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Business Standard
04-08-2025
- Business
- Business Standard
Green-certified office spaces surge 65% in top 7 cities since 2019: Report
India is witnessing a growing shift towards environmentally sustainable office buildings. A report from real estate firm Anarock Research shows a 65% increase in green office buildings in the top seven cities since 2019. The seven cities quoted in the report are Bengaluru, Mumbai, Delhi-NCR, Hyderabad, Pune, Chennai, and Kolkata. As of the first half of 2025, these cities had a combined office space of approximately 530 million square feet with green certifications, up from 322 million square feet in 2019. This shows that nearly 65% of all high-grade office buildings are now certified as environmentally sustainable. Bengaluru leads the way Bengaluru tops the list with the highest share of green buildings. Of its total 223 million square feet of top-grade office space, about 73%, or 163 million square feet, is green certified. The city also has the largest green office stock overall, accounting for nearly a third of all green-certified office space across the seven cities. Delhi-NCR comes in second, and Hyderabad picks up the third spot, each with over 60% of their top-grade offices being green. Kolkata has the least, with just 17.4 million square feet, or about 3%, of the total green stock. What is Green-Certified Office Space? Green-certified office buildings are structures designed or upgraded to reduce their environmental impact. They follow standards set by certification bodies such as LEED (Leadership in Energy and Environmental Design), IGBC (Indian Green Building Council), or GRIHA (Green Rating for Integrated Habitat Assessment). These buildings often feature better energy efficiency, water conservation, and indoor air quality. Demand rising despite higher costs More than 74% of all office space leased in the first half of 2025 was in green-certified buildings, signalling strong demand despite higher rents. These buildings typically command up to 24% higher rent than non-certified ones. For example, in Mumbai, the average monthly rent in a green-certified office is ₹177 per square foot, compared to ₹143 for regular buildings. Even with the premium, green buildings have lower vacancy rates, averaging 14% compared to 16.3% in regular office buildings. In cities like Mumbai, the difference is stark: only 8% of green-certified offices remain unoccupied versus 15.1% for others. An exception is Chennai, where green offices have a slightly higher vacancy rate (13%) than conventional ones (9.1%). Why the shift matters The push for greener buildings is being driven by both government climate commitments and tenant demand, especially from multinational corporations and global capability centres (GCCs), which increasingly require sustainable workspaces. Experts say the commercial real estate sector is leading India's sustainability movement, even ahead of residential real estate. Green buildings support India's goal of reaching net-zero carbon emissions by 2070 and expanding clean energy use. 'The surging popularity of green office buildings across India is not merely a passing trend, but a strategic imperative in line with the nation's bold climate ambitions,' said Anuj Puri, Chairman, Anarock Group.
Fashion Value Chain
17-07-2025
- Business
- Fashion Value Chain
Future-Proof Living: Why Generations Trust the Hiranandani Name
In an era defined by market volatility and evolving investor priorities, Hiranandani properties continue to stand out as stable, high-performing assets. Backed by visionary urban planning and an unwavering commitment to sustainability, Hiranandani townships are not just homes – they are resilient investment ecosystems. Hiranandani Gardens, Powai, once a 250-acre quarry, is now a thriving urban hub. As per Knight Frank India's 2024 Real Estate Report, the area has seen over 300% capital appreciation in two decades, thanks to infrastructure, green cover, and holistic planning. Similarly, Hiranandani Estate, Thane, commands premium rental yields of 3-4% and enjoys lower vacancy rates, according to Anarock Research (2023). Each Hiranandani township functions as a self-sustained micro-economy, integrating commercial zones, schools, hospitals, and IT parks. Hiranandani Fortune City in Panvel is strategically located near the upcoming Navi Mumbai International Airport, Mumbai Trans Harbour Link, and Panvel-Karjat Rail Corridor, connectivity drivers that, according to JLL India (2024), are expected to boost property values by 25-30% over the next five years. Properties in Mumbai and Chennai continue to draw both investors and end-users. The walk-to-work model, high-end amenities, and community-centric lifestyle ensure sustained rental income and occupancy. As per Magicbricks Propindex Q1 2024, Hiranandani homes consistently outperform metro benchmarks in both yield and capital value. With over 46,634 trees planted, 4 million litres of water recycled daily, and solar integrations, Hiranandani's green townships are ESG-ready. CBRE India (2024) notes that green-certified homes now fetch 8-10% higher value in the market. With over four decades of delivery excellence and transparent governance, Hiranandani stands as a symbol of credibility in Indian real estate. 'We don't just build homes, we build legacies of growth and trust,' says Dr. Niranjan Hiranandani. For more information, visit
