Google leases new office in Bengaluru for ₹4 crore monthly rent: Report
6 months, 3 weeks ago

Google leases new office in Bengaluru for ₹4 crore monthly rent: Report

Hindustan Times  

Google leased 649,000 square feet of office space in Alembic City, Whitefield, Bengaluru, it was reported. Ltd. renewed its lease for 600,000 square feet of office space in Hyderabad, it added. Google also agreed to lease 1.3 million square feet of office space from Bagmane Developers in Bengaluru, the report claimed. Since 2020, Google has expanded its office space portfolio in India by 3.5 million square feet.

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History of this topic

Year-ender 2024: Office space leasing expected to touch 85 million square feet this year
1 week, 1 day ago

Year-ender 2024: Office space leasing expected to touch 85 million square feet this year

Hindustan Times  

The year 2024 is likely to register 83-85 mn sq ft of gross leasing of office space across eight major cities, which will be an almost 13% increase compared to the peak volume of 2023, a report by Cushman and Wakefield said. Since 2022, India’s office real estate has consistently witnessed more than 70 million square feet of gross leasing …

ANZ renews office space lease in Bengaluru for four years at a rent of ₹6 crore per month
1 month ago

ANZ renews office space lease in Bengaluru for four years at a rent of ₹6 crore per month

Hindustan Times  

ANZ Support Services India Private Limited has renewed its lease for a 6 lakh sq ft office space spread across 18 floors in Embassy Manyata Business Park in Bengaluru for four years at a monthly rent of ₹5.94 crore, documents accessed by Propstack showed. ANZ Support Services India Private Limited has renewed its lease for a 6 lakh sq ft …

Bengaluru leads in large office space leasing, transaction volumes touch 4.5 mn sq ft in H1 2024
3 months, 1 week ago

Bengaluru leads in large office space leasing, transaction volumes touch 4.5 mn sq ft in H1 2024

Hindustan Times  

Transactions for office spaces above 100,000 sq ft recorded a substantial YoY growth of 54% in the first half of calendar year 2024 from 10.18 mn sq ft in H1 2023 to 15.69 mn sq ft in H1 2024. Bengaluru’s large office spaces contributed 53% to the city’s total commercial transaction volumes, amounting to 4.5 million sq ft followed by …

BHIVE Workspace leases 77,000 sq ft office space in Bengaluru for ₹8.5 cr pa
3 months, 2 weeks ago

BHIVE Workspace leases 77,000 sq ft office space in Bengaluru for ₹8.5 cr pa

Hindustan Times  

Bengaluru-headquartered managed office space provider BHIVE Workspace has leased 77,000 square feet from Address Maker on CMH Road in Indiranagar, the company said in a statement on September 9. BHIVE Workspace leases 77,000 sq feet office space in Bengaluru for yearly rent of ₹ 8.5 crore Address Maker is a Bengaluru-based real estate player with a portfolio spanning 5 million …

Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022 to H1 2024: Report
4 months, 2 weeks ago

Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022 to H1 2024: Report

Hindustan Times  

Bengaluru led leasing by Global capability centres in India between 2022 to H1 2024 with a 40% share, according to a CBRE- Zyoin report released on August 5. Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022- H1 2024 According to the report, GCCs leased nearly 53 million square feet of office space across the …

BHIVE Workspace leases 42,000 sq ft office space from Brigade Group in Bengaluru
4 months, 3 weeks ago

BHIVE Workspace leases 42,000 sq ft office space from Brigade Group in Bengaluru

Hindustan Times  

Co-working firm BHIVE Workspace has leased 42,000 square feet of office space in Garudachar Palya of Mahadevapura suburb in Bengaluru, the company said in a statement shared on July 29. Co-working firm BHIVE Workspace has leased 42,000 sq ft office space from the Brigade Group in Bengaluru's Mahadevapura suburb “This marks our second collaboration with Brigade Group, following our purchase …

Bengaluru leads office space absorption by global capability centers in India at 4.3 mn sq ft: Report
4 months, 4 weeks ago

Bengaluru leads office space absorption by global capability centers in India at 4.3 mn sq ft: Report

Hindustan Times  

Bengaluru accounts for the highest office space absorption by global capability centers in India at 4.3 million square feet, according to a Knight Frank India - 3AI report released on July 26. Bengaluru leads office space absorption by global capability centres in India Bengaluru is the top choice for platform engineering and constitutes the highest IT/ITeS GCC led office absorption …

Co-working firm Incuspaze leases 1.15 lakh sq ft office space in Bengaluru
5 months, 1 week ago

Co-working firm Incuspaze leases 1.15 lakh sq ft office space in Bengaluru

Hindustan Times  

Gurugram-based flexible workspace provider Incuspaze has leased 1.15 lakh square feet of office space in East Bengaluru’s Whitefield area, the company said in a statement on July 15. Coworking firm Incuspaze leases 1.15 lakh square feet office space in Bengaluru Additionally, the player plans to expand its footprint in neighbouring Chennai and Hyderabad by 2 million square feet over the …

