CUSHMAN WAKEFIELD
India’s rich pivot to real estate after stock returns falter
Investors in India are increasing their allocations towards high-yielding assets in real estate and logistics. Recent data shows a significant rise in investments through Alternative Investment Funds, nearly doubling in recent years. Family offices are now directing larger portions of their portfolios toward private credit and infrastructure while moving away from traditional investments. Specialized funds are attracting wealthy investors who want exposure to completed assets.
AI to reshape India's office space demand, workforce seen at 48 million by 2030: Report
AI is expected to change the nature of India's office space demand rather than reduce it, with the country's office-using workforce projected to grow from around 38 million in 2025 to 48 million by 2030, according to a study by Cushman & Wakefield.
From bankruptcy to a workplace reset: WeWork CEO explains dress code, work-from-home rules helped rebuild work culture in company
In a fresh initiative, John Santora has rolled out a dress code for employees who work from home one day per week. This strategic change aims to revitalize WeWork's culture in the wake of financial struggles. Emphasizing professionalism alongside employee flexibility, Santora reflects on addressing casual dress codes during past visits. His leadership focus since taking on the CEO role has been on operational stability and enhanced management practices.
AI data center boom faces backlash at US ballot box
Resistance is especially visible in Ohio, one of the country's fastest-growing data center markets. No state has more data center-related ballot measures, with voters in more than a dozen jurisdictions set to consider 21 proposals alongside Tuesday's midterm elections, according to the nonpartisan research group Ballotpedia.
Capital gravitates towards income-generating assets as realty deals turn selective
India’s real estate sector recorded 24 transactions worth $705 million in the September quarter, down 76% in value year-on-year, as large-ticket deals and capital-market activity weakened. Private equity remained the biggest contributor, accounting for 79% of deal value, with investors favouring commercial assets and residential development platforms offering predictable cash flows.
SMARR Realty builds on its legacy as one of the trusted NCR developer with a focus on experience and destination-led retail
India's organised retail sector is booming as developers prioritize enhancing consumer experience and strategic locations. SMARR Realty is poised to capitalize on this upward trend by merging retail, dining, and entertainment within its projects. In Gurugram, forthcoming developments will feature vibrant high-street retail, modern office spaces, and leisure amenities to engage visitors actively. Their long-term success hinges on the projects' appeal and ability to connect with the local communities.
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Birla Estates in advance talks to buy Noida plot for Rs 1,000 crore
Birla Estates is in talks to acquire a 10-acre site in Noida from the Shipra Group for Rs 1,000 crore. The company intends to build a luxury residential development on this prime land in central Noida. This follows Birla Estates' recent collaboration with Sikka Group on another project in Greater Noida.
A former Chicago Sears store was converted into 59 apartments. Four years later, it sold for nearly $29 million
A former Sears department store in Chicago’s Ravenswood neighborhood, redeveloped into 59 apartments and retail space in 2021, has sold for $28.45 million. The sale followed a foreclosure lawsuit and comes as multifamily property sales across the Chicago area reached $4.9 billion in 2025.
India retains its position as the world's most mature flexible office market
India's share of global coworking bookings rose from 2.2% in the first half of 2025 to 10.2% in H1 2026, making it the world's second-most active market after the US. India retained its position as the world's most mature flexible office market, with inventory reaching 88.7 million sq ft and operators recording a record 8.5 million sq ft of leasing in H1 2026.
Net office leasing down 20% in Jan-Sep across top 8 cities on supply constraints: Cushman
Net leasing of office spaces across eight major cities in India fell to 36.7 million square feet. This represents a 20 percent drop from the previous year due to limited supply and a high base effect. However, gross leasing activity increased by 1 percent to reach 64.6 million square feet during the same period.
Retail leasing moderated by 7.3% quarter-on-quarter
India’s retail real estate sector showed active occupier demand with gross leasing volume reaching 2.22 million square feet. Main streets represented 67.9% of total leasing activity, while mall leasing declined significantly due to constraints. Domestic retailers maintained a dominant position, accounting for 86.3% of leasing volume in the third quarter. Grade A mall vacancy decreased to 4.8%, highlighting limited availability of quality retail space.
After home run, South and West developers tap NCR to drive growth
The NCR region is rapidly becoming a strategic playground for real estate developers hailing from South and West India, spurring significant growth ventures. Renowned brands such as Prestige Group and Sobha are poised to make their mark amidst fierce competition, taking advantage of burgeoning opportunities. With buyers placing a premium on developer credibility and quality, the landscape is shifting.
Office leasing picks up as corporates move past AI, geopolitical uncertainty
Large office leasing deals across India’s top cities are showing signs of recovery as corporates that delayed decisions over geopolitical risks and AI-led workforce disruption begin finalising space. Developers expect deal closures to pick up in the coming quarters, with GCCs and technology firms continuing to anchor demand for quality office space.
India becomes Asia’s 4th-largest REIT market, overtakes Hong Kong: Cushman & Wakefield
India has overtaken Hong Kong to become Asia’s fourth-largest REIT market, with market value rising 62% to $17.7 billion by March 2026, according to Cushman & Wakefield. New listings, strong office occupancy, GCC demand and rising institutional participation have helped expand the market, which now ranks behind Japan, Singapore and China.
