Residential prices surge 16% YoY: Knight Frank India

Bengaluru, April 4, 2024: Knight Frank India in its latest report, India Real Estate: Residential and Office (January – March 2025) Bengaluru witnessed an exceptional office transaction volume of 12.7 million square feet (mn sq ft) in Q1 2025, with pre-commitments accounting for 7.4 mn sq ft. This unprecedented surge positioned the city as the leader among India’s top eight[2] office markets. Marking its strongest quarterly performance to date, Bengaluru recorded a staggering 259% year-on-year (YoY) growth from 3.5 mn sq ft in Q1 2024. The city contributed 45% of total office transactions across major Indian markets, reaffirming its status as a dominant commercial hub.

All India Office Transaction and New Completion (Q1 2025)

End-User CategoriesBengaluru’s office market witnessed a surge in demand, primarily driven by Global Capability Centres (GCCs), which contributed to 65% of all transactions. The city recorded a remarkable 345% YoY growth in GCC transactions, underscoring its appeal as a key destination for Global Capability Centres.

Viral Desai, Senior Executive Director, Occupier Strategy & Solutions, Industrial & Logistics, Capital Markets and Retail Agency, Knight Frank India, said “Bengaluru’s commercial real estate market continues to thrive, supported by strong occupier demand, expansion by technology firms, and a growing footprint of GCCs. The city has reinforced its position as a preferred destination for corporate occupiers, particularly in flex office spaces, which have seen unprecedented growth. Moreover, the strong pre-commitment activity in upcoming Grade A developments reflects forward-looking confidence in Bengaluru’s long-term potential. On the residential front, premium and mid-segment properties are seeing strong traction, driven by improving affordability and a growing preference for larger homes.”

Residential Market Update: January – March 2025

The residential market experienced marginal decline of 5% YoY in sales, with 12,504 units sold in Q1 2025 compared to 13,135 units in Q1 2024. Despite this, average residential prices soared to INR 7,116 per sq ft—the highest since Q1 2018—reflecting a 16% YoY increase. The quarter also witnessed the launch of 16,524 new units, reflecting sustained developer confidence in Bengaluru’s housing market.

Bengaluru Residential Market Summary

Home Price Ticket Categories

Bengaluru’s higher ticket-size residential segment INR 50–100 mn recorded the highest YoY growth in sales in Q1 2025, surging 133% from 80 units in Q1 2024 to 187 units in Q1 2025. The INR 10–20 mn category remained the dominant segment, accounting for 36% of the city’s total transactions. A total of 4,507 units were sold in this bracket, marking a 3% YoY increase.

Ticket-Size Split of Sales

Shantanu Mazumder, Executive Director Bengaluru, Knight Frank India, said “The residential market in Q1 2025 experienced a slight dip in YoY sales volume. However, the average residential price soared with a significant 16% YoY increase reflecting healthy market dynamics. This reflects a robust demand despite the slight decline in overall YoY sales.”

Healthcare Innovation Gets a Boost as AIC T-Hub Launches 5th Startup Cohort

4th April 2025, India – T-Hub, one of the world’s leading startup incubators, in collaboration with Atal Innovation Mission (AIM) has today announced the launch of the 5th cohort of AIC T-Hub Healthcare Program. The program has selected 20 promising startups from a competitive pool of over 209 applications.

This three-month hybrid program is designed to accelerate innovation in MedTech, digital health, and healthcare accessibility by providing startups with mentorship, market access, investor engagement, and regulatory guidance. Among the selected startups are Artyem Care, Bioscafil, Chqup, Cloud Palliative Care, Dag2IL, Epirelief, Dr. DICOM (GLOCAL DIGITAL), Kashi Medicos, Nahush Pharma, Oui Medical, Planytics, Reyansh Technologies, Sigma Mozak, Signel Biomedical, Skinska, Tap Health, thebabyland, TurocratesAI, 365Veda, and Warkas. These startups were selected based on their proof-of-concept readiness, technological innovation, regulatory compliance preparedness, market potential, and the strength of their founding teams.

Throughout the program, they will benefit from one-on-one mentorship with industry veterans, strategic introductions to hospitals and corporates, and exclusive investor networking opportunities to help secure funding and business collaborations. Through this program, startups will gain access to leading hospitals and healthcare institutions for real-world validation and pilot studies, ensuring their solutions are market-ready and clinically viable. They will also receive expert guidance on navigating domestic and international healthcare regulations, which is critical for scaling in a highly regulated industry.

Additionally, by engaging with venture capitalists, healthcare firms, and policymakers, startups will have opportunities to forge strategic partnerships and secure funding. Market access will be a key focus, with curated introductions to hospitals, corporates, and healthcare organizations that can facilitate growth and adoption of innovative solutions.

