Hyderabad, Jan 21 (IANS) Telangana Chief Minister A. Revanth Reddy has proposed to host a follow-up meeting of the World Economic Forum (WEF) every July in Hyderabad. The proposal received unanimous support from global business leaders and policy makers during the ‘Join The Rise’ event held in Davos, according to the Chief Minister’s Office (CMO) here.Stating that one year is a very long time for follow-ups in modern business cycles and making investment decisions, the Chief Minister proposed …
Latest Global Capability Centres News & Updates
Davos, Jan 20 (IANS) Gujarat Deputy Chief Minister Harsh Sanghavi said on Tuesday that India’s voice today carries a strong influence on the global stage, as the country participates in the World Economic Forum with its largest and strongest delegation so far.Speaking to IANS on the sidelines of the World Economic Forum, Sanghavi said he is closely observing how the Indian Government is actively supporting all states in attracting investments.“The level of cooperation extended by the Centre …
New Delhi, Jan 19 (IANS) Global Capability Centres (GCCs) emerged as the primary growth driver of India’s office market in 2025, accounting for 45 per cent of the total pan-India absorption, up from 41 per cent in 2024, a report showed on Monday.In absolute terms, GCC-led absorption reached 34.9 million square feet, registering a 20 per cent year-on-year increase, said the Vestian report.The report further stated that strong demand from GCCs, supported by a favourable policy environment and re…
Mumbai, Jan 13 (IANS) The year 2025 established yet another new record for the India’s office market with 83.3 million square feet of gross leasing volumes for the full year, according to a report released on Tuesday.With global firms accounting for a robust 58.4 per cent share, India’s position as a strategic business hub offering genuine structural tailwinds was reaffirmed during a period marked by global uncertainties, said the JLL report.The cities of Bengaluru, Hyderabad, Pune, and Mumbai r…
New Delhi, Jan 9 (IANS) Delhi-National Capital Region (NCR) recorded its second‑highest annual gross office leasing in 2025, while its average home prices climbed 19 per cent (on-year), a report said on Friday.Knight Frank India said in the report that Mumbai continued to show resilience, remaining largest player in housing market and posting second‑strongest year for office leasing in over a decade.On the residential front, Delhi-NCR entered a phase of measured normalisation, the report sai…
New Delhi, Jan 9 (IANS) India’s office market touched record high in 2025, with annual gross leasing surging to 86.4 million sq ft, up 20 per cent (year-on-year) and 43 per cent above the pre‑pandemic 2019 peak, a report said on Friday.Real estate services firm Knight Frank India said that on the residential front, sales across eight major cities held broadly steady at 3,48,204 units in 2025, easing 1 per cent YoY.In the same period, new launches were recorded at 362,184 units across the top…
Mumbai, Jan 7 (IANS) Global Capability Centres (GCCs) anchored the India office market in 2025, accounting for 38 per cent of total annual transactions at 31.8 million square feet, strengthening India’s position amongst global peers as a centre of excellence in research and development and other related businesses, according to a new report on Wednesday.Bengaluru alone captured 47 per cent (15.2 mn sq ft) of GCC leasing activity. Overall annual gross leasing surged to 86.4 million square feet,…
New Delhi, Jan 6 (IANS) India’s office leasing activity reached a record 82.6 million square feet in 2025, up roughly 1 per cent year‑on‑year, a report said on Tuesday.The report from CBRE South Asia Pvt. Ltd. said that technology, flexible workspace operators and BFSI firms together drove around 60 per cent of the total leasing activity during the year.Bengaluru, Mumbai and Delhi‑NCR together accounted for about 61 per cent of overall absorption even as Global Capability Centres (GCCs) re…
New Delhi, Jan 5 (IANS) India’s office real estate sector closed CY25 with its strongest performance on record, registering net absorption of 61.4 million square feet (MSF) across the top eight cities marking a robust 25 per cent year‑on‑year (YoY) increase, a report said on Monday.The report from commercial real estate services firm Cushman & Wakefield said the surge was driven by strong occupier confidence and the market’s ability to deliver scale amid evolving business needs.Benga…
New Delhi, Dec 30 (IANS) India stands at the cusp of a new era powered by Artificial Intelligence (AI), and the government has allocated more than Rs 10,300 crore over the five years for the ‘IndiaAI Mission’ with 38,000 GPUs deployed, it was announced on Tuesday.From expanding computing infrastructure to fostering homegrown models and supporting startups, the country is creating a robust AI ecosystem that benefits citizens and drives innovation.Initiatives in agriculture, healthcare, educat…