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Smartworks Coworking Spaces Set for ₹5.5 Billion IPO, Supported by Top Legal Teams 0
- Industry News
- September 10, 2024
Smartworks Coworking Spaces is launching a ₹5.5 billion IPO, including an offer to sell 6.7 million equity shares. Legal counsel from Khaitan & Co and Economic Laws Practice (ELP) oversees the process, marking a significant milestone for Smartworks as it expands in India’s growing coworking industry.
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Kangana Ranaut Purchases Office Space in Andheri for ₹1.56 Crore 0
- Industry News
- September 10, 2024
Kangana Ranaut has purchased a 407 sq ft office space in Mumbai’s Andheri for ₹1.56 crore. This transaction is part of a growing trend of Bollywood stars investing in commercial real estate, with high-profile personalities seeking lucrative returns from office and retail properties in prime locations across Mumbai.
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Net Office Leasing in India Set to Grow by 10-12% in FY25: Report 0
- Industry News
- September 10, 2024
Net office leasing in India is projected to grow 10-12% to 41-43 million sq ft in FY25, driven by strong demand from GCCs, BFSI, and manufacturing sectors. Vacancy rates are stabilising, and GCCs are expected to account for 40-45% of total net leasing, signalling continued growth in commercial real estate.
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Ciena Leases 135,000 Sq Ft in Gurugram’s TRIL Tower to Strengthen India Operations 0
- Industry News
- September 10, 2024
Ciena has leased 135,000 square feet of office space in Gurugram’s TRIL Tower to expand its India operations. This move reflects the growing demand for office spaces in the NCR, particularly as SEZs open up. Ciena’s expansion underscores India’s rising importance in the global tech landscape and hybrid work trends.
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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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