India Drives 16% YoY Surge in APAC Office Demand Growth to Continue
Bengaluru, March 8, 2025 – Demand for office space across Asia Pacific’s (APAC) top 11 markets surged 15.9% annually to 8.8 million sqm (94.7 million sq ft), led by India, Mainland China and Japan. H2 2024 was particularly strong, with office demand in the region reaching 4.7 million sqm (50.6 million sq ft), a 6.1% rise compared to H2 2023. Demand growth in H2 2024 was notable in markets such as India, Japan and particularly impressive in Australia, which had a lower base. Leasing activity, however, remained relatively subdued in New Zealand, the Philippines, South Korea, Hong Kong, and Taiwan in H2 2024.
Colliers’ latest report, Asia Pacific Office Market Insights H2 2024 and Outlook 2025, found the significant increase in APAC office space demand to be driven by corporate expansion, return-to-office and the growth of global capability centres. The report captured the key markets of Australia, Mainland China, Hong Kong, India, Indonesia, Japan, New Zealand, Philippines, Singapore, South Korea and Taiwan.
Office market activity was particularly strong in India, which saw 6.17 million sqm (66.4 million sq ft) of leasing during 2024, led by a stronger second half. With 3.44 million sqm (37.0 million sq ft) of gross leasing in H2 2024, India continued to lead office leasing activity in the APAC region, witnessing an 11% YoY rise compared to H2 2023, according to new research from leading global diversified professional services company Colliers.
In India, Technology firms and Flex space operators together accounted for 46% of the total take-up across the top 6 cities during H2 2024. New supply remained robust, with over 2.81 million sqm (30.3 million sq ft) of completions in H2 2024, a 7% YoY growth across the top six cities. Bengaluru and Hyderabad led the office market activity during H2 2024, cumulatively driving more than half of India’s Grade A space demand and supply. Amidst an uptick in both leasing activity and new supply, India vacancy levels largely remained stable at around 17%.
“The APAC office market remained upbeat during H2 2024, with demand rising 6.1% YoY to 4.7 million sqm (50.6 million sq ft). Office space demand in the region continued to be driven by India, Mainland China and Japan. At the same time, leasing in Australia grew manifold during H2 2024, albeit on a comparatively lower base. New office supply declined across most markets in H2 2024, resulting in a 16.9% annual drop at the APAC level. Contrary to larger trends, India witnessed 7% YoY growth in new supply, contributing 60% of the new supply in APAC region during H2 2024. Looking ahead, we anticipate improved demand-supply dynamics in 2025, supported by balanced economic growth and likely moderation in inflation.”, said Arpit Mehrotra, Managing Director, Office Services, Colliers India.
“With over 70% share in leasing and 60% share in new supply in H2 2024, India remains one of the leading office markets in the APAC region. Strong domestic leasing, coupled with increasing Grade A space uptake by Global Capability Centers (GCCs), continues to fuel office demand in India. During H2 2024, GCCs leased 1.4 million sqm (~15 million sq ft) of office space in India, accounting for over 40% of the overall leasing during the period. Factors such as rental arbitrage, abundant talent, and language proficiency will continue to support the expansion of GCCs and outsourcing hubs in India.” said Vimal Nadar, Senior Director & Head of Research, Colliers India.
Colliers’ research estimates both demand and supply to strengthen across most APAC markets in 2025, with vacancy rates expected to remain rangebound.
Mike Davis, Colliers’ Managing Director of Occupier Services, Asia Pacific, said. “The outlook for the office occupier market remains positive, with strong demand set to drive further market shifts in the year ahead. High-activity markets may witness continued rental growth, particularly in peripheral business districts. The overall outlook for 2025 indicates a sustained momentum for the APAC office leasing market. We expect to see steady growth and continued resilience, driven by stable economic growth, corporate expansions, and the return-to-office trend. The flight-to-quality will dominate, with occupiers seeking modern, flexible and sustainable spaces that foster collaboration and productivity.”
