Blog - Page 15 of 27 - Flex Insights

Cognizant Puts Chennai Headquarters Up for Sale, Valued at ₹750-800 Crore 0
- Industry News
- September 9, 2024
Cognizant is selling its Chennai headquarters, valued at ₹750-800 crore, as part of its plan to consolidate operations at its MEPZ campus. The 15-acre property has been Cognizant’s base for two decades. The sale, managed by JLL, follows the company’s broader operational shift and ongoing legal challenges.
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India Rises as Top Destination for Global Capability Centers with 53 Million Sq Ft Leased Since 2022 0
- Industry News
- September 9, 2024
India has become a top destination for Global Capability Centers (GCCs), leasing 53 million square feet of office space since 2022. With 67% of GCCs planning further expansion, India’s skilled workforce, cost-effectiveness, and supportive government policies continue to attract global firms, boosting the commercial real estate sector.
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IBM Signs ₹143 Crore Lease for Embassy REIT Property, Expands Footprint in India 0
- Industry News
- September 9, 2024
IBM has signed a ₹143 crore lease for 830,000 square feet of office space with Embassy REIT, strengthening its presence in India. The deal highlights the growing demand for premium office spaces in India’s commercial real estate market and reinforces Embassy REIT’s ability to attract major global tenants like IBM.
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Bengaluru Leads India’s Flexible Workspace Growth: Cushman & Wakefield Report 0
- Industry News
- September 9, 2024
Bengaluru leads India’s flexible workspace market, accounting for 31% of the total Grade A flex supply, with 58 million sq ft across top cities. Driven by hybrid work models and high demand from the IT sector, flexible spaces now make up 11-13% of nationwide office space demand, according to Cushman & Wakefield.
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Flexible Workspace Supply Reaches 58 Million Sq Ft in H1 2024 0
- Industry News
- September 6, 2024
India’s flexible workspace supply hit 58 million sq ft by mid-2024, with Bengaluru leading at 31%. The sector has increased, driven by the IT industry and managed office solutions. Flex spaces now account for 11-13% of office demand nationwide, expanding to Tier II and III cities.
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Awfis Expands in Pune, Leases 3 Lakh Sq Ft from Nyati Group 0
- Industry News
- September 6, 2024
Awfis has leased 3 lakh square feet of office space from Nyati Group in Pune, expanding its flexible workspace footprint to half a million square feet. The partnership will introduce premium workspaces at Nyati Empress and Nyati Enthral, meeting the growing demand for adaptable office solutions in Pune’s thriving business ecosystem.
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