Spaces, an Amsterdam-born co-working space provider, has launched its first shared-space in Cyber City, Gurgaon. Spaces along with five other brands i.e. Regus, Signature, Open Offices, Kora and MOS are the subsidiary of IWG, a global workplace provider headquartered in Brussels. The 30,000 sq ft of co-working space in Gurgaon has 430 seats capacity. The… Read More »
Apple has taken up additional space in Gurgaon, a few floors above its existing office which CEO Tim Cook visited last year, during his maiden trip to India. According to people aware of the development, Apple has taken space to seat a number of new executives that it plans to hire over the next few… Read More »
Beleaguered online marketplace Snapdeal is in the process of vacating over 60% of its office space in Gurgaon as it moves into a single tower in line with its shrinking operations. The development comes at a time when the e-commerce company is on the path to a… Read More »
Warehousing giant Embassy Industrial Parks on Thursday announced the construction of a grade ‘A’ quality industrial and warehousing facility in its newly acquired property in Gurugram, Haryana. The 24 acres of land purchased by Embassy Industrial Parks is strategically located on NH-8 near Bilaspur Chowk. It is a major development after a 1,910 crore worth… Read More »
Lets re-look at our past ten infographic highlights for the Indian CRE Market. Bangalore to witness more than 9 msf of lease expiries in 2017 Demonetization impacts Mumbai office sales negatively 10,000+ sf deals dominate Gurgaon absorption in 2016 3,000 Crores (~ $ 0.5 Bn) annual rents expiring across India in 2017 2.6 msf lease… Read More »
SoftBank-backed ecommerce firm Snapdeal is planning to give up about half of the space in its main corporate office in Gurugram as part of a cost-cutting drive. After layoffs, the online marketplace is planning to leave ASF Tower, where it occupies about 1.5 lakh sq ft, and some part of ASF Center, which covers about… Read More »
Coworking firms leased 0.12 million square feet of office space in Gurugram in 2016, comprising 10% of the overall coworking leasing across key cities, and the demand is set to grow further, according to property consultancy Colliers International. Location such as Sohna Road, Golf Course Road, Sector 44, Sector 29 and Udyog Vihar emerged as… Read More »
Information Technology (IT) sector continued to dominate the leasing activity in India in 2016. Together, IT and BFSI contributed to nearly 69% of the leasing volume last year. Bangalore dominated the city-wise contribution to IT sector leasing with 36.7% share, followed by Pune. *2016 Grade A lease data only
According to the report, coworking operators leased only 1.2 million sq ft in 2016, which accounted for 3% of the overall leasing volume. “We also foresee that the concentration of coworking space will intensify further in Bengaluru, Mumbai, and Gurugram (Gurgaon) due to the availability of adequate infrastructure and opportunities for start-ups in those cities,”… Read More »
Noida and Greater Noida continue to see expansion in office space absorption, despite issues of connectivity and uninterrupted power supply. Many IT companies find value in expanding back-end operations in the twin cities as rentals are still much lower than Gurgaon. Analysts say despite a slight increase in rates over the past two years, office… Read More »
