alternatives, Bengaluru remains the preferred location for both new entrants and expanding global city's gross leasing by GCCs rose from 2.82 million sq. ft. in Q1 2024 to 3.3 million sq. ft. in Q1 2025, reaffirming its leadership. Delhi-NCR posted a remarkable jump from 0.49 million sq. ft. to 1.91 million sq. ft., while Chennai, which had no GCC leasing activity in Q1 2024, recorded a robust 1.22 million sq. ft. this key cities saw varied performance. Mumbai and Pune recorded 0.6 million sq. ft. and 0.45 million sq. ft., respectively. Hyderabad experienced a drop, from 1.22 million sq. ft. to 0.82 million sq. ft., and Kolkata entered the segment with 0.05 million sq. ft. of leasing in Q1 its tech-driven ecosystem, skilled workforce, and well-developed infrastructure, Bengaluru is poised to maintain its lead as India's undisputed GCC capital in the years ahead.
United News of India
23-05-2025
- Business
- United News of India
MMR's office rental values zoom 28 pc from 2022 to 2025, Hyderabad Next with 24.1 pc
Mumbai, May 23 (UNI) Despite global macroeconomic upheavals and uncertainties, India's commercial real estate market remains on a remarkable upswing, according to the latest ANAROCK data saying the rental values are showing healthy growth across major metros as businesses push harder for a full-fledged return to office life. 'Notably the US, which is seeing considerable business policy uncertainty, accounts for 45 percent of total office space leasing in India – ahead of all other countries,' said Peush Jain, MD - Commercial Leasing & Advisory, ANAROCK Group. 'In Mumbai, US-based banks contribute as much as 48% of BFSI leasing. American companies' appetite for prime Indian Grade A office spaces remains undiminished.' he said. From 2022 to 2025, a powerful post-pandemic rebound has fuelled consistent and growing demand for premium workspaces—especially in hotspots like the Mumbai Metropolitan Region (MMR), Delhi NCR, and Hyderabad. After a brief (COVID) pandemic-induced pause, India's commercial real estate market has gone from quick recovery into a new growth phase. As hybrid models give way to more traditional, structured in-office operations, companies are doubling down on their presence in prime business districts. The result has been a surge in demand for Grade A office spaces, driven by a mix of Global Capability Centres (GCCs), tech giants, and BFSI leaders. 'GCCs have become the single-biggest transformation driver on India's office leasing landscape,' said Jain. 'Our data shows that in Q1 2025 alone, GCCs leased a staggering 8.35 million sq. ft., with Delhi NCR capturing close to 23 pc of that demand. Over the past two years, they have accounted for over 37 pc of all office leasing across the top 7 cities, signalling a long-term commitment to the country's metropolitan business ecosystems. Meanwhile, the Mumbai Metropolitan Region (MMR) has emerged as the most expensive commercial market in India, with rental values soaring 28 pc from Rs 131 per sq. ft. in 2022 to Rs 168 in 2025. Prime micro-markets like Bandra-Kurla Complex (BKC), Lower Parel, and Andheri East continue to attract top-tier demand from finance, IT/ITeS, and startup sectors. Delhi NCR: registered a strong rise from Rs 92 to Rs 110/sq. ft. (20 pc) – driven primarily by infrastructure projects and rising demand in Noida and Gurugram. Hyderabad: The city saw notable growth in office rental values – a 24.1 pc increase over four years - benefiting from its affordability, proactive government policies, and its thriving IT corridor. Bangalore: The tech capital saw a 15.8 pc increase, with Whitefield, ORR, and Electronic City continuing to attract global occupiers. Pune and Chennai: These showed only moderate rental growth of 11.1 pc and 9.1 pc respectively, mirroring the steady but controlled growth in their IT/ITES and industrial sectors. Steady growth in commercial office rentals is improving rental yields, particularly in cities like Hyderabad and Delhi NCR, where capital values remain competitive. With REITs gaining traction and office absorption back to pre-pandemic levels, investor sentiment in the commercial space remains optimistic despite global headwinds. 'The overall sentiment in India's commercial real estate (CRE) market remains resilient and optimistic,' says Peush Jain. 'The future of work in India is not remote but reimagined. The hybrid work model has matured - not as a shift away from offices, but as a strategic blend of physical and flexible spaces. This evolution has ensured a strong leasing pipeline, particularly in tech parks, co-working hubs, and SEZs. As demand continues to outpace supply in prime micro-markets and India ramps up its stature as a global outsourcing powerhouse, rental values will continue to rise consistently. UNI PC BM
Hans India
21-05-2025
- Business
- Hans India
Southern cities dominate GCC leasing space