Speaking on the launch, Rajesh Adla, CEO of AIC T-Hub Foundation, said, “At AIC T-Hub, we are committed to driving healthcare innovation by equipping startups with the resources they need to scale and succeed. The 5th cohort of our Healthcare Program is a testament to our ongoing efforts to build a thriving healthcare ecosystem in India. By fostering innovation, we aim to improve healthcare accessibility, affordability, and efficiency.”

Since its inception, AIC T-Hub has successfully supported 53 healthcare startups across four previous cohorts in MedTech, digital health, and healthcare accessibility. These startups have collectively raised over ₹60.46 crore in funding from investors and grants, facilitated more than 180 market access opportunities with hospitals, corporates, and healthcare institutions, and participated in global healthcare conferences that have significantly boosted their visibility and industry connections. Through initiatives like Doctors & Hospitals Roundtables, startups have been able to showcase their products to key stakeholders, further enabling collaboration and adoption.

Looking ahead, AIC T-Hub is strengthening clinical validation opportunities through collaborations with hospitals, research labs, and pharmaceutical companies. The program also aims to onboard one or two international startups to introduce them to India’s healthcare ecosystem, fostering cross-border innovation. Additionally, AIC T-Hub is building a robust network of doctors, hospitals, and sector-focused investors to support startup success. The program will conclude with a Demo Day & Investor Connect in June 2025, where participating startups will present their solutions to industry leaders and potential investors.

From Getaway to Glamour: Alibaug Shines in Premium Real Estate Market – Magicbricks

Alibaug, Mumbai: A recent Magicbricks Insights report states that over 13% of Alibaug’s current residential supply is priced above Rs 3 crore, down from 23% the previous year, indicating a shift in market dynamics in 2024. The report also noted that in Lonavla and Khandala, over 50% of residential properties are valued above Rs 3 crore, a decline from 75% at the start of 2024, showcasing active investor participation in these premium locations.

Concentrated on Metro Cities

Traditionally, real estate investment in India has been concentrated in metro cities like Mumbai, Delhi, and Bangalore. In recent times, due to untapped markets, new properties, and convenience, Alibaug and Lonavla are emerging as luxury real estate hotspots. This trend is driven by evolving buyer preferences, strategic locations, and improved infrastructure.

Mohit Malhotra, Founder & CEO, NeoLiv, said, “Alibaug is no longer just a weekend escape, it is fast emerging as Mumbai’s answer to the Hamptons. Enhanced connectivity through the Mumbai Trans Harbour Link (MTHL) and Ro-Ro ferry services has transformed this coastal town into a high-demand real estate destination. What was once a quiet retreat is now a thriving hotspot for luxury living and investment. The region is witnessing an unprecedented surge in demand, driven by ultra-luxury villas, premium plotted developments, and second homes. With its serene landscapes, pristine beaches, and close proximity to Mumbai, Alibaug is attracting high-net-worth individuals, celebrities, and investors looking for long-term value appreciation.”

He further added, “As the preference for open spaces, sustainable living, and private residences grows, Alibaug is becoming the go-to destination for those seeking an escape from the city’s hustle while still staying well-connected. With infrastructure development on the rise and property values steadily appreciating, the town is poised to be the next big real estate goldmine, offering both lifestyle appeal and strong investment potential.”

Alibaug: The Next Best Destination in MMR

Alibaug’s investment potential is maturing rapidly, with land purchases picking up over the past year. With investors homing in on this emerging market, prospective buyers have access to a wide range of options, including plot investments and ready-to-move-in homes. Known for its pristine beaches and peaceful environment, Alibaug has become a popular destination for high-net-worth individuals, investors, and celebrities seeking premium homes for vacation and leisure purposes.

Developers are increasingly investing in new housing projects featuring open spaces, sustainable amenities, and private residences—everything an affluent homebuyer may seek. With a vision to redefine destination living in the town, developers are catering to the discerning tastes of buyers seeking unparalleled luxury in their living spaces, with modern architectural styles and amenities.

Unmatched Connectivity

Better connectivity and anticipated infrastructure projects have further enhanced Alibaug’s appeal. The Virar Alibaug Expressway, scheduled for completion by 2030, is expected to be a game-changer for the city. The 126 km-long project, estimated at Rs 55,000 crore, will significantly improve connectivity across Maharashtra and reduce travel time, especially between Virar and Alibaug.

Existing infrastructure highlights such as the Mumbai Trans Harbour Link (MTHL) and Ro-Ro ferry services have transformed this quaint city into a thriving luxury real estate destination.