Time of India
03-07-2025
- Business
- Time of India
Office market sees 40% surge in net leasing across top seven cities in H1 2025: Anarock
NEW DELHI: India's commercial real estate sector witnessed a robust rebound in the first half of 2025, with net office leasing across the top seven cities surging by 40% year-on-year to approximately 26.8 million sq ft, according to Anarock Research. The previous year's comparable figure stood at 19.08 million sq ft. Bengaluru emerged as the top-performing city, clocking 6.55 million sq ft of net absorption, up 64% from 4 million sq ft in H1 2024. Pune recorded the steepest year-on-year growth in leasing volumes — a 188% jump to 3.8 million sq ft, up from 1.32 million sq ft a year earlier. In contrast, Kolkata was the only market to post a decline, with net office leasing falling 51% to 0.45 million sq ft. New office completions across these key markets also saw healthy growth, rising 25% year-on-year to nearly 24.51 million sq ft from 19.65 million sq ft in H1 2024. Bengaluru again led with 6.91 million sq ft of new supply, followed by Hyderabad at 4.7 million sq. ft. Notably, Pune saw a staggering 533% increase in new supply—from 0.9 million sq ft to 5.7 million sq ft. Despite the supply uptick, average office vacancy rates declined slightly to 16.3%, from 16.7% a year ago. However, Hyderabad remained the city with the highest vacancy rate, inching up to 26.6%. 'The office real estate market was clearly ahead of its residential counterpart in H1 2025,' said Peush Jain, managing director (Commercial Leasing & Advisory) of the company said. 'Both net absorption and new completions registered high growth, underscoring India's macroeconomic strength and strong occupier interest.' Average office rentals inched up 5% to ₹88 per sq ft per month, with Chennai leading the rental growth at 6%, followed by Bengaluru and NCR, which recorded 5% increases each. IT/ITeS firms remained the dominant occupiers, contributing 29% of total leasing, followed by co-working operators (22%) and the BFSI sector (18%). The consulting and e-commerce sectors also saw marginal upticks in demand share. According to Jain, the steady inflow of leasing from global capability centers (GCCs) and U.S.-based corporations, coupled with India's sustained economic momentum, continues to reinforce the office market's resilience.
Hans India
03-07-2025
- Business
- Hans India
India's office leasing jumps 40 pc in H1 2025, new supply jumps 25 pc: Report
New Delhi: India's commercial real estate market witnessed strong growth in the first half of 2025, with net office leasing across the top seven cities rising by 40 per cent year-on-year (YoY), a new report said on Thursday. According to data compiled by Anarock Research, net office absorption grew from around 19.08 million sq. ft. in H1 2024 to approximately 26.8 million sq. ft. in H1 2025. New office supply also increased by 25 per cent during the same period, reaching nearly 24.51 million sq. ft. Experts say the strong office market performance reflects India's steady economic growth and its rising global profile as a business destination. Peush Jain, Managing Director, Commercial Leasing & Advisory at Anarock Group, said the country continues to attract large-scale office leasing by global capability centres (GCCs) and US-based corporates. He also noted that India's economic stability stands in contrast to policy uncertainty in the US, making it an increasingly attractive destination for long-term investments. Bengaluru led the leasing activity with around 6.55 million sq. ft. of office space absorbed in H1 2025 -- a 64 per cent increase compared to 4 million sq. ft. in the same period previous year. Pune stood out with the highest annual growth in net absorption, soaring by 188 per cent to 3.8 million sq. ft., up from 1.32 million sq. ft. the previous year. Kolkata, however, was the only city among the top seven to see a decline in leasing, dropping 51 per cent to just 0.45 million sq. ft. In terms of new office space completions, Bengaluru again took the lead by adding approximately 6.91 million sq. ft. in H1 2025, a 26 per cent rise from the previous year. Pune posted an exceptional 533 per cent jump in new supply, going from just 0.9 million sq. ft. in H1 2024 to over 5.7 million sq. ft. this year, the report stated. Sector-wise, the IT/ITeS sector continued to drive demand, accounting for 29 per cent of overall office leasing. This was followed by the coworking sector at 22 per cent and BFSI at 18 per cent.
