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Mumbai Office Leasing Jumps 63 per cent in Q1 2025, Led by BFSI Sector
Real Estate

Mumbai Office Leasing Jumps 63 per cent in Q1 2025, Led by BFSI Sector

Mumbai鈥檚 office space absorption rose by 63 per cent year-on-year in Q1 2025, reaching approximately 2.9 million sq ft, driven primarily by the BFSI sector, which accounted for 53 per cent of leasing, according to CBRE South Asia. Nationally, office leasing hit 18 million sq ft, led by Bengal...

Mumbai鈥檚 office space absorption rose by 63 per cent year-on-year in Q1 2025, reaching approximately 2.9 million sq ft, driven primarily by the BFSI sector, which accounted for 53 per cent of leasing, according to CBRE South Asia. Nationally, office leasing hit 18 million sq ft, led by Bengaluru, Delhi-NCR, and Mumbai. Global Capability Centres (GCCs) contributed 45 per cent to the total, with Bengaluru dominating. Notably, 81 per cent of leasing activity was in green-certified buildings, underlining a growing ESG focus. With demand from technology, BFSI, and life sciences, India鈥檚 office market is expected to maintain momentum, supported by a skilled workforce and strong policy support.Contact: CBREWebsite: https://www.cbre.com/Tel: 91 22 4069 0100Email: [email protected]

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Infrastructure Energy

CCI Approves Thriveni Demerger and Lloyds Stake Acquisition

The Competition Commission of India (CCI) has approved a combination involving the demerger of the Mining Development and Operations (MDO) business of Thriveni Earthmovers Private Limited (TEMPL) into Thriveni Earthmovers and Infra Private Limited (TEIPL), along with a significant stake acquisition by Lloyds Metals and Energy Limited (LMEL).As per the approved structure, TEMPL will transfer its MDO business鈥攕panning exploration, mine development, mining, beneficiation, and logistics of iron ore, coal, baryte, and manganese鈥攊nto TEIPL. Subsequently, LMEL will acquire approximately 79.82 per..

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HGS Launches AI-Powered Digital CX And Data Innovation Hub in Waterloo

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Technology

Maverick Simulation Solutions to Invest Rs 500 Mn in R&D

Maverick Simulation Solutions, a leading Indian company that manufactures simulation solutions for medical and nursing training, has announced an investment of Rs 500 million into its research and development division. The investment will be used to enhance product innovation in areas such as Task Trainers, High End Simulators, CPR Trainers, etc. and to integrate advanced technologies like artificial intelligence, augmented reality, and virtual reality into its training solutions. The funds will also support the creation of new prototypes and the strengthening of in-house capabilities across e..

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