Developers Redefine Kolkata’s Commercial Space with Innovative Business Parks
Kolkata, 27th February, 2025: Kolkata is witnessing a significant shift in its commercial real estate landscape, with companies increasingly opting for luxury office spaces in business parks developed by reputed builders. Established developers are setting new benchmarks in office infrastructure by offering premium work environments that integrate quality construction, sustainability, and world-class amenities.
Businesses today are looking beyond just office spaces; they seek a holistic ecosystem that enhances corporate branding, productivity, and employee satisfaction. This growing preference for Grade A office spaces is driven by the need for modern infrastructure, energy-efficient designs, and seamless connectivity.
According to a recent report by CBRE South Asia, office space demand in Kolkata reached a robust 1.3 million square feet in 2024, reflecting a slight but consistent increase from 1.2 million square feet in 2023. This growth comes at a time when major cities like Delhi-NCR, Chennai, and Pune have reported declining demand for office spaces. The surge in Kolkata’s office leasing activity has been primarily driven by the IT sector, which accounted for a significant 52% of the city’s total absorption in the October-December 2024 period. The technology sector led with a 35% share of the demand, followed by the automobile industry and the research, consulting, and analytics sectors.
“Businesses today are looking beyond conventional offices; they seek an environment that fosters collaboration, innovation, and overall work-life balance. Recent trends show aggressive investments in property, the value of which appreciates over time while providing stable rental income, thus creating a viable, secure asset. With Keventer One, the promise is to transform all aspects of work life into a comfort and progressive zone. Transform the way business is done in Kolkata. The way we think about workspaces. Our newly developed Keventer One brings a new kind of energy to the city—spacious, open workspaces that make office-goers feel weightless, free, and productive,” said BP Singh Roy, COO of Keventer Realty.
With leading developers curating business parks that provide wellness centers, breakout zones, premium food courts, and smart office solutions, companies are finding greater value in investing in premium workspaces. Rajendra Prasad, Chairman of Prasad Group, emphasized, “Organizations recognize the importance of employee retention and satisfaction, which is why premium office spaces offering comprehensive amenities are now a key priority. The trend is particularly strong among multinational corporations, IT firms, and financial services companies, as they see Grade A office spaces as a strategic investment for long-term growth.”
Pawan Agarwal, Director of NK Realtors, highlighted that accessibility remains a crucial factor in this transition, with companies preferring well-connected business parks to transport networks, metro stations, and major highways.
As corporate needs evolve, the demand for premium business parks is expected to rise, positioning Grade A office spaces as the new standard for modern workplaces in Kolkata.