India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

IBM India has leased 2.3 lakh sq ft at Intellion Park, Gurugram, for 10 years with a total rent outlay of ₹180 crore. The deal covers floors 7–12 of Tower 4, includes 307 parking slots, and signals rising demand for large, long-term Grade A office commitments in NCR.
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EY Global Delivery Services India LLP has leased 1.72 lakh sq ft of office space at Embassy Oxygen Business Park, Noida, for five years at a monthly rent of ₹98.52 lakh. The transaction highlights strong office demand in Noida amid rising GCC activity and infrastructure-led growth in Delhi-NCR.
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Eternal Ltd, parent company of Zomato, has leased 2.78 lakh sq ft of Grade-A office space at Intellion Park, Gurugram, at a monthly rent of ₹2.33 crore. The long-term deal highlights strong confidence in NCR’s office market and Gurugram’s growing appeal for large tech occupiers.
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Walmart Global Tech has leased 1.01 lakh sq ft of office space in North Bengaluru’s Devanahalli for five years, underscoring its commitment to India and in-office collaboration. The deal highlights growing enterprise interest in airport-linked business corridors and signals Devanahalli’s rise as a key GCC destination.
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Kajol has leased a 1,817 sq. ft. retail/office unit in Goregaon West’s Bharat Arize for 9 years, starting at ₹6.9 lakh per month, with 15% rent escalations every 3 years. The structure is expected to yield around ₹8.6 crore in total rent and underlines Goregaon West’s rise as a key commercial hub.
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Google IT Services India has renewed leases for 8.7 lakh sq ft of office space in Bengaluru’s Bagmane Capital Business Park, committing ₹90 crore annually. Alongside Mumbai’s Bandra-Kurla Complex and Hyderabad expansions, these renewals highlight Google’s strategic investment in premium Indian office spaces to support its growing operations.
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