Hindustan Times
01-07-2025
- Business
- Hindustan Times
Chennai only city to see increase in housing demand as overall sales drop 20% in April–June quarter
Housing sales declined by an estimated 20% to 96,285 units during the April–June quarter across seven major cities including Delhi-NCR, Mumbai Metropolitan Region, Bengaluru, Hyderabad, Pune, and Kolkata, down from 1,20,335 units in the same period last year. Chennai was the only city to have recorded an increase in housing demand. This rise was largely driven by the growing presence of Global Capability Centres (GCCs). (Photo for representational purposes only)(Unsplash) Chennai was the only city to buck the trend, recording an increase in housing demand. This rise was largely driven by the growing presence of Global Capability Centres (GCCs) in the city over the past two years, which has fueled a parallel surge in residential demand, an analysis by Anarock has shown. Of all the cities, only Chennai witnessed an 11% year-on-year rise in housing sales, with approximately 5,660 units sold in Q2 2025, compared to 5,100 units in Q2 2024. On a quarter-on-quarter basis, the city saw a sharp 40% jump in sales, it said. Various factors have contributed for the yearly increase in housing sales (11%) in Chennai. The increase in new launches by the developers have contributed to the rise in sales as well in the quarter, 65% yearly increase in new launches while 79% quarterly rise, as per Anarock Research. Also Read: Housing sales drop by 19% across nine cities, and supply dips by 30%.; Mumbai sees steepest decline: Report Chennai added approximately 8,525 housing units in Q2 2025, a quarterly increase of 79% against Q1 2025 and an annual increase of 65%. Over 79% of new supply was added in the mid and premium segments. The city saw approximately 5,660 units sold in Q2 2025, increasing by 40% against Q1 2025. Annually, it saw a 11% rise in sales, the analysis showed. Why was Chennai the only city to defy the trend? The growing demand for office space by the GCCs in Chennai in the last two years has invariably led to high demand for housing as well. Global capability centres, also known as GCCs or GICs, are offshore units of multinational corporations that operate across the globe. These centres are responsible for providing various support services, such as IT, finance, human resources, and analytics, to their parent organisations. Earlier, these units were primarily established to offshore back-office processes, but that is not the case today. GCCs of today handle more complex line items across the organisation's value chain. In Chennai, GCCs leased about a total of 5.29 mn sq. ft. of gross office space in the last two years. Of this, approximately 2 mn sq. ft. was leased in 2023 while nearly 3.29 mn sq. ft. was leased in 2024, thereby seeing a 64% annual rise. 2025 so far continues to see growing demand, as per Anarock Research. Lastly, real estate developers are consciously bridging the demand-supply gap in Chennai which makes housing sales rise in the city as the new supply follows demand, it noted. Overall, the second quarter of 2025 was a rollercoaster for the Indian housing market, rocked by major military actions at home and abroad. 'The war-like climate pushed homebuyers into wait-and-watch mode, compounding the impact of soaring property prices over the past two years. Now, with domestic tensions easing and the RBI's repo rate cut injecting fresh optimism, buyer sentiment is rebounding,' said Anuj Puri, chairman, ANAROCK Group.