Stacia Marie Jones Appointed Global VP of IDEA at lululemon
By: Stacia Marie Jones
Empowering women in the workplace isn’t just about increasing representation—it’s about building cultures where they can truly thrive, lead, and shape the future. When inclusion, diversity, equity, and action are woven into the fabric of an organization, every voice is heard, valued, and has the power to drive meaningful change.
That is what we are doing at lululemon. We are a company proud to employ and be led by majority women. We have a program called Women Of that empowers women throughout our organization whose professional advancement is uniquely shaped by racial, cultural, or ethnic experiences. We offer professional development and career coaching and mentoring to all women. We have networks for women, Global Women’s People Network and Women in Tech, to provide safe spaces for our women to be motivated and enriched. Workplaces that foster these values create environments where people feel supported to bring their full selves to work—unlocking innovation, collaboration, and long-term success.
Let’s Celebrate Holi in Full Bloom at Botany Brew & Kitchen
Holi, the festival of colors, is all about vibrant hues, festive beats, and joyous moments. Celebrate this Holi in the most organic and lively way with Botany Brew & Kitchen, where neon meets nature in a dazzling explosion of colors, music, and festivity.
Step into an eco-conscious Holi wonderland, where you can celebrate freely, knowing that all colors are skin-safe and environmentally friendly. Our flower-adorned spaces offer the perfect backdrop to capture your colorful memories while you immerse yourself in neon-bright organic hues.
Holi at Botany – A Celebration Like No Other
- Organic Neon Colors – Play safe with eco-friendly, skin-friendly colors.
- Floral-Themed Décor – A picture-perfect ambiance to complement the festivities.
- Music & Vibes – Groove to electrifying beats for an unforgettable celebration.
Event Details
Date: 14th March 2025
Venue: Botany Brew & Kitchen
BGR Tech Partners with Stargate Hydrogen for Green Hydrogen
8th march 2025: BGR Tech Ltd., a Prenora Investment holding company in India, has entered into a strategic partnership with Stargate Hydrogen, an Estonian pioneer in Alkaline electrolyzer systems. The Memorandum of Understanding (MoU) was signed by Ms. Priyadershini Raghupathy, Founder & Chairperson of BGR Tech, and Mr. Marko Virkebau, CEO & Board Member of Stargate Hydrogen.
This collaboration aims to bring Stargate’s advanced high-pressure Alkaline Water Electrolyzer (AWE) technology to the Indian market. Stargate’s flagship product, the Stellar Series AWE, operates at pressures up to 32 bar and offers a single stack capacity of up to 100 Nm³/h (500 kW). This design focuses on minimizing maintenance and operational costs, making it a practical solution for green hydrogen production.
Stellar Series electrolyzer will be integrated into BGR Tech’s pilot plant, which includes an Ultra-Pure water treatment unit, a Gas Separation Unit (GSU) and a Hydrogen Purification System (HPS). This integration is expected to enhance the efficiency and reliability of hydrogen production systems tailored for Indian projects. The BGR-Tech’s inhouse Pilot plant in Chennai is expected to produce the Green Hydrogen by May 2025 and the same will be used a R&D tool for further monitoring & improving the reliability & efficiency of the system.The Stellar Series Alkaline Water Electrolyzer stack was recently unveiled by Her Excellency Ms. Marje Luup, Ambassador of Estonia to India during India Energy Week 2025 in New Delhi. This event highlighted the commitment of both companies to support India’s growing energy needs through sustainable solutions.
This partnership aligns with India’s National Green Hydrogen Mission, aiming to promote sustainable energy solutions and reduce carbon emissions. By combining their expertise, BGR Tech and Stargate Hydrogen are poised to make significant contributions to the advancement of green hydrogen infrastructure in India by exploring further possibilities for local manufacturing to support “Make in India” policy.
