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  • Cognizant renews lease for 6.27 lakh sq ft office space in Pune for 5 years May 26, 2023 06:58 PM IST

    Cognizant renews lease for 6.27 lakh sq ft office space in Pune for 5 years

    According to Propstack, the total monthly rent will come to Rs 3.35 crore

  • Memory chip maker Micron Technology leases 10.43 lakh sq ft in Hyderabad May 16, 2023 04:40 PM IST

    Memory chip maker Micron Technology leases 10.43 lakh sq ft in Hyderabad

    The company has leased ground plus 16 floors in the building Phoenix Aquila located in Gachibowli

  • Flex space operators leased 2.9 million sq ft in Delhi-NCR in 2022: JLL report May 08, 2023 04:10 PM IST

    Flex space operators leased 2.9 million sq ft in Delhi-NCR in 2022: JLL report

    Most of the demand was from enterprises looking for customised flex spaces with a focus on end-to-end amenities and workplace management. As work-from-office accelerates, the flex spaces segment will continue to see healthy demand in large markets, the report said.

  • Real estate sentiment score dips to 57 in Q1 CY23 on global slowdown fears: Report May 05, 2023 04:51 PM IST

    Real estate sentiment score dips to 57 in Q1 CY23 on global slowdown fears: Report

    However, the future sentiment score has increased from 58 in Q4 CY22 to 61 in Q1 CY23 due to the resilience of India's macroeconomic indicators and rising domestic consumer confidence.

  • Will Cognizant’s decision to reduce office space hurt the real estate market?  May 05, 2023 08:10 PM IST

    Will Cognizant’s decision to reduce office space hurt the real estate market? 

    Cognizant Office Space: According to a real estate industry expert, Cognizant giving up 11 million square feet of commercial office space in large cities may not have a huge impact on the commercial market in India.

  • $100 million! What Cognizant will save by giving up 11 million square feet in office space May 04, 2023 05:50 PM IST

    $100 million! What Cognizant will save by giving up 11 million square feet in office space

    Cognizant doesn’t expect all employees are going to come back to offices in tier-one cities, and is looking at collaborative spaces in smaller cities.

  • Cognizant to cut down 3,500 jobs amid fears of a slump in revenue this year May 05, 2023 06:22 AM IST

    Cognizant to cut down 3,500 jobs amid fears of a slump in revenue this year

    Cognizant will also give up 11 million sq feet in office space, or 80,000 seats, in large cities in India to help cut costs and boost margins, which are trending in the 15 percent range

  • Google takes up more than 100,000 sq ft of co-working space in Pune for three years  May 03, 2023 06:21 PM IST

    Google takes up more than 100,000 sq ft of co-working space in Pune for three years 

    It’s the latest in a series of lease agreements signed by Google, which In February leased over 2.9 million sq ft of space in Bengaluru through six separate deals. 

  • HDFC Bank leases 2.17 lakh sq ft office space in Noida for 18 years; monthly rent @ Rs 1.47 crore May 01, 2023 07:16 PM IST

    HDFC Bank leases 2.17 lakh sq ft office space in Noida for 18 years; monthly rent @ Rs 1.47 crore

    The agreement comes with a rent escalation clause of 15 percent every three years. 

  • Deloitte leases 1.56 lakh sq ft office space in Pune for 10 years April 27, 2023 08:43 PM IST

    Deloitte leases 1.56 lakh sq ft office space in Pune for 10 years

    This space is spread across two floors in an IT part in Kharadi, Pune

  • Office space absorption touches 14 million sq ft in Q1 2023, fell by 11% annually: Report April 24, 2023 03:55 PM IST

    Office space absorption touches 14 million sq ft in Q1 2023, fell by 11% annually: Report

    On a quarterly basis, though, the absorption rate witnessed a record growth of 16 percent and new supply infusion came in at 13.1 million square feet in Q1 2023, up 23 percent sequentially

  • Fidelity Group firm leases office space in Mumbai for Rs 34.5 lakh a month April 24, 2023 01:39 PM IST

    Fidelity Group firm leases office space in Mumbai for Rs 34.5 lakh a month

    Eight Roads Ventures has leased 6,150 sq ft on the 16th floor of Avighna House on Dr Annie Besant Road, Worli, at a starting monthly rent of Rs 561 per sq ft.  The agreement includes an escalation clause for rentals at the rate of 9.5 percent every 24 months, documents show

  • French reinsurance firm leases office space in Mumbai at Rs 40 lakh a month April 08, 2023 08:03 AM IST

    French reinsurance firm leases office space in Mumbai at Rs 40 lakh a month

    The per sq ft rent works out to around Rs 505, making it the most expensive commercial real estate lease deal so far, real estate experts said. However, the deal is an outlier in terms of commercial rentals, they added

  • Office leasing touches 12.6 million sq ft between January-March: CBRE April 05, 2023 10:35 PM IST

    Office leasing touches 12.6 million sq ft between January-March: CBRE

    Bangalore, Delhi-NCR and Chennai accounted for 62 percent of the overall transaction activity during the quarter.

