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Embassy REIT Secures 8 Lakh Sq. Ft. Lease with Commonwealth Bank in Bengaluru 0
- Industry News
- September 2, 2024
Embassy REIT has signed an 8 lakh sq. ft. lease with the Commonwealth Bank of Australia (CBA) in Bengaluru, marking a significant expansion of CBA’s operations in India. This deal reinforces Bengaluru’s status as a key business hub and highlights Embassy REIT’s role in the premium office space market.
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Ciena Leases 1.35 Lakh Sq. Ft. in Gurugram’s TRIL Tower to Expand India Operations 0
- Industry News
- September 2, 2024
Ciena has leased 1.35 lakh sq. ft. in Gurugram’s TRIL Tower to expand its operations in India. This strategic move highlights the growing demand for premium office spaces in Gurugram, a key business hub. It reflects Ciena’s commitment to strengthening its presence in the telecommunications and IT sectors.
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BlackRock Leases Premium Office Space in Mumbai’s Worli for Rs 1.1 Crore Monthly 0
- Industry News
- August 30, 2024
BlackRock Services India has leased 42,700 sq. ft. of office space in Mumbai’s Worli at Rs 1.1 crore per month. The five-year lease includes a 36-month lock-in period and escalations in rent over time. The office is located in the Altimus Tower by K Raheja Corp.
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Flutter Entertainment Invests $3.5 Million to Open Global Capability Centre in Hyderabad 0
- Industry News
- August 30, 2024
Flutter Entertainment has invested $3.5 million to open an 80,000 sq. ft. Global Capability Centre in Hyderabad. The facility will support over 700 employees and plans to expand to 900 by 2024. The company aims to have 40% women in leadership roles by 2026.
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NatWest Group Expands in Bengaluru with 3.7 Lakh Sq. Ft. Office Lease 0
- Industry News
- August 30, 2024
NatWest Group has leased 3.7 lakh sq. ft. in Bengaluru’s Bagmane Constellation Business Park to expand its engineering workforce, which will be operational by April 2025. This move highlights Bengaluru’s appeal to MNCs, though Chennai is emerging as a strong competitor in the office space market due to lower rental rates.
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Global Capability Centers (GCCs) Fuel India’s Booming Office Space Market 0
- Industry News
- August 29, 2024
Global Capability Centers (GCCs) are driving a surge in India’s office space demand, with 53 million square feet leased since 2022. As 67% of GCCs plan to expand further, developers are focused on creating premium office spaces, particularly in regions like Delhi-NCR and Gurugram, to meet this growing demand.
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