Bengaluru’s office space stock to become highest in India by 2030
5 months, 2 weeks ago

Bengaluru’s office space stock to become highest in India by 2030

The Hindu  

Bengaluru office stock is set to touch 330-340 million sq. Technology, Engineering & Manufacturing, and BFSI sectors are expected to be primary demand drivers, while life sciences, aviation, and automobile are likely to be emerging drivers, according to the analysis. Technology, engineering & manufacturing and BFSI sectors are expected to be the main demand drivers of office space while life …

Samsung renews lease for 4 lakh sq ft office space in Bengaluru at an annual rent of over ₹50 crore
5 months, 2 weeks ago

Samsung renews lease for 4 lakh sq ft office space in Bengaluru at an annual rent of over ₹50 crore

Hindustan Times  

Samsung Research And Development Institute has renewed its lease for 4.02 lakh square feet space in Bengaluru’s Bagmane Goldstone tower, documents accessed by real estate data analytics platform Propstack showed. Samsung renews lease for 4 lakh sq ft space in Bengaluru at annual rental fee of over ₹ 50 crore According to the documents, the South Korean tech giant first …

Office leasing across top 9 cities touches 32.8 mn sq ft in Jan-June; Bengaluru leads office leasing at 8.5 mn sq ft
5 months, 2 weeks ago

Office leasing across top 9 cities touches 32.8 mn sq ft in Jan-June; Bengaluru leads office leasing at 8.5 mn sq ft

Hindustan Times  

Office leasing touched 32.8 mn sq ft during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE South Asia Pvt. ft. during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE Bengaluru led office space absorption, accounting for about one-fourth of the total leasing …

Mapping India’s office spaces
9 months, 2 weeks ago

Mapping India’s office spaces

The Hindu  

While most investors look at factors like vacancy in the market, the historical rent growth and rentals of comparable assets, I have seen that even the most seasoned of investors miss out on taking a look at the upcoming supply in the market — which is the only verifiable forward-looking metric in real estate analysis. Business-as-usual in Bengaluru As India’s …

All that you need to know about Apple's new 15-storey office in Bengaluru
11 months, 1 week ago

All that you need to know about Apple's new 15-storey office in Bengaluru

Hindustan Times  

Tech giant Apple has expanded its footprint in India with a new 15-storey office in the heart of Bengaluru that will house up to 1200 employees. Apple's new office in Bengaluru is the latest addition to the company’s corporate office footprint in Bengaluru, Mumbai, Hyderabad, and Gurugram. The new Apple India office is located at Minsk Square in the center …

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report
11 months, 2 weeks ago

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report

Hindustan Times  

Leasing of office space rose by 15 per cent across eight major cities last year, despite a decline in demand in Bengaluru, the largest workspace market, according to Knight Frank. Data showed that office demand grew 15 per cent annually to 59.6 million square feet in 2023, despite global economic and geopolitical concerns. The data showed that office demand grew …

Google to come up with 381,000 sq ft data centre in Navi Mumbai by 2025
1 year, 11 months ago

Google to come up with 381,000 sq ft data centre in Navi Mumbai by 2025

India TV News  

The tech giant Google has signed a contract with Raiden Infotech India to acquire a data centre in Navi Mumbai with a lease term of 28 years. "Enable high-performance, scalable, disaggregated, scaled-out data centre infrastructure with reliability and security" was the goal of the transaction. "The announcement further signals Microsoft's commitment to long-term differentiated investments in our data centre infrastructure," …

Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th
2 years ago

Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th

Deccan Chronicle  

New Delhi: Bengaluru has the highest supply of premium flexible office space in Asia Pacific region at 10.6 million square feet, according to CBRE. As of September 2022, Bengaluru recorded 10.6 million square feet flexible stock, the highest among all major APAC cities, including Shanghai, Beijing, Seoul, Tokyo and Singapore. Out of the total premium flexible office space in Hyderabad, …

Bengaluru may see highest growth in office rent in Asia-Pacific region next year
2 years ago

Bengaluru may see highest growth in office rent in Asia-Pacific region next year

Deccan Chronicle  

New Delhi: Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY in 2023, highest amongst the 24 APAC cities tracked in the report. New Delhi's …

Bengaluru may see highest growth in office rent in APAC next year: Report
2 years ago

Bengaluru may see highest growth in office rent in APAC next year: Report

Hindustan Times  

Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. READ | Why Karnataka's Mysuru is the next real estate hotspot in India Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY in 2023, highest …

‘Bengaluru leads office leasing market with a 30% share in Q2’
2 years, 5 months ago

‘Bengaluru leads office leasing market with a 30% share in Q2’

The Hindu  

Bengaluru led the office leasing market in the country in the second quarter of calendar year 2022 by solely forking out a 30% market share followed by Mumbai and Delhi-NCR claiming 19% and 18% slice respectively, said Colliers, a global realty advisory and management firm, on Monday. All the major markets, with Bengaluru dominating, witnessed strong leasing activity during the …

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