Surge in offices paces to position Gurgaon as a premier business hub, a prominent name amongst Indian metros, is rapidly evolving into a prime business destination. This is evident in the significant rise in demand for high-end commercial complexes and Grade A office spaces. A recent report revealed a staggering 58% surge in office space transactions by global capability centers (GCCs) in 2023, ballooning from 13.2 million sq ft in 2022 to a whopping 20.8 million sq ft.

Companies Lease Large Offices In NCR, Gurugram Leads The Demand - NCR's office market saw strong performance in H1 2024, with 5.7 mn sq ft of gross leasing, reflecting 12% YoY growth from H1 2023. According to a leading international property consultancy, 61% of office transactions in the National Capital Region (NCR) took place in spaces above 50,000 sq. ft. in H1 2024, reflecting a 32% year-on-year (YoY) growth. This surge in demand was driven by India-focused businesses and flexible workspaces, fuelled by increasing confidence in the growing economy.

1. Flexible workspace operator Spring House leases 300,000 sq fr at MVN Aero One mall in Gurgaon - Flexible workspace operator Spring House said it has leased 300,000 square feet of space at MVN Aero One mall on Dwarka Expressway in Gurgaon, in one of the biggest flexible office space transactions of 2024 so far.

2. M3M leases 220,000 sq ft to flexible workspace provider Incuspaze in Gurugram - Flexible workspace provider Incuspaze has leased 220,000 sq ft of space in Gurgaon’s M3M Urbana project on Golf Course Extension Road, said who are aware of the deal.

3. Incuspaze leases 350,000 sq ft in Gurugram - Flexible Workspace sprovide Incuspaze has leased 350,000 sq.ft. in Gurgaon’s Udyog Vihar in one of the biggest office space transactions of 2024.

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