Industry News

Microsoft Acquires Prime Land for Data Centre in Hyderabad 0
- Industry News
- May 15, 2024
Microsoft has acquired 48 acres of land in Hyderabad for Rs 267 crore to build a new data centre. Located 40 km from the city, this facility will be one of the region’s largest, reflecting Microsoft’s expansion of its data centre business in India.
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Office Leasing Set for Strong Growth in 2024 0
- Industry News
- May 15, 2024
Office leasing will surge in 2024, driven by the technology sector. Prime cities like Bengaluru and Hyderabad lead the growth. In 2023, office absorption hit a four-year high, with significant contributions from Global Capability Centres. This trend is set to continue, reflecting a strong commercial real estate market.
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The Executive Centre Reports 31% Revenue Growth in India 0
- Industry News
- May 9, 2024
The Executive Centre (TEC) has reported a 31% revenue growth in India, reaching Rs 475 crore in 2023. This surge is attributed to expanding its premium, flexible workspaces across major cities, meeting the increased demand post-COVID. TEC now operates 40 centres with high occupancy rates in India.
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CapitaLand India Trust Boosts Hyderabad IT Hub with Strategic Acquisition 0
- Industry News
- May 8, 2024
CapitaLand India Trust has sealed a deal to acquire IT buildings covering 2.5 million sqft in Hyderabad’s HITEC City. This strategic purchase, expected to enhance unitholder earnings, fortifies CLINT’s presence in a vital tech hub and promises robust regional growth.
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Embassy REIT Ramps Up Investment for Office Space Expansion 0
- Industry News
- May 8, 2024
Embassy Office Parks REIT announces a Rs 3,800 crore investment to develop 61 lakh sq ft of premium office space in Bengaluru to expand its rental portfolio. The project, part of a broader strategy to meet rising demand, will enhance the Embassy’s 36.5 million sq ft portfolio.
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Awfis Expands Presence in South India with 8,000 New Seats 0
- Industry News
- May 8, 2024
Awfis has expanded its footprint in South India, launching 11 new centres with 8,000 seats across Bengaluru, Chennai, Hyderabad, and Kochi. This $10 million investment boosts its national presence to 150 centres, offering modern workspaces in key business locales.
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