Future Outlook

This destination is ideal for homebuyers and long-term investors, offering exclusivity, tranquility, and potential capital appreciation. The rising demand for luxury villas, premium plotted developments, and beachfront properties indicates a shift in investor sentiment toward high-value locales outside Mumbai.

Homebuyers now have a plethora of options for ready-to-move-in homes. The development of gated communities, premium villas, and wellness retreats is attracting both investors and second-home buyers. Alibaug is seeing increased demand for vacation homes due to its pleasant climate, proximity to Mumbai and Pune, and a flourishing luxury real estate market. These properties also offer long-term value appreciation, an added bonus for potential investors.

USD 1.3 Bn Poured into Core Assets in Q1 2025, Signaling Robust 31% Growth – Colliers

Gurgaon, 03 April 2025: Institutional investments in Indian real estate have seen a strong start to 2025, with inflows reaching USD 1.3 billion in the first quarter—a 31% year-on-year (YoY) increase. This growth was primarily driven by domestic investments, which accounted for 60% of the total inflows during the quarter. With USD 0.8 billion inflows, domestic investments saw a 75% annual rise and were largely focused on industrial & warehousing and office segments.

Office segment drove one-third of the institutional inflows during the first quarter of 2025, at USD 0.4 billion worth of investments. Hyderabad attracted over half of the total inflows in the office segment in Q1 2025. At the India level, Industrial & warehousing and residential segments too witnessed significant traction, cumulatively accounting for 47% of the total inflows during Q1 2025.

“Institutional investors in Indian real estate continue to exhibit confidence, as investments rose by 31% YoY to USD 1.3 billion in Q1 2025. This growth highlights the resilience of the Indian real estate and the untapped opportunities it presents. Both foreign and domestic investors remained committed towards core assets, with office, residential and industrial & warehousing segments cumulatively accounting for 80% of the institutional investments in Q1 2025. The momentum is expected to persist through 2025, supported by strong economic growth prospects, robust demand across asset classes and optimistic business sentiment. Anticipated easing of monetary policy in the near future and proactive government policies are likely to ensure capital deployment in both core and alternative real estate assets throughout the year,” said Badal Yagnik, Chief Executive Officer, Colliers India.

Investment inflows were limited for Retail assets in Q1 2024 and Q1 2025

The institutional flow of funds includes investments by family offices, foreign corporate groups, foreign banks, proprietary books, pension funds, private equity, real estate fund-cum-developers, foreign-funded NBFCs, listed REITs and sovereign wealth funds. The data has been compiled as per available information in the public domain

Residential investments surge in Q1 2025, ~3X times compared to Q1 2024

During Q1 2025, institutional investments in the residential segment was almost thrice the inflows in the corresponding period of 2024. The segment with USD 0.3 billion inflows, accounted for 23% of the total quarterly investments, almost at par with the inflows in industrial & warehousing segment. Interestingly, foreign investments accounted for over half of the total inflows in residential segment during the quarter, led by select large deals.

“Residential real estate in India has been witnessing strong end user demand in recent years. Institutional investments in the segment grew multi-fold to the tune of USD 0.3 billion during Q1 2025, on an annual basis. Amidst evolving capital deployment trends, leading global investors are increasingly partnering with domestic developers, forming joint venture platforms to capitalize on growing opportunities in the residential segment. Sustained growth in residential prices, rising demand for luxury housing, and ongoing infrastructure developments will continue to boost institutional investments in residential real estate in the upcoming quarters. Concurrently, likely reduction in repo rates can potentially fuel residential demand and thereby investments in mid & affordable housing as well,” said Vimal Nadar, Senior Director & Head of Research, Colliers India.

In continuation to the growth momentum set in 2024, the Industrial & warehousing segment also saw over USD 0.3 billion of investments in Q1 2025, a notable 73% YoY increase. Improved investor confidence is reiterated by strong performance of high frequency macro-economic indicators including Manufacturing Purchasing Manager’s Index (PMI) and Index of Industrial Production (IIP). India’s Manufacturing PMI touched 58.1 in March 2025, the highest since mid-2024 indicating strong expansion in the manufacturing sector, driven by robust demand, increased production output, and improved business confidence.

Investments in alternate assets remained healthy at USD 0.07 billion during the quarter. Amongst alternate assets, data centers particularly witnessed strong traction in Q1 2025, led by capital deployment in a proposed hyperscale data center in Mumbai.