Casagrand On-boards Bollywood Star Hrithik Roshan as the Face of Its Luxury Project – Casagrand Mercury
Chennai, 7th March 2025: Casagrand, one of South India’s leading real estate developers, has unveiled a captivating new television commercial (TVC) featuring Bollywood superstar Hrithik Roshan. The company has roped in Bollywood star Hrithik Roshan for this exclusive campaign, titled “Taking Luxury to New Heights,” which showcases Casagrand Mercury’s unparalleled luxury and redefines opulent living through an engaging cinematic experience. Casagrand plans to further scale this campaign with a 360-degree, integrated approach by featuring the TV commercial across prints, advertisements, and digital integrations.
The Casagrand Mercury TVC is a visual spectacle that brings to life the grandeur and scale of one of Chennai’s most iconic residential developments. Designed to appeal to urban homebuyers seeking an exclusive lifestyle, the campaign masterfully showcases Casagrand Mercury’s towering 42-storey architecture, a sprawling 10-storey clubhouse, 130 indulgent amenities, and 17 acres of lush green spaces. Every frame captures the project’s luxurious offerings from the state-of-the-art gym to the elegantly designed living spaces with walk-in closets setting a new benchmark in premium living.
At the heart of the campaign is Hrithik Roshan, an icon of sophistication, excellence, and aspiration. His presence seamlessly aligns with the brand’s vision, reinforcing the essence of Casagrand Mercury that is breathtaking, and larger than life. The TVC blends compelling storytelling with high-end aesthetics, creating an emotionally resonant narrative that positions the project as the ultimate symbol of luxury and exclusivity. With Hrithik Roshan fore fronting the campaign, the TVC not only highlights Casagrand Mercury’s architectural brilliance but also inspires homebuyers to envision a lifestyle that transcends the ordinary.
Speaking about the campaign, Mr. Vimesh P, Senior Vice-President of Marketing, Casagrand, said, “Luxury isn’t just about ownership. It’s about vision, ambition, and the way you experience life. Casagrand Mercury isn’t another high-rise; it’s a landmark that reshapes Chennai’s skyline with scale, sophistication, and world-class living. Hrithik Roshan is the perfect embodiment of this ethos – pushing boundaries, setting new standards, and redefining excellence. This isn’t just a residence; it’s a statement. And with this partnership, we’re not just building homes, we’re shaping the future of urban living.”
Located in Perambur, Casagrand Mercury is Chennai’s first-of-its-kind high-rise residential marvel. Spread across 20 acres, the project boasts 1678 international-standard condominiums, including 2, 3, and 4 BHK high-rise apartments and 4 BHK floor villas. At its heart stands a 42-storey Dubai-styled skyscraper, alongside Chennai’s largest ten-storey clubhouse, Club Celest, spanning 88,790 sq. ft. With 130+ world-class amenities, 17 acres of open green spaces, an infinity walkway, a forest trail, multiple swimming pools, a grand gym, a sky cinema, and more, Casagrand Mercury is the epitome of indulgence.
Rockstar DSP is set to make Bengaluru vibe to his rhythm
Music Director and Composer Rockstar Devi Sri Prasad is all set to perform in Bengaluru! With incredible feats such as aerial acts, drone shows, International dancers, and Budapest Scoring Orchestra performing for the first time in India at Bengaluru, the anticipation for his upcoming India Tour shows have never been higher.
They shared the stage with Rockstar DSP and had dance offs and sang to a few of their favourite tracks. The audience vibed as they got a glimpse of the energy that can be felt in the upcoming live shows. #DSP Live India Tour organized by ACTC Events is set to become a sensational triumph that will become a defining milestone in the music industry.. ACTC Events has been defining the quality and standards of music events in the country through this tour, it’s a never miss opportunity for fans as well as concert lovers to be a part of this journey. Fans can celebrate his signature hits and witness his iconic dance performances live in vibrant and dynamic visual experiences.
