You Searched for: office space market
Japan’s Sumitomo Corporation Group has made a major move in Mumbai’s real estate market by acquiring a nearly 2-acre prime land parcel in Worli from the Wadia Group’s Bombay Dyeing & Manufacturing Company for ₹440 crore. This deal further solidifies Sumitomo’s presence Indian real estate.
- 11th Sep 2024
- 1146 Views
Over 350 million square feet of developed commercial office space will propel India's SM REITs market to $60 billion by 2026. This regulation increases openness, investor protection, and engagement. Union Budget tax revisions and SEBI framework boost real estate securitisation.
- 8th Sep 2024
- 1136 Views
Amazon, Cognizant, IBM, Accenture, and McKinsey are renewing leases in India's office space market, which is booming. Bangalore led the list of cities where major firms renewed office space, with 1.6 million square feet renewed between January and July 2024.
- 3rd Sep 2024
- 1142 Views
IBM renewed its lease for 830,000 square feet of Embassy Golf Links Business Park office space in Bengaluru. The ₹143 crore yearly leasing contract is one of the biggest in the commercial office space category this year. According to insiders, this initiative would strengthen the US technology giant
- 31st Aug 2024
- 1170 Views
Flexible workspace provider Smartworks has expanded internationally by leasing 35,000 square feet of office space in Singapore. Smartworks is one of the first Indian flexible workspace companies to operate abroad.
- 21st Aug 2024
- 1154 Views
Volkswagen Group Technology Solutions India has leased a three-story commercial tower in Hinjewadi, Pune, for over five years. In the Embassy Tech Zone of the Rajiv Gandhi InfoTech Park in the second phase of Hinjewadi development, this new office occupies over 123,000 sq ft in the Hudson Block.
- 19th Aug 2024
- 1154 Views
A senior official at Bhive Workspaces, a top provider of managed office spaces, has announced plans for an IPO valued over ₹800 crore in the coming year. Before the IPO, Bhive wants to diversify its portfolio by lowering its 95% reliance on Bengaluru.
- 9th Aug 2024
- 1181 Views
First Bank Leases Goregaon Premium Office Space Mumbai: IDFC First Bank has leased an office space at Göegaon's Oberoi Commerz III tower spread across 4 floors. Under the five-year leasing arrangement, the bank would pay ₹170 crore in rent.
- 7th Aug 2024
- 1170 Views
WeWork India has extended its five-floor, 1.4 lakh-square-foot lease at Goregaon East's Nesco IT Park. It would cost about ₹152 crore over five years for this strategic move.
- 27th Jul 2024
- 1166 Views
Bengaluru has become India's largest and most important office market, surpassing all other cities. In June 2024, the city's office space exceeded 223 million sq ft, up from 100 million in 2013. It has the most office space in India. This brief report from Ghar.tv highlights critical points.
- 20th Jul 2024
- 1208 Views
Ixora Properties, Kalpataru's affiliate, sold ICICI Prudential Asset Management Company a Santacruz commercial skyscraper for about INR 315 crore. The asset management firm will move inside Kalpataru Infinia's new facility.
- 3rd Jul 2024
- 1192 Views
Office space leasing in India's top six cities rose 19% to 29.4 million square feet in the first half of 2024. Mumbai and Hyderabad quadrupled office space absorption, with Bengaluru leading at 8.8 million sq ft.
- 27th Jun 2024
- 1201 Views
Amazon will lease over 1.1 million sq ft of office space from Sattva Group in North Bengaluru, expanding its operations there. Amazon will occupy the 11-story office tower in Sattva Horizon business park near the international airport, which will house roughly 7,000 people.
- 14th Jun 2024
- 1284 Views
The office leasing industry is heavily influenced by GCCs in India because to their skill and cost advantages. GCCs continue to alter India's commercial real estate market as they develop across industries.
- 30th May 2024
- 1253 Views
Google leased 649,000 sq ft of office space in Alembic City in Whitefield, Bengaluru. Sources report a monthly fee of ₹62 per sq ft with a three-year lock-in term. Google has been proactively purchasing conventional and flexible office premises in key Indian cities to expand its footprint.
- 29th May 2024
- 1272 Views