India overtakes Hong Kong to become Asia’s fourth-largest REIT market
India's REIT market value grew significantly, surpassing Hong Kong for the first time. New listings and expanded portfolios substantially increased the total space available for investors. Office REIT occupancy remained high due to strong demand from multinational companies. The Chinese mainland also saw substantial growth through new product issuance and expanded asset classes. Both China and India are expected to remain key growth engines for the region's REIT markets.
DRA buys 10-acre Chennai land parcel for Rs 159 crore to develop housing project
Realty firm DRA has acquired a ten-acre land parcel in Chennai for Rs 159 crore. This acquisition is part of the company's expansion plans and will develop a housing project. The new project is estimated to generate revenue potential of Rs 1,200 crore. The company has developed many real estate projects over the past forty years. Realty firms are acquiring land for housing projects amid strong demand for homes.
Tier-2 cities overtake metros in land deals for first time, signalling real estate shift
Tier-2 cities now lead India's land transactions, a significant shift from previous years. This trend signals emerging real estate supply outside major metropolitan areas. Developers are exploring satellite towns for larger land parcels and integrated projects. Improved infrastructure and economic activity are driving this growth in these emerging urban centers. This evolving landscape promises substantial future development opportunities across India.
India's Data Centre development pipeline through 2030 reaches 3,860 MW
India's data centre pipeline is projected to reach 3,860 MW by 2030. This expansion requires nearly $29.9 billion in development capital for the country. APAC data centre capacity will grow 2.7 times by 2030. Mumbai leads with 890 MW operational capacity and significant upcoming supply. Other markets like Hyderabad and Chennai are also seeing substantial development.
Hyderabad's GCC boom is making its office advantage pricier
Hyderabad's prime office rents now exceed Bengaluru's, driven by global capability center demand. New-age Grade A+ buildings in Madhapur command higher monthly rents. This growth is fueled by talent, infrastructure, and lower operating costs. However, infrastructure strain and traffic congestion are becoming significant concerns. Future GCC expansion will likely sustain rental pressures and demand for office space.
Land acquired in last five years offer 1,400 million sq ft of potential development
Indian real estate anticipates major growth with 1,400 million sq. ft. of potential built-up area. This land transacted between 2021 and Q1 2026 signals USD 176 billion revenue. Residential projects lead this potential, followed by industrial and logistics developments. Tier-II city activity is accelerating, expanding development beyond traditional metropolitan markets. Partnership-led structures are gaining traction, creating a more investable land market.
Axis Bank’s HQ hunt leaves 3,000 staff scattered across Mumbai
Axis Bank plans to temporarily relocate staff across multiple Mumbai offices. The bank seeks a larger single office space for its employees. This move comes as their current headquarters will be demolished. A new 32-storey tower is expected to be ready in five years. This situation highlights Mumbai's growing office space demand challenges.
India’s flex workspace market records strongest H1 as seat leasing jumps 68%: Cushman & Wakefield
India’s flexible workspace sector posted its strongest-ever first half in 2026, with operators leasing 191,306 seats across the country’s top eight cities, up 68.4% year-on-year. Flex operators also recorded 8.4 million sq ft of leasing, accounting for nearly 20% of total office leasing activity.
Coworking operators lease 1.91 lakh seats across 8 cities in January-June with 68pc annual rise: Cushman & Wakefield
Co-working operators leased over 1.91 lakh seats in top cities during the first half of this year. This represents a significant 68 percent annual increase in demand for flexible office spaces. Bengaluru saw a 32 percent rise in coworking seat leasing, while Hyderabad more than doubled its leased desks. Mumbai also experienced a sharp jump in leased coworking seats during this period.
Cushman & Wakefield elevates Supriya Chatterjee to Managing Director, North India
Cushman & Wakefield has promoted Supriya Chatterjee to Managing Director, North India. She will oversee the Delhi-NCR office, focusing on growth and enhancing client relationships in the region. Previously, Supriya led the office brokerage business and facilitated high-value transactions since joining in 2015.
Cushman & Wakefield appoints Somil Agrawal as head India of strategic marketing
Somil Agrawal has over a decade of experience with leading organizations like Airtel and Cisco. Agrawal will be responsible for strengthening the Cushman & Wakefield brand in India.
Cushman & Wakefield appoints Anshul Jain as MD-India
Property consultant Cushman & Wakefield today said it has appointed Anshul Jain as Managing Director for India, with effect from July 1, 2016.
Cushman & Wakefield picks Accenture for consulting services
Accenture will manage select HR and finance and accounting functions of Cushman & Wakefield through its business process outsourcing services.
52,000 hotel rooms to be added in next 5 yrs: Report
Nearly 52,000 new hotel rooms are expected to be added in India over the next five years on rising demand from travellers.
Cushman & Wakefield India announces commencement of debt financing services
Property consultancy services firm Cushman & Wakefield India has launched debt financing services as part of its Capital Markets division.
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