Office Industry

Realty firm Embassy Developments will invest Rs 1,500 crore to construct a 3 million sq ft office complex in Bengaluru as part of its strategy to generate rental income from commercial assets. The company is mainly into housing segment with presence across Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. In an interview with PTI, Embassy Developments Managing Director Aditya Virwani mentioned that the company's focus would largely remain on the growing residential business. However, he said the company would build office assets for rental income. Virwani said the company will develop a large 35-acre office complex in Bengaluru comprising 6 million sq ft area. "We will develop this project is two phases. The construction of first phase covering 3 million sq ft has started," he said. Asked about investments for the first phase, Virwani said it would be around Rs 1,500 crore, excluding land cost. Virwani said the office spaces would be leased to corporates. Bullish on In

The first half of 2024 recorded 41.9 msf of leasing, marking the highest leasing volume ever for the first half of any year. This represents 56% of the total gross leasing volume (GLV) for 2023.

Bengaluru and Hyderabad will contribute 49 per cent to the total upcoming office space supply of over 165 million square feet estimated during the 2023-2025 period across seven major cities, according to CBRE.. Real estate consultant CBRE South Asia on Thursday released its new report 'Office Myths Debunked'. As per the report, the office supply completions across seven major cities are expected to exceed 165 million square feet between 2023-2025, which is significantly higher than 142 million square feet recorded during the 2020-2022 period. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, The office sector in India is witnessing good growth momentum. The substantial supply completions across top cities in India is projected to exceed 165 million sq. ft. over 2023-2025, indicating a positive outlook for the office sector.". The average annual office supply increased by a robust 17 per cent and the average building size increased by

E-commerce firm's Flexi-Office model offers employees financial support for relocating

Newest facility spread across 23,000 sq ft and with 700 seats comes up at Whitefield

Power generation, vehicle registrations dip

Occupancy levels at the end of March was down 88.9 per cent, or 390 bps over the year-ago period.

While IT/ITeS continues to grab the lion's share, leasing activity is being driven by increased demand from sectors such as e-commerce, healthcare and FMCG

In the APAC region, industrial investment share of commercial transaction volumes increased by 50 per cent in 2020

The demand-supply scenario has also remained similar over the past few quarters

The key requirements of any employer are the safety of employees, reaching on time so that work is not hampered and maximum utilisation of seat space