Business Standard

Covid-19 impact: MNCs strike big rental deals despite work from home push

RMZ, one of the biggest owners of office properties in southern India, has done a handful of lease rental deals with global firms in recent weeks.

office, workplace, jobs, employees, staff, worker, employment, commercial property, rent
Premium

Global chip manufacturer Intel has taken 250,000 square feet in RMZ Ecospace in the Sarjapur area of Bengaluru.

Raghavendra Kamath Mumbai
Global firms such as Google, Accenture, and Intel, among others have signed several lease rental deals for office spaces in recent weeks notwithstanding the disruptions caused due to the Covid-19 pandemic.

What is interesting is the deals happened despite companies pushing for work-from-home set-ups and analysts expecting many of them to call off lease agreements.

RMZ, one of the biggest owners of office properties in southern India, has done a handful of lease rental deals with global firms in recent weeks. Chairman Raj Menda said: “The world has not ceased to exist. After Covid-19 issues are sorted, people will get back to

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 30 2020 | 1:51 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com