Protean eGov Technologies, a provider of e-Governance solutions, has signed a lease for 68,021 sq ft of office space at One International Center in Lower Parel, Mumbai. Colliers India, a real estate services firm, facilitated the transaction, with the company’s design team also overseeing the project’s design.
“We look forward to creating a space that reflects our mission, fuels our impact, and supports the future of digital governance in India,” said Dipali Sheth, chief human resources officer of Protean eGov Technologies.
A recent report by FICCI and Colliers India forecasts that the commercial real estate market will grow to 65-70 million sq ft by 2025. Global Capability Centres (GCCs) have become a significant demand driver, with Mumbai experiencing a fourfold rise in GCC occupancy in 2024 compared to 2023.
This trend highlights Mumbai’s growing importance as a hub for global business operations, signalling strong prospects for the commercial real estate sector in the coming years.
