ECOWORLD BENGALURU
Bengaluru companies make commute a KRA
Companies in Bengaluru are tackling traffic congestion by offering financial incentives for mass transit and carpooling. They are discouraging single-occupancy vehicles by charging for office parking. Firms like NetApp, Mashreq Bank, TCS, and Infosys are leading this effort in tech hubs like RMZ Ecoworld and Embassy Tech Village. Employees are offered transportation benefits, including shuttle services and metro passes, as part of their compensation. Carpooling is encouraged with incentives like preferential parking and monthly stipends. This strategy aims to reduce traffic pressure and promote sustainable commuting options.
LGBTQIA: Brookfield joins hands with Aravani to use artwork to create awareness about inclusivity
The Indian public art collective, Aravani Project, brings together people from the LGBTQIA+ community to create awareness and wellbeing through art. Brookfield Properties aims to support and empower the community across its properties through such initiatives, the company said in a press statement.
Accelerating the ESG revolution: Brookfield Properties leads the way for India Inc
Brookfield Properties and The Economic Times have launched the Earth Forward: ESG Dialogues series in Bengaluru, New Delhi, and Mumbai. The series aims to facilitate discussions on sustainable strategies across various sectors.
Bengaluru, Chennai employees emerge toppers in Qriosity quiz on India
Vikas Gupta and Aswath Venkataraman from WestBridge Capital, Ecoworld, Bengaluru, have clinched the winner position in a corporate quiz organized on India’s glorious past, vibrant present and promising future. Commercial real estate developer and operators, Brookfield Properties conducted the quiz across Bengaluru, Chennai, Delhi, Gurugram, Kolkata, Mumbai and Noida for employees at its tenant companies across these cities.
Morgan Stanley Advantage Services renews its lease for commercial office space in Bengaluru
The property, in Ecoworld on Outer Ring Road, was leased from RMZ Corp for 120 months with 15% escalation every three years.
Zolostays foray into luxury hotel space with launch of Hotel Z Triloha in Bengaluru
"Our entry into the luxury segment with this launch in Bangalore marks a significant milestone in our expansion plans. Our expansion strategy is built on extensive market research and a deep understanding of local culture and regulations, coupled with an unwavering commitment to excellence," said Nikhil Sikri, Co-founder and CEO of ZoloStays.
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Morgan Stanley leases sea-view office space in Mumbai’s Worli for India HQ
The new office is likely to house the headquarters of Morgan Stanley India. The company currently has a total four offices in Mumbai including its corporate office in Lower Parel and three global in-house centers in suburbs.
Flood-hit MNCs, tech firms in Bengaluru now plan to buy boats for emergencies
According to a ToI report, a US-based leading global financial services in the ORR area has already procured inflatable rubber boat. The company used it to rescue over 100 employees and their families during the recent flooding. ORR area, a cluster of chrome-and-glass towers, has offices of international firms like Microsoft, Intel, Goldman Sachs and Morgan Stanley.
Toshiba Johnson Elevators bags orders to supply 168 elevators
"Enabling people to move smoothly, safely, comfortably and quickly in an increasingly urbanizing environment, is central to our business philosophy and we look forward to delivering our world-class elevator products and technology to customers," Katsuhiko Sato, Managing Director, TJEI said.
IT companies on Bengaluru’s outer ring road asked to extend WFH till December 2022
The Outer Ring Road is the most prominent office cluster in the city consisting of business parks such as Manyata Embassy Tech Park, Cessna Business Park, Embassy Tech Village, RMZ Ecoworld and Prestige Tech Park, housing companies such as Flipkart, JP Morgan, ANZ, Cisco, Intel, IBM, Accenture, Goldman Sachs, Microsoft, Samsung, and Dell EMC.
RMZ divests 18% of their real estate assets worth $2 billion to Brookfield
The deal will fuel RMZ's hyper- growth strategy of growing their real asset portfolio to 87M sqft. and US$15 billion from their current portfolio of $10 billion and 67 mnsqft. over the next six years.
Brookfield Asset Management acquires RMZ Corp’s assets for over Rs 15,000 crore
India’s commercial real estate clocked 11 million sq. ft. of leasing deals in the past three months and negotiations for an additional 8 million sq. ft. are underway even during the ongoing Covid19 pandemic.
Brookfield to acquire RMZ Corp's assets worth Rs 12,500 crore
The largest real estate transaction in the country will see RMZ Corp exit its co-working business CoWrks that has around 16 centres. In all, Brookfield is set to acquire around 12.8 million sq ft of income-generating assets from RMZ Corp.
RMZ-Mitsui Fudosan JV to develop $1 billion assets
First project undertaken by JV in Bengaluru; companies plan to expand into Hyderabad, Mumbai and Delhi-NCR
Wheel of fortune: From Google to Wipro, Move-In-Sync is enabling seamless employee transportation
MoveInSync has been successfully trying to resolve the employee transport issues to a certain extent and has emerged as the largest office commute platform in the country.
Sixt: Premium mobility provider sets-up its R&D facility in Bengaluru
PRESS RELEASE Sixt: Premium mobility provider sets-up its R&D facility in Bengaluru · New facility is an important building block in developing AI first, nex...
Filling the gaps: Tech parks, malls in Bengaluru are becoming spaces for displaying art
Like theatre has broken out of the confines of an auditorium, art initiatives are also exploring alternative spaces.
RMZ plans Telangana's largest coworking facility in Hyderabad
CoWrks' facility will be spread over 1.6 lakh sq ft and will house at least 3,000 professionals. This is CoWrks' fifth city venture after Bengaluru, Delhi-NCR, Mumbai and Chennai.
I want to arrest your senses of sight, touch and colour: Artist Ravinder Reddy
The celebrated artist is in Bengaluru with a solo exhibition of his women sculptures after a decade.
Tech companies, MNCs strive to recycle the waste they generate
Real estate developer RMZ Corp's tech parks EcoWorld and Infinity have been able to reduce their percentage of mixed, or unsegregated, waste to about 15% from 50% in recent months.
Qatar fund may back RMZ scion's co-working startup
QIA has been a large investor in RMZ's office space portfolio, topping 20 million sqft and has supported growth through acquisitions.
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