Day & Date: Saturday, 15th March 2025
Time: 5:30pm onwards
Venue: NICE Grounds, Madavara, Bengaluru 560073
Bata India x Geisha Designs A Visual Symphony in Fashion
New Delhi, 07th March 2025: Bata India and designer label Geisha Designs come together to present a visually stunning digital showcase of their latest wedding collections. The collaboration brings together Bata’s legacy of style and comfort with the all-new Celebration Collection and the intricate craftsmanship of Geisha with ‘Marquise – Evening Occasion Wear 2025’. Designed for effortless glamour and all-day comfort, Bata’s latest range features metallic heels and refined silhouettes that seamlessly elevate wedding guest style. With the collaboration, Bata India reinforces its commitment to making fashion-forward comfort effortlessly accessible.
Deepika Deepti, Head of Marketing, Bata India, said, “Our collaboration with Designer label Geisha for ‘Marquise – Evening Occasion Wear 2025’ is a natural synergy—bringing together their expertise in couture craftsmanship with our legacy of stylish comfort. Weddings today are about celebrating in style while staying on your feet from the first dance to the last toast. The Bata Celebration Collection is designed precisely for Maximalist dressing for those Cocktail parties during the wedding saga, where you want to shine brighter while having high quality comfort.”
Shalini Jaikaria, Director and Co-founder, Geisha Designs by Paras & Shalini, added, “This collection is a celebration of our commitment to detail and craftsmanship. We are excited to collaborate with Bata to present ‘Marquise,’ an evening Occasion Wear Line, for the modern woman who seeks not just to make a statement but to tell her story—her every gesture a reminder of the beauty in authenticity and the magic of being unapologetically herself.”
With a focus on sophisticated silhouettes and intricate detailing, Bata’s Celebration Collection perfectly complements the latest Marquise collection from Geisha. The new collection is specially designed keeping in mind the various wedding functions, for every wedding moment—from dancing the night away at the Sangeet to leading the Baraat with full energy or effortlessly juggling bridesmaid duties. Curated for those who appreciate style without compromise and with prices starting at just INR 999, the footwear range is available across 1900+ Bata stores, Bata.com and leading E-commerce platforms.
With this collaboration, Bata further solidifies its position at the forefront of stylish, high-quality footwear, effortlessly fusing heritage with modern innovation. As the go-to brand for contemporary wedding fashion, Bata continues to redefine celebration dressing with each collection.
Quality Power Acquires Majority Stake in Mehru Engineers
India 7th March 2025: BSE & NSE listed Quality Power Electrical Equipments Limited (QPEEL) (BSE: 544367; NSE: QPOWER) is pleased to announce the successful majority acquisition of Mehru Electrical and Mechanical Engineers Pvt Ltd (MEMEPL), a leading manufacturer of high-voltage instrument transformers for utilities, industries and power transmission networks. This acquisition represents a strategic milestone, aligning with Quality Power’s long-term vision to expand its technological capabilities, USP, manufacturing scale and global market reach.
Transaction Overview
Quality Power has acquired 51% of the share capital of Mehru for a total cash consideration of Rs. 120 crore, through a Share Purchase Agreement. Trilegal advised Quality Power on the transaction documentation and legal due diligence.
Commenting on the Acquisition of Mehru, Mr. Bharanidharan Pandyan, Joint Managing and Whole-time director, Quality Power, said:
“We are pleased to announce the majority acquisition of Mehru Electrical & Mechanical Engineers, a company with an outstanding legacy in high-voltage instrument transformers. This was one of the main objectives of the recently concluded IPO and I am pleased to share that we have honoured our commitment with lightening speed. From a product portfolio stand point, this strategic move reinforces Quality Power’s commitment to cutting-edge technology, precision engineering, and market leadership in high-voltage equipment.
Mehru’s expertise in oil-filled and dry-type instrument transformers up to 500kV aligns perfectly with our vision of delivering world-class power equipments solutions. With the growing global demand for grid stability, FACTS, and renewable integration, this acquisition positions us strongly in a multi-billion-dollar market energy products market where the barriers to entry are high due to stringent technical requirements and regulatory compliance.
What makes this acquisition even more compelling is Mehru’s highly skilled workforce, whose deep domain knowledge and engineering excellence have earned customer trust over decades. By integrating Mehru’s technology with our advanced manufacturing and global supply chain, we are creating a powerhouse of innovation, reliability, and customer-centric solutions.
