Only 5% of the 0.3 million square feet of new inventory in mall space is lying vacant in Kolkata. Chief Minister Mamata Banerjee’s calls to set up businesses in the state seem to have started getting responses with commercial space deals clocking a 15-20% rise in number in the last two months. The biggest deal in the… Read More »
Software services exporter Tata Consultancy Services (TCS) is close to leasing 780,000 sq ft of office space in IG3 Infra’s Chennai One IT SEZ for 10 years, said two people in the know of the development. TCS will pay a rental of Rs 50 per sq ft per month, taking the total annual payout to… Read More »
Tata Communications has picked up 60,000 sq ft of office space on lease at Parinee Crescenzo in Mumbai’s Bandra-Kurla Complex, said two persons familiar with the development, making it the largest office space transaction in the alternative business district so far this financial year. “The company has picked up the entire 15th floor in this 20-storey… Read More »
Noida is emerging as a hub for smartphone makers. While the city earlier housed assembly and manufacturing facilities, a number of mobile handset makers are setting up offices and research units there. Chinese handset manufacturer Vivo leased 250,000 sq ft in the World Trade Centre at Greater Noida for its office, R&D centre and manufacturing… Read More »
Sapient, a global services company that helps clients transform in the areas of business, marketing, and technology, today inaugurated its world’s single largest premise in Bengaluru. The 4,00,000 sq. ft. area will add 3500 new workstations and take Sapient’s total India capacity close to the 10,000 mark. Rajdeep Endow, Managing Director, Sapient India said, “We are a company… Read More »
A global real estate facility will open its first office in India, a top company executive has said. Brookfield Global Integrated Solutions (GIS) will establish its base in the fourth quarter of this year in Mumbai. “Mumbai will be our Indian headquarter. We will have people on the ground in major cities,” Brookfield GIS executive managing director… Read More »
Guindy and Manapakkam micro markets are set to witness a major growth in IT, IT SEZ and industrial sectors with a slew of projects being planned by the developer community. About five lakh sq ft of IT and 7.5 million sq ft of IT SEZ space are coming up and expected to be ready for occupation… Read More »
A jump in Manhattan office leasing activity in July indicates more resilience in New York’s commercial real estate market than recent data has suggested, with asking prices poised to surpass their record high in 2008. Data showing more companies are renewing their leases rather than moving to a new location have been seen as a sign… Read More »
Foreign buyers are helping to drive a jump in sales of top-tier Canadian office buildings, industry players say, with a soft currency and the country’s relative stability helping attract interest from abroad. While the Canadian economy is struggling with the drag from weak oil prices, global events like Britain’s vote to leave the European Union have… Read More »
Riding on revenue growth, Tata Consultancy Services (TCS) has inked two large office space deals in the last quarter. TCS, India’s largest software firm, signed a 400,000 sq ft office space deal in Okaya Tower in Noida’s Sector 62. It is expected to pay a rent of Rs 19 crore a year, or Rs 40… Read More »
