Companies go asset-light, put IT campuses on the blockIndia's companies are increasingly selling large IT campuses to optimize operational efficiency and embrace asset-light business models. Fi...
17 Mar, 2025, 12.47 AM IST
Infosys, Wipro to start fintech hubs in GIFT City’s IFSC under Techfin frameworkBoth companies have taken large office spaces within the International Financial Services Centre (IFSC) to set up their operations under th...
16 Sep, 2024, 11.15 PM IST
Mindspace Business Parks REIT to invest Rs 3,500 cr to develop new office propertiesMindspace Business Parks REIT, backed by K Raheja Corp, is planning to invest over Rs 3,500 crore in developing new office properties acros...
30 Jul, 2024, 07.23 PM IST
Brookfield India REIT leases 1 million sq ft in Q3, best-ever performance since listingDuring the quarter ending December, Brookfield India Real Estate Trust secured leases for over 1 million sq ft of office space, attracting ...
12 Feb, 2024, 07.29 PM IST
Top four IT firms report 50,000 fall in headcount over last yearOver the year, the headcount at India’s largest software services firm, TCS, dropped by 10,669. Infosys reported a 24,182 reduction, while ...
13 Jan, 2024, 06.01 AM IST
Wipro to sell office assets in Hyderabad, BengaluruThe country's fourth-largest IT firm recently implemented a compulsory hybrid work policy requiring employees to report to work from the of...
21 Nov, 2023, 08.20 AM IST
Leasing office space for setting up GCCs in India to pick up in medium termLeasing of office space for setting up global capability centres (GCCs) could pick up in the medium term, as more multinationals draw up pl...
17 Feb, 2023, 04.32 PM IST
Mindspace Business Parks REIT leases nearly 1 million sq ft across 18 deals in Q1The leasing indicates the revival of demand for office spaces as the companies continue to encourage employees to return to workplaces. Apa...
10 Aug, 2022, 07.24 PM IST
Top tech cos, consulting firms sign up for large flexible office spaces across tier II townsCompanies like Google, Accenture, Deloitte, Persistent Systems, Tech Mahindra, and IBM have signed large flexible office spaces ranging bet...
26 Jul, 2022, 06.20 PM IST
TCS eyes non-metro offices to move closer to tech talentAlmost 60% of IT employees went back to their hometowns in non-metro regions during the pandemic. This made companies explore other ways of...
27 Jun, 2022, 06.00 AM IST
PayPal renews lease for India headquarters in X Office Parks’ Chennai development"The lease rental for the space has been set in the range of Rs 60 to Rs 65 per sq ft a month. The agreed rentals reflect the grade A offic...
19 May, 2022, 06.18 PM IST
Wipro leases 3.5 lakh sq ft at Mindspace Business Park in Navi Mumbai's AiroliWith the rising number of corporates planning the return of workforces to office and steady economic recovery, the lease transactions for o...
24 Oct, 2021, 10.04 PM IST
Office space occupancies face major test as large set of lease renewals due in 2021The year 2021 has the highest lease expiry pipeline when compared to the next two years 2022 and 2023. While the year 2022 will see nearly ...
11 May, 2021, 02.49 PM IST
Fresh wave of coronavirus cases slows down office space leasing, firms put plans on holdExperts said that the partial lockdown in Maharashtra, and night curfew in Bangalore and three cities of NCR has forced the companies to mo...
14 Apr, 2021, 02.12 PM IST
Hyderabad second only to Bengaluru in office space absorptionHyderabad registered leasing of 5.4 million sq ft of office space in 2020, according to a report by property consultant Savills India, seco...
13 Mar, 2021, 11.17 AM IST
Commercial space rentals on gradual rise in Kolkata, aided by 20% spurt in transactionsThe average deal size remained low at 7,500 sq ft in the upcoming business locations and industry experts predict a 5-10% surge in rentals.
04 Jul, 2016, 10.58 AM IST
IT firms like Google, Cognizant and Infosys continue to lock in large office spacesAmong cities, Bengaluru, Chennai, Kolkata, Mumbai and Pune showed most notable increases in office space absorption.
28 May, 2015, 11.52 AM IST