SEARCHED FOR:OFFICE SPACE
Covid-19 adversely affects office space, residential launches in top Indian cities
The total office space absorption for the half-year ended June added up to 13.6m sft for the five cities with positive traction in the first quarter softening the overall half-yearly decline to 31%.
Amazon leases 2.8 million square feet office space in Bengaluru, Chennai and Mumbai
“Amazon has some immediate requirements and has locked in...
Noida continues to drive office space leasing in NCR as companies take advantage of low rents
Property consultants said low rentals, preferen...
Large deals bring real hope for ailing realty with a kickstart in leasing office spaces
These deals indicate that India still offers compelling reasons such as cost arbitrage and a high-quality talent pool for MNCs to set up offices here, industry insiders said.
Absorption of office space fall by 30% : Report
JLL’s report ‘The Next Normal - Real Estate in Post COVID World, office market saw the net absorption fall by 30%, to 8.6 million sq. ft. in Q1 2020, mirroring the moderation of quarterly economic growth to 3.1%.
Indian envoy meets National Space Council, discusses India-US collaboration in science and space
Indian Ambassador to US Taranjit Singh Sandhu said that he had held several meetings with Kelvin Droegmeier, Director, Office of Science and Tech Policy, and Scott Pace, Executive Secretary, National Space Council this week to discuss India-US collaboration in science and space.
MetLife leases 2.95 lakh sft office space in Noida
The new facility that is expected to go live soon and can seat 2750. According to the market sources, the Metlife will be paying an average rental of Rs 50 per sft in Embassy Oxygen.
Noida leaves Gurugram behind in office space leasing even as commercial transactions dip in India
As per the report, NCR saw office transactions decline by 45% YoY to 2.1 msf but Noida recorded a growth of 86% with 1.08 msf leased area.
Office space: Tech MNCs stepping up demand in Bengaluru
Companies like Google, Intel, Amazon, Microsoft, ANSR India and Accenture have either leased or are in talks with local builders to occupy over 6 mn sqft of office space in Bengaluru to consolidate or accommodate their expansion plans.
Netflix signs deal with WeWork for Mumbai space
The transaction for 8,860 square feet, for about 320 seats, was signed on June 30, people aware of the deal said. It will be used to execute visual effects work – which is seeing increased demand in the country -- along with another company, Anibrain.
JLL India looks to grow housing brokerage biz, strengthen presence in realty technology space
"This is a tough year for everyone including JLL. In normal years, JLL (has been) growing at 15 to 18 per cent every year in the topline and bottomline," CEO and country head Ramesh Nair said.
Google's investment spree for more office space livens up real estate market in India
Google is set to pick up over 2 million sq ft commercial space in Hyderabad. It has also signed up for 450,000 sq ft office space in Intellion Edge in Gurgaon, owned by Tata Realty and infrastructure Ltd (TRIL).
View: Home truths of remote working
After the initial burst of productivity, the work from home experiment is unraveling. Most of us are craving for the humble office to bring back some structure and the recent deals for office spaces are a testament to long term robust demand.
ANSR leases three lakh sq ft office space from Embassy Office Parks in Bengaluru
The Dallas-headquartered company has leased the area from Embassy Office Parks’ commercial project for a tenure of 10 years to expand operations in India.
IBM plans to reduce office space by nearly half in India
IBM, which has a large presence in the domestic market, has more than 10 million square feet of leased office space across Bengaluru, Hyderabad, Noida, Gurugram and Kolkata. The company employs more than 100,000 people in the country and also has temporary workers through staffing firms.