Tag Archives: ITeS Offices

Kochi emerging as tier-2 destination for corporates

With a ready supply of skilled manpower and low rentals, Kochi is emerging as a preferred option for corporates, developers and investors looking to expand into tier 2 markets in the country, observes CBRE, an American real estate agency. According to Ram Chandnani, MD-Advisory & Transaction Serves, India, CBRE South Asia, the overall absorption of… Read More »

5 million sq ft office space absorption in Hyderabad till Q3

Hyderabad’s office market remained resilient with about 5.0 million sq. ft. office space absorption till the third quarter, which is about 79% more than the same period last year, said a property consultant in their quarterly report. Healthy demand from occupiers in Information Technology and Information Technology Enabled Services (IT-ITeS) segment took the gross leasing volume… Read More »

Office space absorption by IT & ITeS firms slide in last 5 years, BFSI emerge as the new star

IT and ITeS sectors seem to be losing their dominance in office space takeup, with banking, financial services and insurance (BFSI) emerging as a new star. Share of IT/ITeS sector in total office space absorption across major cities reduced to just 24% in the first half of 2016, from 36% in the same period of… Read More »

Gujarat’s GIFT City attracts global IT/ITeS firms

India’s only global Financial and IT hub, Gujarat International Finance Tec-City (GIFT City), is attracting interest from domestic and global IT & ITeS companies to set up operations there. More than 500 employees are working in some of the leading institutions that have already begun operations in GIFT domestic zone as well as in GIFT’s… Read More »

KTR promises tower for small, mid-sized IT firms

After promoting what is one of the largest incubation facilities for technology start-ups across the country in Hyderabad, the Telangana government is planning a facility in the city to house small and mid-sized information technology (IT) enterprises. Apart from providing them an address, by way of an IT SME Tower in Gachibowli that is fast emerging… Read More »

Chennai’s IT & ITeS ecosystem loses the office space race

Chennai’s four-lakh employee-strong IT and ITeS ecosystem is losing the race – albeit momentarily – to manufacturing and consulting firms that are briskly occupying office spaces during the first half of the current calendar year. Companies such as Renault Nissan, Ford, and other auto-component and ancillary firms and consulting firms like EY took lakhs of sq… Read More »

Chennai’s dipping commercial space may edge out IT industries

Chennai is facing a dearth of quality large format office space which could force information technology as well IT-enabled service (ITeS) companies to look to neighbouring States, according to a study by a London-based global property consultancy firm. Kanchana Krishnan, director of the Chennai branch of the firm, said that the shortage of office space is… Read More »