INDIA OFFICE MARKET
Festive binge: Swiggy, Magicpin see spike in food delivery orders
Anshoo Sharma, CEO & cofounder of Magicpin, India's third-largest food delivery platform, told PTI the platform is gearing up for even higher volumes as Diwali approaches. According to Bhakoo, choco lava cakes topped dessert orders across metros, while Kolkata's long-standing love for biryani remained intact.
Maruti hits record sales on Dhanteras, expects to cross 50k units; Hyundai sees 20 pc growth
This Dhanteras is shaping up to be a historic occasion for car sales, with Maruti Suzuki predicting a staggering 50,000 units sold, while Hyundai is looking at approximately 14,000 units. The surge isn't limited to automobiles; the consumer electronics and jewelry industries are also experiencing a remarkable influx of customers.
LG Electronics India to deepen manufacturing, eyes export growth and tier-II expansion
LG India is expanding its value product lineup and manufacturing footprint, targeting Tier-II and Tier-III cities ahead of the festive season. Sanjay Chitkara, Chief Sales Officer, LG India, says the company is balancing growth and margins while driving innovation, customer experience, and export opportunities as India emerges as a key global manufacturing hub.
Office vacancies fall in top cities as companies expand play
India's office market shows strong growth. Vacancy rates have hit a 17-quarter low. Occupiers are expanding their teams and office spaces. This activity is boosting leasing and absorption. Bengaluru, Mumbai, and Delhi-NCR lead the expansion. Global capability centers are a major driver. India is becoming a key hub for corporate growth.
C-suite, not quite gender neutral: Why India Inc can’t afford to ignore women leaders
India's business world is at a critical juncture, as the shortage of female leadership continues to inflict economic strain. This disparity threatens to compromise both our GDP and strategic competitiveness on a global scale. While women demonstrate remarkable talent in entrepreneurship, entrenched biases often stymie their pathways to leadership.
Embraer inaugurates office in Delhi; says India central to its global vision
Brazilian aerospace giant Embraer inaugurated its new office in New Delhi on Friday to expand its presence across India’s commercial aviation, defence, business aviation, services, and urban air mobility sectors. With nearly 50 aircraft already operating in India, Embraer aims to strengthen collaboration with local partners, suppliers, and customers while supporting Make in India and Atmanirbhar Bharat initiatives.
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Nirmala Sitharaman inaugurates Farmers' Training Centre in Karnataka under MPLAD scheme
Union Finance Minister Nirmala Sitharaman inaugurated a Farmers' Training and Common Facility Centre in Vijayanagara, Karnataka. This centre will train self-help groups and farmers through Farmer Producer Organisations. The facility aims to enhance value addition for agricultural produce like groundnut and tamarind. Modern processing techniques will be introduced to improve quality and market value.
GCC expansion to power 40 pc of India's office demand by FY27: Report
Global capability centres are expected to lease an additional 50-55 million square feet of Grade A office space in FY2027, representing around 40 per cent of total demand in India's top six office markets, a report said on Thursday.
Mahindra, Embraer join hands to bring C-390 Millennium to India
Mahindra Group and Embraer Defense & Security have signed a strategic cooperation agreement to introduce the C-390 Millennium military transport aircraft in India. This partnership aims to advance the aircraft for the Indian Air Force's Medium Transport Aircraft program, fostering local manufacturing and positioning India as a regional hub.
India office market bucks global contraction; vacancy at 17-quarter low amid record absorption
India's office market is expanding significantly. Vacancy rates have fallen to a 17-quarter low. Bengaluru, Mumbai, and Delhi-NCR report historic low vacancies. Global firms are increasing their presence. IT and GCC sectors are driving demand. This trend signals a strong year-end for office leasing.
Shark Tank judge Peyush Bansal nears billionaire status with Lenskart IPO
Peyush Bansal's Lenskart is preparing for a major stock market debut in Mumbai. The eyewear giant aims for a valuation of $9 billion. This move signals a return of investor confidence in founder-led Indian startups. Lenskart's innovative approach to manufacturing and online sales has driven its growth. The company is also expanding internationally, particularly in Southeast Asia.
India’s office market heats up as demand outpaces supply for 6th straight quarter: Nuvama
India's commercial real estate sector is experiencing a strong upswing, with office space leasing outstripping supply for the sixth consecutive quarter. Vacancy rates have fallen significantly across major cities, while rents are rising, indicating healthy pricing power for developers. The tech sector and global capability centers are driving this robust demand.
India remains priority market: Xiaomi COO Sudhin Mathur
Xiaomi reaffirms India as a top priority market. Despite regulatory hurdles, the company is increasing investments in product development, retail, and services. Xiaomi aims for significant growth by 2026, focusing on premium segments and expanding its ecosystem beyond smartphones. Local manufacturing accounts for most of its revenue. Travel restrictions have eased, improving headquarters interaction.
DBS faces I-T query over 2019 masala bond investments
Indian tax officials are scrutinizing DBS Bank's 2019 Masala Bond investments. The Income Tax department seeks confirmation on beneficial ownership and interest received. This probe follows a period of tax exemption for Masala Bond interest. The investigation aims to ensure compliance with investment regulations and tax benefits. Details on bond issuance and RBI filings are being sought.
