0 Followers
583 Views
Indiatimes
0 Followers
583 Views
91
Posts
Chandigarh: 18 commercial properties to be auctioned after Diwali - ET RealEstate
The estate branch of the municipal corporation (MC) will auction its 18 commercial properties costing Rs 61.71 crore in Manimajra after Diwali. The UT administration has given the nod to dispose of the properties on freehold basis. All the properties to be auctioned are shop-cum-flats (SCF) Reserve prices vary from over Rs 3 crore to Rs 6 crore. All properties will be sold through e-auction only. The MC has drafted the terms and conditions.
Smartworks leases 1.7 lakh sq ft in Jaipur and Indore - ET RealEstate
File PhotoNEW DELHI: As part of its expansion plan, Smartworks has
signed up approx. With this, the company's operations has expanded
to 11 cities. It plans to add centres in three more tier-II cities
in FY23, the company said in a media release. Neetish Sarda,
founder of the company said, "Tier 2 cities are now sought-after
destinations for enterprises as they offer both business
opportunities and a diverse range of hitherto untapped talent
pools. This fiscal year, we plan to expand to more Tier 2 cities
such... more
Grade A offices of about 120 million sq ft can be refurbished in top six cities: Report - ET RealEstate
Net absorption in office space touch 9.86 million sq ft in Q2 FY23: Report - ET RealEstate
Net absorption for India’s office space for the July-September quarter was up by 11% quarter-on-quarter (Q-o-Q) Net absorption for the first nine months of 2022 (Jan-Sep 2022) stood at a three-year high of 30.3 million sq. ft. Hyderabad led the way with a 31% share of net absorption.
Qualcomm leases over 1.8 million sq ft space in K Raheja's Hyderabad IT park - ET RealEstate
American multinational corporation Qualcomm has picked up over 1.8
million sq ft spread over an entire 20-storey commercial tower in
realty developer K Raheja Corp's information technology park in
Hyderabad in one of the largest office lease transactions, said
persons with direct knowledge of the development. "The commitment
for the large office space at the developer's nearly completed
project, Commerzone Madhapur, is part of Qualcomm's growth and
consolidation strategy," said one of the persons mentioned above.... more
Star India renews lease for 450,000 sq ft headquarter in Mumbai - ET RealEstate
Star India has renewed its lease for nearly 450,000 sq ft office
space spread across 16 floors of the commercial tower Urmi Estate
that houses its India headquarters in Mumbai's Lower Parel business
district for a long-term tenure of nine years. In addition to the
16 floors in Urmi Estate, the company has also leased the ground
floor lobby, meeting room and studio area on the ground floor, as
well as the mail room and terrace on the 8th floor of the adjacent
Urmi Iconic Building, which is part of the same complex.... more
Insurance platform Turtlemint leases 35,000 sq ft office near Mumbai airport - ET RealEstate
Kochi: Cherthala Infopark woos firms with rent-free period - ET RealEstate
KOCHI: In an effort to attract more IT companies to its campus,
Infopark's Cherthala campus has announced a rent-free period for
IT/ITES companies in search of office spaces in the special
economic zone. The offer enables IT companies to enjoy offices with
the same facilities and standards as that of office spaces in
Infopark's main hub in Kochi. The six-month rent-free period will
be applicable to new companies that begin their operations from
Cherthala campus on or before March 31, 2023, said the park
authorities.... more
WeWork India leases 3.62 lakh sq ft office space in two buildings in Bengaluru - ET RealEstate
WeWork India has signed lease agreements for two new buildings in Bengaluru. The workspaces will collectively have over 6,000 desks spread over 362,000 sq. ft. The workspace at Kalyani Roshni Tech Hub spans over 310,000sq ft and will open this year in December. Embassy One is spread across over 52,000 square ft with a capacity of over 600 desks. The center has been leased in collaboration with theKalyani Group.
Flex spaces to account for 20% market share of total office leasing by 2022-end: Report - ET RealEstate
The sector accounted for an 18% market share of the total office leasing activity witnessed in the first half of 2022. The average monthly rentals in India are expected to touch Rs 12,500 per seat by the end of 2022. The average transaction size of co-working spaces is almost 53% higher than the average of other sectors from 2020 to H1 2022. In the age of hybrid and work from anywhere culture, MNCs are embracing co- working spaces. The dominance of big-ticket transactions is also reflected.