  • The Executive Centre to add four new flexible workspace facilities in India in 2023 April 04, 2023 08:04 PM IST

    The Executive Centre to add four new flexible workspace facilities in India in 2023

    This would take the office space footprint to 1.4 million sq ft, the company said

  • 79,126 homes sold across top 8 cities, 11.3 msf office space leased in Q4 22-23: Knight Frank April 03, 2023 04:03 PM IST

    79,126 homes sold across top 8 cities, 11.3 msf office space leased in Q4 22-23: Knight Frank

    The residential market remained resilient in the face of rising interest rates and prices, while the demand for commercial spaces were driven by the return-to-office transition, among others.

  • Global slowdown, layoffs hit office demand; gross leasing down 19% in January-March across six cities: Report April 01, 2023 09:34 PM IST

    Global slowdown, layoffs hit office demand; gross leasing down 19% in January-March across six cities: Report

    During Q1 2023, new supply across the top six cities declined 34 percent year-on-year at 9.5 million square feet.

  • Amazon Development Centre leases 6.6 lakh sq ft in Bengaluru for 5 years March 31, 2023 04:13 PM IST

    Amazon Development Centre leases 6.6 lakh sq ft in Bengaluru for 5 years

    The facility is located in Bagmane Tech Park, which already houses several tech companies in the city.

  • Colliers India transacts 100,000 sq.ft. of office space for Tablespace in Pune ​ March 31, 2023 12:43 PM IST

    Colliers India transacts 100,000 sq.ft. of office space for Tablespace in Pune ​

    Co-working space is emerging as a preferred option for businesses across industries in the post-pandemic era, given the flexibility and cost-effectiveness it offers.

  • Office space demand in Jan-Mar at 6-quarter low; net leasing down 34% in top 7 cities: JLL India March 30, 2023 06:38 PM IST

    Office space demand in Jan-Mar at 6-quarter low; net leasing down 34% in top 7 cities: JLL India

    The net leasing fell to the lowest in six quarters, as per the data by real estate consultant JLL India. Chennai, Hyderabad, Mumbai and Pune saw a decline in demand, while office space absorption rose in Delhi-NCR, Bengaluru and Kolkata.

  • Gross office leasing activity across seven markets down by 8.7% q-o-q: JLL analysis March 30, 2023 12:49 PM IST

    Gross office leasing activity across seven markets down by 8.7% q-o-q: JLL analysis

    The tech sector's share of leasing activity has hit a six-quarter low at 22.3 percent due to slow hiring and global challenges, while BFSI and consulting firms have seen q-o-q growth in their respective market shares

  • More than half of office space transactions in Bengaluru, Hyderabad, Pune above 1 lakh sq ft in 2022:  Report March 24, 2023 05:18 PM IST

    More than half of office space transactions in Bengaluru, Hyderabad, Pune above 1 lakh sq ft in 2022: Report

    In Hyderabad and Pune, about 53 percent of the office space transacted was above 1 lakh square feet or more, while it was 51 percent in Bengaluru.

  • Bank of China leases office space in Mumbai for 5 yrs at starting monthly rent of Rs 46.3 lakh March 24, 2023 03:51 PM IST

    Bank of China leases office space in Mumbai for 5 yrs at starting monthly rent of Rs 46.3 lakh

    The office space, spread 9,300 sq ft, has been rented for Rs 500 per sq ft per month. It is loacted at Maker Maxity. Brokers say this deal is an outlier as the average rent for Grade A commercial space in top-end commercial buildings in Bandra-Kurla Complex is in the range of Rs 260-320 per sq ft per month, and Rs 445-475 per sq ft in Maker Maxity.

  • Google has leased over 29 lakh sq ft in Bengaluru over six deals March 23, 2023 07:14 PM IST

    Google has leased over 29 lakh sq ft in Bengaluru over six deals

    Six different transactions have been signed by Google India Private Limited and Google Connect Services India where Bagmane Developers is the landlord in five and Table Space in the sixth, documents reveal.

  • Amazon leases around 8 lakh sq ft office space in Hyderabad and Gurgaon for five years March 12, 2023 11:02 PM IST

    Amazon leases around 8 lakh sq ft office space in Hyderabad and Gurgaon for five years

    In Hyderabad, the company the has leased ground plus 10 floors spread across an area of 4,87,800 sq ft for a tenure of 60 months.