Mumbai followed by Bengaluru attracted majority of the inflows in Q1 2025

While multi-city deals corresponded to an overall 31% share, Mumbai, with about USD 0.3 billion inflows accounted for 22% of the real estate investments in the country during Q1 2025. Bengaluru and Hyderabad followed closely with 20% and 18% share respectively. While Mixed-use assets accounted for over half of the quarterly inflows in Mumbai, the residential segment drove 55% of real estate investments in Bengaluru during Q1 2025.

Move Better, Live Better – Embrace Wellness with Technogym

From a garage to the world, founder of Technogym, Nerio Alessandri began creating innovative equipment in his family garage. Today, the brand is the preferred choice for elite athletes, world-class fitness centres, and discerning wellness enthusiasts worldwide, renowned for its exceptional craftsmanship, cutting-edge technology, and unmatched quality.

This Italian brand, has set the global benchmark in fitness and wellness since its inception in 1983. Technogym’s relentless pursuit of innovation and design excellence has earned it prestigious accolades and the trust of almost all professional athletes and fitness enthusiasts. Beyond its award-winning creations, Technogym stands as the trusted partner of leading football and Formula 1 teams, elevating athletic performance through tailored training solutions. As the Official Supplier to 9 Olympic Games, including the Paris Olympics in 2024 & Paralympics 2024, the brand further solidifies its global leadership in fitness and wellness, delivering unparalleled expertise and redefining standards for athletes and fitness enthusiasts worldwide.

Marking a significant milestone, Technogym has made its grand entry into the Indian market, offering cutting-edge fitness solutions to a rapidly growing health-conscious audience. With a core philosophy of “exercise as medicine,” the brand combines artificial intelligence, biomechanics, and ergonomic design to create a comprehensive wellness experience. Technogym’s products go beyond traditional fitness equipment, enhancing training, recovery, and overall well-being. With over forty years of expertise in human movement, the brand designs equipment that optimizes muscle activation while preserving biomechanics, ensuring safety and effectiveness.

Whether for luxury home gyms or commercial fitness centres, Technogym’s solutions cater to all levels, from elite athletes to beginners or those with specific health needs, transforming India’s fitness landscape with innovation and precision. A key highlight product is the Technogym Run, a high-performance, silent treadmill designed for multisurface training, combining running and strength workouts. Also featured is the Technogym Bench, offering a comprehensive library of training content for a versatile fitness experience. Its adaptive running surface enhances comfort and efficiency for users of all levels. The Technogym Ride, designed by cycling champions, features a 22” immersive screen and integrates with top training apps, delivering a professional-grade cycling experience that’s perfect for both home and commercial settings.

Technogym’s state-of-the-art boutiques all over the world offer an immersive experience where visitors can explore the brand’s most advanced training solutions, featuring some of its most iconic products, all manufactured in Italy. With its strategic expansion into India, Technogym is introducing a new paradigm in fitness—one that seamlessly combines excellence in technology, design and a deep understanding of human movement.

Whether you’re a fitness enthusiast, a professional athlete, or an industry expert, Technogym invites you to experience the future of wellness. Through its legacy of innovation and commitment to redefining fitness, Technogym is set to inspire a healthier, more active India—one breakthrough at a time.

HGS Charts AI-Powered Growth Path with Agent X at the Helm

Mumbai, 3rd April 2025: Hinduja Global Solutions (HGS or the Company) (listed on BSE & NSE) continues to invest in AI-led technology services as it focuses on transforming customer experiences (CX) for its clients and their customers as they navigate today’s increasingly digitized world. Building on its legacy of making clients more competitive, HGS today serves as the preferred CX and business process transformation partner for some of the world’s largest brands.

The company’s innovative service offerings help accelerate AI adoption and create a business impact with tailored, secure, and responsible solutions. These include HGS Agent X – a suite of first-of-its-kind holistic contact center accelerators that incorporate Agentic AI for intelligent experience management, HGS AI Ignite – a comprehensive service offering of enterprise AI models like Intelligent Document Processing, Conversational Commerce solutions and Gen AI, etc., and HGS CyberSecurity Solutions.

The multiple award-winning HGS Agent X suite is being deployed internally and licensed externally to clients. Since its launch in late 2022, the solutions suite has revolutionized productivity, sales, and bottom-line results for over 1,300+ agents across diverse industries worldwide, ensuring instant return on investment (ROI). With HGS Agent X, organizations are seeing an average increase of 15-20% in sales conversion rates and up to a 20% decrease in frontline support costs.

HGS is also evolving into an employer of choice for roles critical to transformation – digital professionals, data analysts, automation and AI experts.

HGS continues to expand its operations to meet the client demand for tech-led services, reinforcing our commitment to helping businesses reduce costs, increase customer satisfaction and unlock new growth opportunities through best-in-class service delivery.