The Executive Centre opens four centers with an investment of Rs 50 crore - ET RealEstate
The Executive Centre (TEC) has opened four new centers with a total investment of more than Rs 50 crore. The expansion will cumulatively provide 1,200 workstations increasing the total workstation count in India to over 10,000. The IT/ITeS sector has been hiring aggressively and recent data from Cushman & Wakefield has stated that leasing of office space in eight cities in India is expected to increase by 14 per cent this year. Cushmen & Wakefeld has stated.
Flexible workspace providers hiking rentals by up to 15% - ET RealEstate
Flexible workspace providers have raised their rentals by up to 15% due to higher demand from corporates and a spike in raw materials prices. Most operators are reporting more than 90% occupancy, with no space available for immediate lease. Grade A Coworking and flex office operators are seeing occupancy levels between 80% and 95% across their centres. “There is a direct correlation between the pricing and the market conditions” said Manas Mehrotra, Founder, ManasMehrotra.
About 46 lakh sq ft of IT space created since 2016: Kerala CM - ET RealEstate
The Left government is targeting 63 lakh square feet of IT space and 67,000 employment opportunities in the next five years. As many as 45,760 new jobs were created during this period. Infopark Kochi has new facilities for 10 offices in an area of approximately 35,000 square feet. The smallest office can accommodate 21 people and the largest office can accommodated 95 people. The Indeevaram Building at Infobark Thrissur has an area.
315Work Avenue lease out 22,000 sq ft co-working space to MoEngage - ET RealEstate
MoEngage has leased 22,000 sq ft office space to MoEngage, an insights-led customer engagement platform, in Koramangala, Bengaluru. The company currently manages around 30,000 seats spread over 1.5 million sq ft in Bengaluru, Mumbai and Pune. It plans to double its portfolio over a period of next one year. Follow and connect with us on Facebook, Twitter, Facebook, Linkedin and Linkedin.
Edelweiss Securities leases 1 lakh sq ft in Adani Realty's office tower in Mumbai - ET RealEstate
Representative ImageFinancial services firm Edelweiss Securities
has picked up nearly 1 lakh sq ft of office space in Adani Realty's
commercial project Inspire BKC in Mumbai's business district
Bandra-Kurla Complex through a long-term lease extending to nearly
a decade, people with direct knowledge of the development told
ET.The firm is expected to pay total rentals worth over Rs 285
crore over the tenure of the lease based on monthly rentals of Rs
220 per sq ft, including common area maintenance charges. "The... more
Leasing of flexible workspace by corporate up 59% in Apr-Jun: Report - ET RealEstate
Air India in talks to lease 400,000 sq ft at Vatika complex in Gurugram - ET RealEstate
Air India is in talks to lease about 400,000 sq ft of office space
at Vatika's office complex in Gurugram, three people aware of the
deal said. The erstwhile national airline now owned by the Tata
Group has already signed a letter of intent for about 200,000 sq ft
with the option of doubling the space later, they said. The airline
will shift all offices to this building, one of them said. The
consultant, Air India and Vatika did not respond to ET's email
queries till press time Thursday. The Indian commercial... more
Simpliwork Offices leases 1.5 lakh sq ft space from DLF, Mindspace in Chennai - ET RealEstate
NEW DELHI: Coworking firm Simpliwork Offices on Tuesday said it has
taken on lease 1.5 lakh square feet of office space in Chennai from
DLF and Mindspace Business Parks REIT to expand business.
