Industry News

WeWork’s Bankruptcy Plan Approved, Clears $4 Billion Debt 0
- Industry News
- May 31, 2024
WeWork’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.
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Google Expands Bengaluru Presence with New Office Lease 0
- Industry News
- May 30, 2024
Google 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.
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Deloitte Opens Groundbreaking ‘Phygital’ Innovation Centre in Bengaluru 0
- Industry News
- May 30, 2024
Deloitte 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.
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GCCs to Drive 40-45% of Office Leasing in India by FY25 | CBRE Report 0
- Industry News
- May 30, 2024
Global 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.
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EFC India Expands Coworking Space by 3.6 Lakh Sq Ft in Noida and Pune 0
- Industry News
- May 29, 2024
EFC 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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Awfis Space Solutions’ IPO Subscribed 11.40 Times: A New Milestone for Coworking Spaces 0
- Industry News
- May 28, 2024
Awfis Space Solutions’ IPO was subscribed 11.40 times, reflecting strong investor interest. The Rs 599-crore share sale attracted bids for nearly ten crore shares, with retail investors’ portion subscribed 21.08 times. Proceeds will fund new centres and working capital.
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