Bengaluru is staring at a shortfall in office space this year, with demand pegged at 10 million sq ft while supply is expected to be 8-8.5 million sq ft. Barely 4-5% of Bangalore’s total stock of 96 million sq ft of grade-A non-captive office space is available on lease, according to a real estate services firm. In… Read More »
The government has approved the proposal of Infosys to set up an IT/ITeS special economic zone in Bengaluru in an area spread over 4 hectares. The decision was taken by an inter-ministerial Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, at its meeting on April 28. “The Board noted that the developer is in possession… Read More »
With only 170,000 sq ft of Grade A office space absorbed, according to a report, in Q1 2016. Kolkata office absorption remained weak due to gloomy response from the occupiers. The total office space absorbtion in this period stood 32 per cent less as compared to the previous quarter’s absorption of 250,000 sq ft. IT-ITeS… Read More »