House of Hiranandani acquires land parcel in Mumbai's Andheri
Realty developer House of Hiranandani is expanding its commercial real estate presence in Mumbai. The company has acquired a land parcel in Andheri East. A new premium commercial tower will be developed on this plot with an investment exceeding Rs 500 crore. This project aims to meet the growing demand for Grade A office spaces in the western suburbs.
BHIVE Leases 1 Lakh Sq Ft as It Expands into Bellandur’s Premium Office Corridor
BHIVE Workspace has leased over 1 lakh sq ft at Sattva Premia on Bengaluru’s Outer Ring Road, marking one of its largest single-centre expansions this year. Branded BHIVE Premium Bellandur, the facility adds 2,000+ seats and targets mid- to large-sized enterprises and Global Capability Centres.
GCCs to lease 50–55 msf, to drive 40% of office space demand in top 6 Indian cities by FY26-27: ICRA
Global capability centres (GCCs) are set to lease 50–55 million sq ft of Grade A office space across India’s top six cities by FY27, contributing nearly 40% to overall demand, as global firms expand R&D and innovation hubs.
GCCs set to drive 40% India’s top 6 office markets’ leasing demand during FY26-27
Global Capability Centres are set to lease 50-55 million sq ft of office space by FY2027. This will boost India's top property markets significantly. The number of GCCs is expected to grow to over 2,500 by 2030. These centres are evolving into innovation hubs, driving demand for tech-enabled and green spaces. India's cost competitiveness and talent pool attract global firms.
Indian retail REIT can become a Rs 60,000–Rs 80,000 crore market by 2030: Anarock
Indian retail REITs are poised for significant growth, projected to reach Rs 60,000–Rs 80,000 crore by 2030, forming a substantial portion of the overall REIT market. As Grade A malls mature into stable assets, 2-3 new retail REITs are expected to launch, mirroring global trends where retail REITs are a key market component.
Digital commerce, telecom to drive India’s next bull run: Rajesh Bhatia
Indian equities are poised for a significant rebound in 2025, according to ITI Mutual Fund's CIO Rajesh Bhatia. He believes the market has completed its consolidation phase, with earnings set to improve due to fiscal discipline and supportive monetary policy. A reduction in tariffs is seen as the key catalyst for a breakout, potentially leading to new highs.
Tarun Garg set to be first desi at Hyundai Motor India’s wheel in Korean auto major’s 3-decade local history
Hyundai Motor India has appointed Tarun Garg as its new Managing Director and Chief Executive. This marks a significant moment as Garg is the first Indian to lead the company in India in almost thirty years. He takes charge on January 1. Hyundai is investing heavily in India, planning a substantial expansion and focusing on new technologies and exports.
Coinbase to increase stake in CoinDCX, valuing Indian crypto exchange at $2.45 billion
Coinbase is investing further in Indian crypto exchange CoinDCX, valuing it at $2.45 billion post-investment. This funding aims to expand CoinDCX's product offerings, introduce new on-chain use cases for India, and support its international expansion, building on its recent entry into the MENA region. The investment reinforces CoinDCX's position in dynamic crypto adoption markets.
India’s office market on track to surpass previous peak as YTD absorption hits 57 mn sq. ft.: Savills India
India’s office market has seen 56.8 mn sq. ft. of YTD absorption, on track to exceed the previous annual peak. Strong demand from GCCs, IT-BPM, BFSI, and flexible workspaces, alongside controlled new supply, positions the sector for robust growth and continued Grade A leasing momentum in 2025.
AI firm Anthropic eyes India residency for enterprise data
As of now, enterprises can access Anthropic's Claude models in India via Amazon Bedrock and Google Cloud Vertex AI, the company said in a news release last week. Data residency would mean that client data is stored at data centres in India.
Italian fashion brand OVS to open five stores in two years, to increase sourcing from India
Italian fashion brand OVS is entering the Indian market. The company plans a gradual expansion, focusing on learning from its initial stores. OVS aims to establish at least five stores by 2027 and become a leading brand in India within a decade. The brand also intends to increase its sourcing from India as its business grows.
'Bengaluru IT companies won't go WFH because...': Social media reacts to techie's viral 'close IT parks' post
A Bengaluru techie has urged the state government to temporarily close IT parks and mandate remote work to fix the city's crumbling infrastructure. He suggested employees could work from home as during the pandemic, allowing for road repairs, drain fixes, and faster metro construction to "fix Bengaluru once for all."
Artha India Ventures secures first close of Rs 250 crore for micro-VC fund
This second micro-VC fund of the family office will invest in 36 seed-stage startups across premium consumption, fintech infrastructure, applied AI, and deep tech.
Attractive rental yields of 7–10% and capital appreciation: Why today’s investors are exploring REITs & AIFs
Commercial real estate, real estate investment trusts, and alternative investment funds are increasingly seen as smarter, more diversified ways to grow wealth. Office parks, retail outlets, and warehouses generate attractive rental yields of 7–10%, and India’s office market has stayed resilient with steady demand from IT firms, start-ups, MNCs and India-facing businesses.
Kolkata property market shows steady growth with 8% price rise in July-Sept 2025: Knight Frank
Kolkata's housing market is showing strong stability, with an 8% year-on-year price increase driven by genuine buyer demand and a focus on quality. The office sector also saw significant growth, with rental values soaring 14% due to tight supply and consistent demand from IT and flex space providers.
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