India's broader real estate conversation has recently focused on the booming residential cycle. Driven by the structural shift towards premiumisation, rising urban household incomes and favorable financing, there has been a steady increase in the volume of residential launches and sales. Yet, beneath the surface of the residential bustle, a more quiet, institutional shift is taking place.Commercial real...
Flexible workspace operator Smartworks Coworking Space Ltd has leased 1.64 lakh sq ft of chargeable office space at Infinity Thube Park in Pune from CBD Skylines LLP, according to property registration data, documents reviewed by PropStack.Smartworks Coworking Space Ltd. has leased 1.64 lakh sq ft of chargeable office space at Infinity Tube Park, Pune, from CBD Skylines LLP (Photo for representational...
Over the past two decades, the story of India's commercial real estate revolved around a familiar set of cities. Office demand dominated in Bengaluru, Mumbai, Delhi-NCR, Hyderabad, Pune and Chennai, attracting multinational occupiers and defining the country's Grade-A office market. For investors seeking a stake in India's growth through premium commercial assets, these were the only addresses that really...
Texas-based energy major ExxonMobil Services & Technology Pvt Ltd has leased 2.35 lakh square feet Monthly Rent for Office Space in Whitefield, Bengaluru ₹1.86 crores Under a three-year lease, according to documents obtained by PropStack.ExxonMobil Services & Technology Pvt Ltd has leased 2.35 lakh sq ft office space in Whitefield, Bengaluru at a monthly rent of ₹1.86 crore (Photo for symbolic...
Japanese companies are accelerating the expansion of their Global Capability Centers (GCCs) in India, with more than 100 companies already operating GCCs in the country, according to a Deloitte India report. India's strategic GCC play for Japanese enterprises. As the sector expands beyond established centers to cities such as Ahmedabad, Jaipur, Coimbatore, Kochi and Indore due to its cost competitiveness,...
According to lease documents obtained by PropStack, Accenture Solutions Pvt Ltd has leased around 3.45 lakh sq ft of office space over five floors at Phoenix Millennium Towers in Wakad, Pune through two separate agreements with Alyssum Developers Pvt Ltd. Leases lasting approximately 10 years involve a total rental commitment of approximately ₹355.4 crore, accenture will have to pay combined monthly...
Tech Mahindra Limited has taken on lease 3.97 lakh sq ft of office space in Aparna Technopolis, an IT park in Kondapur area of ​​Hyderabad, at an initial monthly rent for a period of 10 years. ₹3.06 crore, according to documents obtained by CRE Matrix. The company expects to pay total rent of approx. ₹Rs 410.93 crore in the lease period.Tech Mahindra Ltd. has leased 3.97 lakh sq ft office space...
Target Corporation India Pvt Ltd, the Indian arm of US retailer Target, has expanded its footprint in Bengaluru by leasing 8.31 lakh sq ft of office space at the Embassy Manyata Business Park, owned by Embassy REIT, under a 10-year agreement, according to documents obtained by Propstack. With a total rental commitment of approx. ₹The transaction, worth Rs 1,250 crore over the lease term, is one of the...
IndiCube Space Ltd, a flexible workspace operator, has leased approximately 1.51 lakh sq ft of office space in Perungudi micro-market, Chennai for a period of 15 years, with a total rental amount of more than Rs. ₹₹235 crore, according to property registration documents obtained by PropStack.IndiCube Space Ltd., a flexible workspace operator, has leased approximately 1.51 lakh sq. ft. of office space...
Tata Consultancy Services (TCS) has renewed its lease for approximately 14.7 lakh sq ft office space at Chennai One IT SEZ in Thoraipakkam, Chennai for a period of 10 years, with a total rental commitment of approx. ₹₹1,420 crore over the tenure, according to documents obtained by PropStack.Chennai Real Estate: Tata Consultancy Services (TCS) has renewed its lease for approximately 14.7 lakh sq ft of...