Sanofi Expands Presence in India with Major Hyderabad Office Lease
- Industry News
- February 3, 2025
WeWork Inc. is exiting the Indian market, selling its 27% stake as part of a 40% divestment involving Embassy Group. Amidst its U.S. bankruptcy, WeWork India’sIndia’s growth surged, showing a 68% revenue increase in FY23. The deal awaits the approval of the Competition Commission of India.
READ MOREIndia’s offshoring industry is fueling a surge in office space leases, now accounting for over 46% of the market. Companies increasingly seek Grade A spaces in metro cities like Bengaluru, Mumbai, Hyderabad, and Pune, driving demand for high-quality, sustainable office spaces.
READ MOREBrigade Group is set to invest Rs 4 billion in developing premium office spaces in Chennai, aiming to enhance the city’s commercial infrastructure and attract more corporate tenants.
READ MOREExplore seven key strategies to transform your office into a nature-centric space. From biophilic design to maximizing natural light and sustainable practices, learn how to boost employee well-being and productivity.
READ MOREIn Q1 2024, Delhi-NCR’s office leasing soared to 4.03 million sq ft, with flex spaces accounting for over a third. NH-8 Gurugram and Noida City led, highlighting a shift towards flexible work environments in prime commercial hubs.
READ MOREMaster the art of conducting successful meetings with our 19 essential tips. From meticulous planning to leveraging coworking spaces, learn how to set the right tone, engage participants, and ensure productivity. Elevate your professional image and make every meeting count with our comprehensive guide.
READ MOREIndia’s real estate market is forecasted to triple to $1.5 trillion by 2034, driven by rising demand across residential, commercial, and warehousing sectors. The sector’s GDP contribution is also expected to increase, with significant urban housing and office space growth.
READ MOREThe Q1 2024 India Office Market Overview by Colliers highlights robust growth in Bengaluru and Hyderabad, driving 50% of leasing activities and 75% of new supply. Rental rates are on the rise, and with stable vacancy levels, the market promises lucrative opportunities for investors and occupiers alike.
READ MOREWith its ambitious plans, DevX is poised to double its coworking spaces to a staggering 2 million sq ft in just two years. This expansion strategy also includes international destinations like Dubai and Singapore. Bolstered by a recent $7 million funding boost, DevX is also making strategic partnerships, such as the one with Deakin University for its new India campus.
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