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Latest News

  • Office occupiers pre-commit office spaces in Gurugram to avoid rising rentals

    “We have witnessed the tenant’s appetite for higher quality office space and broadening of co-working/shared office demand, earlier this year. Primary tenants of flexible working space are businesses which either have limited visibility over future expansion plans or believe that a collaborative environment is conducive to success of their operation,” said Sanjay Chatrath, Executive Director (NCR), Colliers International India.

  • IT corridor driving Hyderabad’s office leasing

    “Hitech city and Gachibowli IT corridor will continue to be the hotspot for hosting IT/ ITeS firms owing to ease of travel, well-developed social infrastructure, and upcoming grade A office buildings”, says Hari Prakash, Senior General Manager, Office Services (Hyderabad), Colliers International India.

  • Pallavaram-Thoraipakkam Road: The new growth centre in Chennai

    “The emergence of PTR as an alternate office corridor, is a welcome change in the Chennai realty landscape", says Shaju Thomas, Director, Office Services, Colliers International India.

  • Absorption of co-working space doubles in Mumbai

    “The flexible/co-working space has proven to be a disruptor and an asset class in itself with offerings that meet the gaps in the expectations for corporates to address flexibility and scalability without liabilities or baggage (expansion and contraction), effective cost-savings and gaining efficiency in operations, said Ravi Ahuja, Senior Executive Director, Mumbai & Developer Services, Colliers International India.

  • RMZ’s CoWrks enters Mumbai with Birla Centurion lease pact

    According to a report from Colliers Research, co-working spaces/flexible offices accounted around 31% total gross office absorption in the third quarter of this calendar year. While Bengaluru leads with maximum absorption of co-working spaces with 35%, Mumbai is fast catching up, accounting around 19% of the total. In the last nine months, absorption of flexible offices has doubled in the financial capital from 0.38 million sq. ft in 2016 to 0.6 million sq ft.

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