Hyderabad: Global Capability Centres (GCCs) have been ramping up their presence on India's commercial real estate landscape in the last few years, with government initiatives announced in the Union Budget further accelerating this trend. The top cities are witnessing escalating demand from both new GCC entrants and those expanding their existing operations. Latest ANAROCK data shows the top southern cities – Bengaluru, Hyderabad, and Chennai - dominating GCC office space leasing in Q1 2025 with a 64% overall share. Approx. 8.35 Mn sq. ft. gross office space has been leased by GCCs in Q1 2025 across the top 7 cities. According to Peush Jain, MD - Commercial Leasing & Advisory, ANAROCK Group, says, 'Of the gross office space leasing of 19.47 Mn sq. ft. recorded in the top 7 cities in Q1, GCCs accounted for about 8.35 Mn sq. ft. - a 43% overall share. In Q1 2024, they had leased about 4.87 Mn sq. ft. In short, there has been a 72% annual jump in their office space absorption.''In retrospect, ANAROCK data of Indian office markets indicates that the top 7 cities saw gross leasing of over 141.43 Mn sq. ft. of office space in the last two years – 2023 and 2024. Of this, GCCs alone leased about 52.88 Mn sq. ft., accounting for a share of over 37% share,' he adds. 'Driven by India's rising economic influence over the last two to three years, GCCs are deploying not just in the top 7 cities but also in various Tier 2 & 3 cities, including Ahmedabad, Kochi, and Coimbatore,' says Peush Jain. Unlike in the pre-Covid period, when most of them were largely eyeing the IT/ITeS and BFSI sectors, GCCs' focus is now spreading out into other sectors including manufacturing and industrial. A significant share of Indian GCCs is headquartered in the US, followed by Europe and the Middle East. 'ANAROCK data shows that out of 28.23 Mn sq. ft. office space leased by GCCs in 2024 in the top 7 cities, 65% were headquartered in the US, followed by 28% in Europe and the Middle East, and just 7% in the Asia-Pacific (APAC) region,' says Jain.
Hans India
20-05-2025
- Business
- Hans India
Hyderabad Among Top GCC Leasing Cities in Q1 2025: ANAROCK
Global Capability Centres (GCCs) continue to influence India's commercial real estate segment, with Hyderabad playing a significant role in leasing activity during the first quarter of 2025. The latest market report by ANAROCK Research indicates strong momentum across major southern metros, with Hyderabad, Bengaluru, and Chennai jointly accounting for the lion's share of leasing by GCCs. According to the data, GCCs leased approximately 8.35 million sq. ft. of gross office space across India's top seven cities in Q1 2025, marking a 72 per cent year-on-year rise compared to 4.87 million sq. ft. during the same period in 2024. Of this, Bengaluru led with 3.3 million sq. ft., followed by Delhi-NCR at 1.91 million sq. ft. Hyderabad recorded 0.82 million sq. ft., placing it behind Chennai's 1.22 million sq. ft. Despite a dip from 1.22 million sq. ft. in Q1 2024, Hyderabad remained a key contributor, underlining continued demand from both existing and new entrants. In total, the seven leading Indian office markets reported gross leasing of 19.47 million sq. ft. in Q1 2025. GCCs contributed to 43 per cent of this volume. In the last two years, 2023 and 2024, gross leasing across the top seven cities touched 141.43 million sq. ft., of which GCCs absorbed 52.88 million sq. ft., accounting for over 37 per cent. Sectoral analysis for Q1 2025 shows IT/ITeS occupying 35 per cent of the total leased area by GCCs, followed by BFSI at 22 per cent, manufacturing and industrial at 13 per cent, e-commerce at 6 per cent, and consulting firms at 5 per cent. The rest (19 per cent) comprised other sectors. GCCs headquartered in the United States represented 65 per cent of all leasing by such centres in 2024, followed by 28 per cent from Europe and the Middle East. Firms from the Asia-Pacific region contributed just 7 per cent. There were over 1,700 GCCs in India by the end of 2024, employing approximately 1.7 to 1.8 million professionals. ANAROCK projects that by the end of 2025, India could have more than 1,900 GCCs, hosting up to 1.9 million professionals and a cumulative market value between USD 60 and 70 billion. By 2030, estimates suggest the number of GCCs in India could range between 2,200 and 2,300, with a combined market size of USD 100 to 110 billion and workforce strength reaching up to 2.8 million. GCC expansion is no longer confined to metro cities. Emerging Tier 2 and Tier 3 cities such as Ahmedabad, Kochi, and Coimbatore are attracting interest due to their skilled workforce, cost advantages, and infrastructure upgrades driven by government support. The shift in focus beyond traditional IT and BFSI segments also signals diversification. Sectors like manufacturing and industrial are increasingly becoming part of GCCs' India strategy, widening the scope of talent and services being delivered from the country.
