Industry News

Dextrus Expands Its Footprint in Mumbai with New Coworking Space at One BKC 0
- Industry News
- April 30, 2024
Explore Dextrus Coworking’s newest 12,000 sqft space at One BKC, Mumbai, designed for productivity and convenience, featuring 300 seats and state-of-the-art amenities.
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India’s Office Real Estate Sees Promising Growth in Early 2024 0
- Industry News
- April 30, 2024
India’s office real estate grew 13% in Q1 2024, reaching 13.40 million sq ft, led by Bengaluru, Chennai, and Hyderabad. Despite a quarterly absorption drop, sectors like IT-ITeS and BFSI thrived. New completions also rose 26% annually, promising a solid year ahead for the market.
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Chennai Outpaces Bengaluru and Hyderabad in MNC Office Leasing 0
- Industry News
- April 30, 2024
Chennai surpassed Bengaluru and Hyderabad in MNC office leasing in 2023, securing 7 million square feet. Driven by competitive rents and robust infrastructure, Chennai’s market thrived, especially in the global capability centre sector, positioning it as a leading destination for multinational corporations.
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WeWork to Exit Indian Market Amid Industry Growth 0
- Industry News
- April 24, 2024
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.
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Offshoring Boom Fuels India’s Office Space Market 0
- Industry News
- April 23, 2024
India’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.
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Brigade Group Strengthens Chennai’s Commercial Real Estate Scene 0
- Industry News
- April 23, 2024
Brigade 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.
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