Embassy REIT Leases 2.07 Lakh Sq Ft to Cybersecurity Firm Rubrik at Embassy TechVillage
- Industry News
- January 15, 2025
India’s Q1 2024 office market showed resilience, with gross leasing surpassing 15 million sq ft, marking the second-best first quarter. Domestic occupiers led the demand, particularly in BFSI, Flex, and manufacturing sectors. Rental values rose, and Delhi NCR and Bengaluru dominated leasing activity.
READ MOREAwfis Space Solutions’ shares debuted with a 13% stock market premium following a successful IPO. The proceeds will fund new centres, working capital, and corporate purposes, showcasing investor confidence in the coworking space provider.
READ MOREWeWork’s Chapter 11 bankruptcy plan, approved by a U.S. judge, eliminates $4 billion in Debt. The restructuring reduces rent costs by $12 billion, retains 337 locations, and sees SoftBank holding a minority stake.
READ MOREGoogle leases 649,000 square feet in Alembic City, Whitefield, Bengaluru, for Rs 4.02 crore per month. The expansion includes new office space and plans to manufacture smartphones and drones locally.
READ MOREDeloitte opens a groundbreaking ‘phygital’ innovation centre in Bengaluru, spanning 12,500 square feet. The centre aims to enhance business efficiency through advanced technologies and collaborative innovation, driving new growth.
READ MOREGlobal capability centres (GCCs) are set to dominate India’s office leasing market, accounting for 40-45% of leased space in FY25, driven by sectors like engineering, BFSI, and tech. Over 1,900 GCCs will employ 2 million by 2025, highlighting India’s robust talent pool and competitive costs.
READ MOREExplore the financial benefits of TRIOS Coworking spaces, from reduced overhead costs to flexible lease terms and access to premium amenities, for minimizing business expenses while maximizing productivity.
READ MOREEFC India has expanded its coworking spaces by adding 3.6 lakh sq ft in Noida and Pune. This expansion boosts their portfolio to over 1.5 million sq ft across 35+ centres in seven states, offering nearly 50,000 seats.
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