With this synergy, Quality Power is now better equipped than ever to serve utilities, industries, and infrastructure projects worldwide with superior, high-precision electrical equipment.”
Mehru Transaction Strategic Rationale
- Enhanced Product Development: Accelerates innovation through advanced R&D capabilities, driving the development of next-generation high-voltage equipment, including smart monitoring and digital integration solutions
- Expanded Product Offerings: Strengthens Quality Power’s portfolio by integrating Mehru’s expertise in instrument transformers with its existing range of shunt reactors, power transformers, line traps, and FACTS (Flexible AC Transmission Systems) solutions, enabling comprehensive high-voltage equipment offerings
- Turnkey Solutions for Metering and Protection Applications: Expands capabilities to provide fully integrated solutions for power grids, renewables, and industrial applications.
- Skilled Workforce: Gains access to Mehru’s team of over 100 engineers, reinforcing a total skilled workforce of more than 500 personnel to drive technology advancements and large-scale project execution
- Geographic Expansion: Extends market reach through Mehru’s established customer base in Southeast Asia and Africa, further enhancing global presence
- Capacity for Large-Scale Projects: Strengthens manufacturing capabilities, optimizing production capacity and operational resilience to efficiently execute large-scale projects in power transmission and distribution
Synergies Driving Growth and Innovation
- Complementary Product Offerings: Mehru’s precision-engineered instrument transformers enhance Quality Power’s power quality and transmission solutions, creating a fully integrated grid equipment portfolio
- Advanced R&D & Engineering: Mehru’s state-of-the-art testing facilities, robust R&D capabilities, and skilled engineering team strengthen Quality Power’s innovation-driven approach, particularly in high voltage products business
- Large-Scale Manufacturing: The integration of Mehru’s expansive production facilities expands Quality Power’s manufacturing footprint, supporting both domestic and international demand
- Market Expansion: Mehru’s strong relationships with Power Grid Corporation of India (PGCIL), state utilities, EPC contractors, and global customers open new avenues for growth for complimentary Quality Power products
- Supply Chain & Cost Optimization: The combination of Mehru’s manufacturing expertise with Quality Power’s vertically integrated supply chain enhances cost efficiencies, project execution, and product reliability
New Product Development & Future Collaborations
Quality Power is committed to developing next-generation instrument transformers with enhanced accuracy, smart monitoring capabilities, and digital integration for modern grid applications. The combined R&D teams will explore cutting-edge solutions, including sensor-based transformers, AI-driven predictive maintenance, and hybrid insulation technologies, aligning with global trends in smart grids and grid automation
Eaton Debuts Solutions for Hazardous Areas at Automation Expo South 2025
CHENNAI, India – Intelligent power management company Eaton is showcasing its advanced solutions for the harsh and hazardous areas at the Automation Expo South 2025, being held in Chennai from 6th to 8th March 2025. Eaton is showcasing cutting-edge technologies, including CCTV systems, signaling and alarms, lighting, and power distribution/controls for process automation and safety, featuring industry-leading products from MTL, CEAG, and HAC portfolio.
The unveiling of new products was led by Simon Matthieson, Vice President & General Manager, EMEA – Crouse-Hinds, B-Line, Oil & Gas, Eaton, Marine Drive, Country Head and Managing Director, India, Eaton, and Philipose Jacob, Country Director, India – Crouse-Hinds, B-Line, Oil and Gas, Eaton, reinforcing Eaton’s commitment to delivering advanced, locally manufactured solutions for critical industries.
“At Eaton, we are committed to developing advanced solutions that enhance safety, efficiency, and reliability in the most challenging environments. As industries evolve, the demand for smarter, more resilient, and locally manufactured solutions continues to grow,” says Philipose Jacob, Country Director, India – Eaton Crouse-Hinds, B-Line, Oil & Gas.
“With a strong focus on innovation, we are integrating cutting-edge technologies to help industries meet the highest safety and performance standards. Our commitment to ‘Make in India’ is reflected in our manufacturing and engineering capabilities, ensuring we deliver world-class solutions tailored to the needs of both local and global markets.”
