FLEXIBLE OFFICE SPACE
Samsung R&D Institute-Bangalore renews office lease for 5 years Samsung Research and Development Institute India-Bangalore (SRI-B) has renewed its lease for 420,000 square feet of office space in Bengaluru with Bagmane Developers. This lease renewal is set for a duration of five years, beginning in June this yea...
08 Jul, 2024, 06.48 PM ISTGlobal Capability Centres drive office leasing in H1 2024, with a 37% share India's office leasing market is dominated by Global Capability Centres (GCCs), with 37% of total leasing activity in January to June 2024. The country's robust workforce, competitive costs, and established ecosystem make it a key market for GCCs. W...
04 Jul, 2024, 11.40 AM ISTM3M leases 220,000 sq ft to flexible workspace provider Incuspaze in Gurugram Flexible workspace provider Incuspaze has leased 220,000 sq ft in Gurgaon's M3M Urbana project, following a 600,000 sq ft lease last quarter across three cities. As demand grows, Incuspaze is expanding rapidly. The flex workspace market is expected ...
03 Jul, 2024, 05.46 PM IST- ADVERTISEMENT
Corporates embrace more flexibility amidst the hybrid work model About 30% of occupiers are expected to expand their use of flexible office space over the next 12 months, while 17% are likely to consolidate their offices into fewer locations, CBRE said in its latest ‘2024 India Office Occupier Survey’.
02 Jul, 2024, 06.19 PM ISTAwfis plans to raise seats by 50% in FY25 Awfis Space Solutions targets a 50% seat expansion to 135,000, focusing on managed office spaces to drive revenue growth. The company plans to add 40,000 seats by FY25, with new centers following a managed aggregation model. Sobia Khan's report high...
01 Jul, 2024, 12.52 AM ISTWeWork India appoints Janak Malkani to drive expansion in managed office business WeWork India has appointed Janak Malkani as the head of managed office and sales for the West region. Malkani's extensive real estate experience will enhance WeWork India's managed office offerings, with a focus on innovative and efficient workspace...
29 Jun, 2024, 11.20 AM ISTFlexible workspace operator Smartworks raises Rs 168 crore “Capital from the latest fund raising will be used for the growth and expansion of the business of the company and to meet its general corporate expenses,” said Neetish Sarda, founder Smartworks.
27 Jun, 2024, 12.08 PM ISTGross leasing of office space up 8 pc to 158 lakh sq ft in Apr-Jun in top 6 cities: Colliers India's office market shows resilience with sustained growth driven by positive economic indicators. The surge in demand for quality office spaces, led by technology and manufacturing sectors, is expected to surpass 50 million square feet in 2024, r...
26 Jun, 2024, 12.36 PM ISTFlexible workspace operator Spring House leases 300,000 sq fr at MVN Aero One mall in Gurgaon Spring House secured 300,000 sq ft at Gurgaon's MVN Aero One mall, offering cost-effective office spaces. The location caters to diverse demands, including from large enterprises and startups focusing on research and development operations.
25 Jun, 2024, 06.39 PM ISTAs work-from-home trend declines, flexible office spaces work for employees and companies Providing convenience and flexibility for employees on one hand, cost-effectiveness, and asset-light models for employers on the other, coworking/managed spaces are booming. Demand for such spaces is soaring in large metros and Tier-2 cities alike a...
02 Jun, 2024, 11.33 PM ISTGlobal capability centres lease 17% more space in FY24 Global capability centres (GCCs) increased their space usage by 17% in FY 2023-24, reaching 22.5 million sq ft, driven by engineering, BFSI, and technology sectors, according to CBRE. GCCs are a key driver in India's office sector, projected to leas...
29 May, 2024, 12.43 AM ISTGoogle leases 6,49,000 sq ft office space in Bengaluru The company has lined up significant investments in the Indian market. This includes plans to manufacture smartphones at a Foxconn facility in Tamil Nadu and starting independent drone manufacturing in the state. Google aims to start production of P...
27 May, 2024, 11.38 PM ISTGodrej & Boyce sells 58,500 sq ft office space in Mumbai’s Vikhroli to Godrej Industries The office space on the 9th floor has already been leased to managed flexible workspace provider Simpliwork Offices for a period of 60 months until March 31, 2026. This lease will also be transferred to Godrej industries as the new landlord, showed ...
27 May, 2024, 08.38 PM ISTSmartworks expands Pune portfolio, leases entire 6 lakh sq ft tower in Balewadi Smartworks leases tower in Pune's Balewadi for coworking with 8,000 desks. The Indian market has become one of the fastest-growing centers for flexible office spaces, driven by the rising demand for adaptable workspace solutions from large corporati...
18 May, 2024, 02.46 PM ISTTable Space targets high growth, leases over 2.5 million sq ft across four cities Table Space expands its presence in Indian cities by acquiring and leasing office spaces to meet the growing demand for managed workspaces. They aim to add more space in key metros and provide world-class workspace solutions.
13 May, 2024, 04.27 PM ISTIncuspaze leases 350,000 sq ft in Gurugram The company has also leased 150,000 sq ft space in Pune and 60,000 sq ft space in Jaipur, as it is looking to add 1.5 million sq ft this year owing to increasing demand for flexible space in the country.
08 May, 2024, 09.24 AM ISTMicrosoft buys land in Hyderabad for Rs 267 cr to build data centre Microsoft has acquired 48 acres of land in Hyderabad for a deal worth around '267 crore. The property, located about forty kilometers from Hyderabad, is part of Microsoft's plans to expand its data centre business. The acquisition adds to its existi...
07 May, 2024, 01.22 AM ISTFlexible space operators takes 22% share in office space leasing Flexible space operators have become the second-largest sector in office leasing for the first time in the Jan-Mar quarter, accounting for 22% of the total 14.4 million sq ft leased. With tech and BFSI sectors leading, India's office sector outlook ...
04 Apr, 2024, 12.01 PM ISTCo-working firm 315Work Avenue aims to double portfolio amid high demand It also plan to expand its presence in the New Delhi & NCR and Hyderabad markets. The company aims to have a presence across 10-12 cities in its portfolio over the next two years. It also plans to scale up its operations in Bangalore to over 50 cent...
19 Mar, 2024, 12.18 PM ISTFlexible workspace operators raise Rs 4,600 crore after Covid Flexible workspace operators in India have raised Rs 4,600 crore post-Covid, compared to Rs 1,400 crore in the five years before the pandemic, as companies adopt hybrid work models. The market size for flexible office real estate is expected to grow...
14 Mar, 2024, 11.37 AM IST