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Mumbai’s Office-SEZs Get a New Lease of Life as Leasing Volume Surge
Mumbai's SEZ office spaces saw a 1.50 MSF leasing surge in 2024, an 80% rise from 2023, driven by the government's partial denotification policy. Key sectors leasing SEZ spaces include IT-BPM, BFSI, and Healthcare. Major areas like Powai and Thane-Belapur Road saw significant drops in vacancy rates, attracting multinational corporations with secure, flexible environments.
Gautam Saraf
Managing Director – Mumbai & New Business, Cushman & Wakefield India Private Limited
Gautam Saraf, Managing Director – Mumbai & New Business at Cushman & Wakefield is a highly respected leader in India’s real estate industry. With over two decades of experience, he has pioneered transformative solutions across asset classes, playing a key role in shaping the sector. A market expert in traditional commercial real estate, Gautam was instrumental in pioneering Agency Leasing in India and is a strong advocate of the alternates. As MD Mumbai, he leads a team of 400+ professionals, delivering end-to-end solutions across services, sectors, and asset types. Recognized for his leadership, Gautam was honored with the Exemplary Leader Award by Asia’s Best Employer Brand Awards 2021.
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