With a legacy of over 110 years in electrical safety and explosion protection, Eaton recently signed an MoU with the Government of Tamil Nadu to expand its Crouse-Hinds and B-Line facility in Chennai. This expansion will enhance Eaton’s capabilities in digitalization, electrification, and energy transition, reinforcing India’s role in global operations.
Key Technologies on Display include:
- MTL Zone Guardian AC/DC Surge Protection Devices – Advanced SPDs ensuring critical infrastructure protection for renewable energy, EV charging, and industrial applications.
- CCTV Solutions, EPIK Series Explosion-Protected PTZ Cameras – Lightweight, durable, and hot-pluggable for swift installation in hazardous, offshore, and industrial settings, HERNIS Video Management System Software.
- HART over Ethernet Multiplexer – Seamless data integration from field devices to asset management software, optimizing maintenance and reducing downtime.
- CEAG – Industrial Lighting, Power Distribution and Controls.
Explore Eaton’s industry-leading solutions at Automation Expo South 2025. Visit Hall 1, Booth B-11 to see how Eaton is shaping the future of safe, efficient, and reliable industrial operations.
Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most urgent power management challenges, and building a more sustainable society for people today and generations to come.
TCS Partners with Danish Academy to Combat Dengue Through Tech
COPENHAGEN | BENGALURU, March 07, 2025: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, has collaborated with the echo network, a global social innovation initiative hosted by the Danish Academy of Technical Sciences (ATV), to combat outbreaks of dengue fever and other viral diseases. This collaboration aims to harness digital technology and citizen engagement to address pressing public health challenges.
As part of this initiative, TCS will provide technology support to echo network’s ‘I am OneHealth’ program in Bengaluru, India. Leveraging its TCS TECH4HOPE program – a pro bono initiative that provides technology solutions to non-profit organizations – TCS is driving impactful change by enabling communities to combat dengue through data-driven insights and citizen participation. The echo network is funded by the Novo Nordisk Foundation, which supports public health and sustainability worldwide.
Torben Vedel Borchert, Scientific Director, Biotech, Novo Nordisk Foundation, Denmark, said, “It is important for us to support public health and sustainability projects globally, and since 2021 we have supported ATV’s collaboration with the echo network in India. We have recently awarded a new grant for the effort in India, and we are excited to see how TCS can add an even greater local impact to the network.”
TCS is at the forefront of this mission, helping local authorities with actionable insights to effectively prevent and control dengue outbreaks. Utilizing an interactive and free WhatsApp-based chatbot, the project engages school and college students to map hyperlocal environmental conditions impacting dengue transmission.
This citizen-generated data is then enriched with TCS’ advanced IT solutions that analyze humidity, temperature, and other location-specific parameters. The integrated data is transformed into real-time insights in collaboration with several Bengaluru-based organizations, contributing to a Vulnerability Index and an innovative Dengue Prevention Dashboard.
Vikram Sharma, Country Head TCS in Denmark said, “We are proud to collaborate with ATV and echo network on such an important project which not only brings the latest technology but also the citizens onboard. Through our TCS TECH4HOPE initiatives, we can draw on our own TCS colleagues from around the world to share their expertise pro bono. For this project, our colleagues from Europe as well as India are keenly involved to make it an overall success.”
Dengue, a rapidly growing health concern, is the most common mosquito-borne viral disease in many countries, including India. In 2024, the Bengaluru region alone reported over 14,000 cases. The ‘I am OneHealth’ program in collaboration with the Bengaluru Science and Technology Cluster, an initiative by the office of Principal Scientific Adviser to the Government of India of India, unites local communities, academic institutions, and health authorities to fight viral diseases through technology and collective action. This pilot initiative in Bengaluru demonstrates TCS’ commitment to leveraging digital innovation for social good, with plans to replicate the model globally.
By fostering community engagement and providing technological expertise, TCS is committed to empowering societies to combat public health challenges and build resilient communities.