The Executive Centre Reports 31% Revenue Growth in India
- Industry News
- May 9, 2024
The Executive Centre (TEC) has reported a 31% revenue growth in India, reaching Rs 475 crore in 2023. This surge is attributed to expanding its premium, flexible workspaces across major cities, meeting the increased demand post-COVID. TEC now operates 40 centres with high occupancy rates in India.
READ MORECapitaLand India Trust has sealed a deal to acquire IT buildings covering 2.5 million sqft in Hyderabad’s HITEC City. This strategic purchase, expected to enhance unitholder earnings, fortifies CLINT’s presence in a vital tech hub and promises robust regional growth.
READ MOREEmbassy Office Parks REIT announces a Rs 3,800 crore investment to develop 61 lakh sq ft of premium office space in Bengaluru to expand its rental portfolio. The project, part of a broader strategy to meet rising demand, will enhance the Embassy’s 36.5 million sq ft portfolio.
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Emerging from the pandemic, businesses are pivoting towards co-working spaces, seen as the future of office setups. In India, these flexible and hybrid work environments are becoming essential for freelancers, entrepreneurs, and remote workers. Space Creators Heights exemplifies this shift, focusing on community, well-being, and innovation in office design. It forecasts substantial growth in the market by 2029.
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