India’s flex office space segment likely to touch $9–10 billion by 2028, driven by GCC demand: Report

India’s flexible workspace segment is projected to grow to $9–10 billion by 2028, nearly tripling from the current $3–4 billion, driven largely by the rapid expansion of Global Capability Centres (GCCs), according to a joint report by Smartworks Coworking Spaces and UnearthIQ. India’s flex workspace market is set to reach $9–10 billion by 2028, nearly […]

ArcelorMittal GCC leases nearly 1 lakh sq ft at Nalanda SEZ IT Park in Pune for ₹62.6 lakh monthly rent

The ArcelorMittal Global Capability Centre (GCC) has leased approximately 1 lakh sq ft of office space at Nalanda SEZ IT Park in Hinjewadi, Pune, through two separate lease agreements, which will increase its total monthly rent to around ₹62.6 lakh, according to lease documents shared by Propstack. ArcelorMittal GCC has leased about 1 lakh sq […]

Brookfield to invest over ₹9000 crore to build Asia’s largest GCC in Mumbai’s Powai

Maharashtra Chief Minister Devendra Fadnavis said on December 12 that global asset manager Brookfield is set to invest around ₹9,000 crore to create a global capability centre (GCC) facility in the state. Maharashtra Chief Minister Devendra Fadnavis said on December 12 that Brookfield will invest about ₹9,000 crore to build a global capability centre in […]

Urban Vault strengthens GCC push, secures leases from three Japanese firms for 21,000 sq ft of office space in Bengaluru

Urban Vault, a managed workspace provider, has expanded its enterprise portfolio by onboarding three major Japanese firms, Nachi, Pioneer, and Komatsu, in Bengaluru, leasing 21,000 sq ft of office space to them, the company said on December 7. Urban Vault, a managed workspace provider, has expanded its enterprise portfolio by onboarding three major Japanese firms, […]

Office leasing in Bengaluru, Delhi-NCR and Mumbai to touch 50 million sq ft in 2025 driven by strong GCC demand

India’s office market stood out in the Asia-Pacific region, defying regional slowdown with strong growth across key cities. Bengaluru, Delhi-NCR, and Mumbai recorded an average 4.3% annual rise in prime office rentals during July–September. Office space leasing across these cities is projected to reach 50 million sq ft in 2025, surpassing the 2024 record of […]