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Time of India
2 days ago
- Business
- Time of India
Big deals keep office space vibrant
Large-sized deals, of over 100,000 sq ft, continue to drive India's commercial office market. They have accounted for around half of the Grade-A office space demand every year from 2021. In the first half of calendar 2025, the segment accounted for 51% of the office deals, driven by demand from multinational firms. Independence Day 2025 Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji gave India its own currency Swadeshi 2.0: India is no longer just a market, it's a maker WHY LARGE DEALS MATTER Consistent share since 2021 enabling long-term commitments WHAT'S DRIVING THE MOMENTUM? India's Talent Advantage Availability of large floor plates in Grade-A developments Competitive rentals vs global markets INDIA: THE MNC MAGNET GCCs projected to grow from 1,800 to 2,400 centres by 2030 Policy push, infrastructure investment and state-level incentives Tech, BFSI, and engineering R&D firms continue expansion Resilient demand despite global headwinds TOP DEAL MAKERS Google Salesforce Qualcomm TCS OUTLOOK Large deals to remain the driving force of India's office market EXPERT TAKE "Despite current headwinds, we expect technology occupiers to maintain the leasing momentum throughout 2025 and fuel commercial real estate in India, mainly supported by expansion of GCCs. Meanwhile, strong IT talent pool and cost arbitrage will continue to be the differentiating factors for Indian office market." Live Events ARPIT MEHROTRA, MD, Office Services, Colliers India
Economic Times
2 days ago
- Business
- Economic Times
Big deals keep office space vibrant
In the first half of calendar 2025, the segment accounted for 51% of the office deals, driven by demand from multinational firms. Tired of too many ads? Remove Ads WHY LARGE DEALS MATTER WHAT'S DRIVING THE MOMENTUM? India's Talent Advantage Availability of large floor plates in Grade-A developments Competitive rentals vs global markets INDIA: THE MNC MAGNET GCCs projected to grow from 1,800 to 2,400 centres by 2030 Policy push, infrastructure investment and state-level incentives Tech, BFSI, and engineering R&D firms continue expansion Resilient demand despite global headwinds TOP DEAL MAKERS Google Salesforce Qualcomm TCS OUTLOOK EXPERT TAKE Large-sized deals, of over 100,000 sq ft, continue to drive India's commercial office market. They have accounted for around half of the Grade-A office space demand every year from 2021. In the first half of calendar 2025, the segment accounted for 51% of the office deals, driven by demand from multinational share since 2021 enabling long-term commitmentsLarge deals to remain the driving force of India's office market"Despite current headwinds, we expect technology occupiers to maintain the leasing momentum throughout 2025 and fuel commercial real estate in India, mainly supported by expansion of GCCs. Meanwhile, strong IT talent pool and cost arbitrage will continue to be the differentiating factors for Indian office market."ARPIT MEHROTRA, MD, Office Services, Colliers India
