Dow India signs ₹250 crore, 10-year lease for 256,000 sq ft at Mindspace SEZ, Navi Mumbai. Deal highlights rising corporate demand for Grade A office spaces in MMR.

American financial services giant State Street Corporate Services has secured a landmark 10-year lease for 2.1 lakh sq ft in Coimbatore's IndiaLand Tech Park, highlighting the growing corporate interest in tier-2 Indian cities.

India’s office market is witnessing record demand, with MNCs and GCCs driving occupancy rates to decade-high levels.

Mindspace Business Parks REIT leased over 2 million square feet in the quarter ended March 2024, a record. This is the greatest lease volume since its August 2020 IPO, totaling 3.6 million square feet for 2023-24.

CapitaLand India Trust (CLINT), a major real estate investor, bought BlueRidge 3 Phase 1 in Pune's IT corridor. This purchase, worth INR 773 crore, in Hinjewadi, the IT centre, shows CLINT's dedication to creating innovative and growing commercial spaces.

The Jawaharlal Nehru Port Authority (JNPA) earned Rs 426 crore by leasing 14 properties, comprising 42 hectares, in its Uran Taluka, Raigad district Special Economic Zone (SEZ). This e-auction promotes industrial expansion and marks JNPA's revenue milestone.

Industry analysts say the delay in replacing the Special Economic Zones (SEZ) Act of 2005 with the Development (Enterprise and Services) Hubs Bill of 2022 is hurting major office park rentals since firms are unwilling to lease space in SEZ parks.