The company offers CX/ Digital services from 33 locations across 10 countries globally. The company recently unveiled its cutting-edge CX hub in Cape Town, South Africa at an exclusive launch event on March 27, 2025. This milestone event highlighted HGS’ capabilities in reshaping customer experience through digital innovation, impact sourcing, and a customer-first approach, reinforcing South Africa’s position as a premier CX destination. HGS has more than doubled its headcount to 200 in Cape Town since going live in July last year.

The company will also open a new delivery center in April 2025 in Waterloo, Canada, focused on delivering digital and CX services to clients, including the public sector. Earlier in January 2025, the company established a new center in Bengaluru to deliver AI Platform technology services, further expanding our capabilities in the digital space.

Consequent on Partha DeSarkar, the long-term inspirational CEO’s impending retirement, a search has been ongoing for a suitable successor to lead the company’s digital transformation.

“On behalf of the HGS family, I would like to thank Partha for a great innings of over two decades at the helm of the company. His leadership and expertise have helped the organization grow from a two-client boutique firm with less than $10 million revenue in early 2000s to an over $600-million company today, supporting hundreds of top brands in their digital-led customer experience journeys,” said Mr. Ashok P. Hinduja, Chairman, HGS. “The company is currently evolving to align towards an AI-led future in line with the technology changes in the market and client needs. We are looking for a new CEO who can lead HGS’ future growth with a digital approach.”

Currently, HGS’ 18,000-strong team serves over 360 active CX/ Digital clients globally and 821 HRO/ Payroll processing clients. The Digital Media business (NXTDIGITAL), which offers broadband, and DTV services has a customer base of more than 6 million in India.

Co-Working Giant 315Work Avenue to Expand to 5 Mn Sq. Ft by FY26

Bangalore, April 03, 2025: In view of the high demand for coworking spaces, 315Work Avenue, one of India’s prominent coworking space provider plans to expand 2 million sq. ft of workspace over the next one year with a strategic investment of around Rs 400 cr. The company which has experienced rapid growth since its inception, is aiming to enter newer cities along with strengthening its presence in the current markets. This growth is expected on the back of high demand for flexible spaces by corporates and the company is looking at organic and inorganic initiatives to expand its presence. 315Work Avenue currently manages 3 mn sq ft space totalling around 60,000 seats across 45 prime locations in Bengaluru, Chennai, Hyderabad, Mumbai and Pune.

This expansion of 315Work Avenue is part of the company’s overall strategy to have about 10-12 cities in its portfolio over the next two years and touch 5 mn sq. ft this year. Over the past one year, 315Work Avenue has leased over 1.25 mn sq. ft to its clients. The company works with prestigious clients that include BNY Mellon, Webasto, Tata Technologies, Tata Motors, Tata Power, Muthoot, Moengage, Teamlease, Operative, Urban Company, Wibmo, Aramex, TotalEnergies, Northland, Esper, Hafele, AstraZeneca amongst others.

Mr. Manas Mehrotra, Founder, 315Work Avenue said: “There is a huge demand for flex space from corporates of all sizes as flexible workspace has become a key component in the overall real estate portfolio of corporates to enhance employee productivity, foster collaboration, and optimising operational costs by scaling up or down as per business requirements. Our growth comes from focusing on the right markets, where the need for co-working spaces, managed offices, and flexible workspace solutions is high. The flexible workspace sector is rapidly evolving into a mainstream commercial real estate asset class, and this momentum will continue. The demand has gained greater traction with corporates and MNCs continuing to make a beeline to coworking spaces that have emerged as strong centres of growth. Our recent expansions, including significant leases in multiple cities, highlight our commitment to meeting the rising demand for flexible workspaces across the country. Our aim now is to keep expanding our portfolio, grow revenue and remain profitable”.

“Leveraging cutting-edge technology and innovative approaches, 315Work Avenue prioritizes offering futuristic solutions that cater to our esteemed client’s unique needs through end-to-end services. At 315Work Avenue, we place a strong emphasis on building and nurturing relationships and understand the importance of engaging with our existing customer base to ensure their continued satisfaction and loyalty. We always strive to be the go-to ‘partner of choice’ by offering best-in-class customer experience, value for money and tailor-made solutions that support the diverse needs of our clients” added Manas.

The coworking sector’s impact is poised to amplify in the future, driven by the fundamental transformation work dynamics have undergone which is unlikely to revert. With coworking spaces poised to take a leading role in shaping India’s office market, their contribution to the overall portfolio is set to grow significantly in the coming years. Industry reports suggest that the sector could see annual growth rates of over 20% touching over 100 million sq ft by 2030, driven by the increasing number of companies adopting flexible workspaces.