Bengaluru-based Simpliwork Offices, which provides managed office
space to corporates, has taken on lease about 80,000 square feet
from DLF and around 70,000 square feet from Mindspace. The demand
for managed office space has increased during the COVID pandemic as
corporates are looking for flexibility to scale up. "The... more
TCS setting up eight new office spaces that can seat 10,000 staffers each - ET RealEstate
Tata Consultancy Services is in the process of establishing eight
new large office spaces with each having a capacity to house more
than 10,000 employees. Some of these centres are coming up in
non-metro cities and will focus on tier two presence of the
country's largest IT services company, TCS chief financial officer
Samir Seksaria told ET.These large campuses are part of large cycle
projects that take 3-5 years for completion, he said. "Given the
direction and what we thought about on the 25 by 25 model,... more
Noida metro rail corporation to give out commercial space at four metro stations - ET RealEstate
Happiest Minds buys 2.4 lakh sq ft office space for Rs 101 crore in Bengaluru - ET RealEstate
Rajasthan housing board auctions commercial plot in Jaipur for Rs 488 crore - ET RealEstate
JAIPUR: The Rajasthan Housing Board has set a record by auctioning
a commercial plot in Jaipur for Rs 488 crore, the highest bid
received by any government department in the state. RHB
commissioner Pawan Arora said that the 45,632-square metre land
between VT Road and Aravali Marg in Mansasorver was e-auctioned on
Wednesday. The minimum bid was Rs 89,500 per square metre and the
plot was auctioned at Rs 1.07 lakh per square metre with a total
price of Rs 488 crore on Wednesday. "A strategy for successful
e-auction... more
Colliers appoints Peush Jain as managing director for office services - ET RealEstate
DevX launches 1.5 lakh sq ft space in Noida - ET RealEstate
NEW DELHI: DevX, a managed office space provider, has launched two
centres with combined area of 1.5 lakh sq ft in Noida. The centers
have a seating capacity of 2,000 and will be operational by
2022-end. The company also plans to add two lakh sq ft within the
next one year in the city. Umesh Uttamchandani, COO of the company
said, "Our new Noida center will be spread across two centres i.e.
50,000 sq. ft. and 1 lakh sq ft, with a further 2 lakh sq. ft.
added, before Q2, 2023. This center will strengthen our... more
Google takes 1.3 million sq ft of office space in Bengaluru on lease: Sources - ET RealEstate
Tech giant Google has leased 1.3 million sq ft of office space in
Bengaluru, according people aware of the deal, marking one of the
largest office lease transactions in the country since the pandemic
began. Since the start of the pandemic, Google has taken up 2.8
million sq ft of office space in India, including flexible office
space in Gurgaon. The company has four offices in India, including
its country headquarters in Hyderabad."Google is also exploring
flexible offices across various cities to implement... more
Awfis and Nucleus Office Parks launch 27,000 sq ft space in Mumbai - ET RealEstate
NEW DELHI: Awfis, a flex workspace provider, launched its Awfis
Gold centre spread across 27,000 sq ft with 450 seats at One
International Center, Lower Parel, Mumbai. The Mumbai centre has
been launched in partnership with Nucleus Office Parks, the
operating platform for fully owned Blackstone offices in India.
Currently, the company has 10 Gold centres spread across 3.5 lakh
sq. In Mumbai, Bengaluru, Hyderabad and Chennai with another Gold
centre coming up in Mumbai in the next 3-6 months. It has 131 flex... more
Leasing of office space at record 18.2 million sq ft in top nine cities in Q2 2022: CBRE - ET RealEstate
Ascendas in talks with L&T Realty to buy planned office assets - ET RealEstate
Singapore-based Ascendas India Trust is in advanced talks with
L&T Realty for a forward purchase agreement to acquire its real
estate development arm's portfolio of proposed commercial
properties, said two people with direct knowledge of the
development. The portfolio includes total commercial real estate
development potential of over 5 million sq ft across Bengaluru,
Chennai and Mumbai. As the projects are still in the planning
stage, the deal is estimated to be worth over ₹2,500 crore based on
the current... more
NBCC may make Rs 1,500 crore from office space sale in Delhi in FY23 - ET RealEstate
NBCC Ltd is expected to make Rs 1,500 crore from sale of upscale
office space in central and south Delhi in 2022-23, a top official
at the state-run construction company told ET."Despite the
pandemic, we have seen an encouraging response from the companies
looking for office space in central Delhi," said Alok Rastogi,
senior executive director at NBCC. "While the majority of the sales
happened to PSUs, we are planning aggressive campaigns to attract
private investors." These funds will help in redevelopment... more
Greater Noida authority to rent out vacant 15-storey office tower - ET RealEstate
Greater Noida Authority has planned to rent out one of the two towers in its Knowledge Park 4 office for commercial activities. The Authority has also issued a tender to engage a contractor for the management of parking on its office premises. Residents said that instead of a private company or a bank, the Authority should rent out the tower to a government department. As per the tender document, the parking charges for two-wheelers will be £ 10 for the first hour.
