India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024
Four major MNCs, including Qualcomm and IBM India, have leased over 870,000 sq. ft. of office space in Hyderabad’s booming IT sector. This surge reflects the city’s robust real estate market and infrastructure development. Hyderabad is solidifying its position as a premier business hub with strong residential and commercial growth.
READ MOREThe Competition Commission of India approved Real Trustee Advisory Co.’s stake acquisition in WeWork India Management. The deal involves Volrado Venture Partners and Embassy Buildcon. WeWork India’s operations remain strong, with notable financial performance despite global uncertainties. This acquisition supports fair competition and the growth of flexible workspaces in India.
READ MOREGoa’s Tourism Minister Rohan Khaunte plans to transform Goa into a digital nomad hub by enhancing internet infrastructure and creating beachside coworking spaces. The initiative aims to boost the local economy and attract high-spending remote workers. Additionally, Goa is advocating for a digital nomad visa to facilitate long-term stays.
READ MOREGlobal corporations are flocking to Chennai, driving high demand for flexible office spaces. From April to June 2024, 0.7 million sq. ft. was leased to flexi-space operators. Companies favour operational over capital expenses, with key micro markets in OMR and Guindy seeing significant activity.
READ MORETier-II cities in India are becoming new hotspots for flexible workspaces, with Ahmedabad leading in flex stock at over 0.5 million sq. ft. The growth, driven by the IT and e-commerce sectors, is highlighted by significant expansions by major operators in cities like Chandigarh, Jaipur, and Kochi.
READ MOREAmazon is expanding its presence in Bengaluru by leasing 1.1 million sq ft of office space from Sattva Group to house over 7,000 employees. This expansion is located near the international airport and is part of Amazon’s broader growth strategy in major Indian cities.
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