Tag Archives: Lease

Propstack Insights: 50 mn Sq. ft. of office lease expiries in 2019

The top 8 cities in India will witness cumulative office lease expiries of 50 mn Sq. ft. in 2019. Out of 50 mn Sq. ft. lease expiries in 2019, 73 % is contributed by IT buildings.   The top 8 cities in India will witness cumulative office lock-in expiries of 80 mn Sq. ft. in… Read More »

Propstack Insights: Propsense Q4 2017 Released

Propsense Q4 2017 Released Gross Absorption was 15.7 msf spread across 444 msf of total stock across the top 7 Indian cities. Cumulative Vacancy for these cities was 12.2% during end of the quarter. To know more about major deals, transacted rates, net absorption and micromarket level statistics for the top 7 cities login to  office.propstack.com *Grade A office data only

Propstack Insights: Mumbai 2016 Deal Size Break-up

10000+ sf deals constituted 1/3rd of the total lease deals in Mumbai in 2016. Smallest deal size of up to 2,500 sf contributed to 26% of the deals last year. Largest deals of above 50,000 sf had the lowest average rental value of INR 102/sf/month, while 5,000 sf to 10,000 sf deals had highest average rental value… Read More »

Pune office market records 23% growth in Jan-Feb lease volume

Pune’s commercial real estate market has recorded an optimistic start to the year 2017 with rising number of transactions. Pune has witnessed 23% year-on-year growth in leasing volume during the months of January and February, said commercial realty data information and analytic firm Propstack. Pune has also recorded 26% year-on-year rise in number of lease… Read More »

Samsung India leases 1.10 lakh sq ft office space in Mumbai’s Goregaon

In one of the biggest front office transactions so far this year, consumer durable major Samsung India Electronics has leased 1.10 lakh sq ft office space in Oberoi Realty’s commercial complex Commerz II in Goregaon suburb of Mumbai, said two persons familiar with the development. The company will be paying rentals of Rs 145 per… Read More »

Microsoft close to leasing 6 lakh sq ft office space in Bengaluru with Prestige Group

Microsoft is close to signing a nine-year lease deal with Prestige Group for a 600,000 sq ft office space in Bengaluru, three people aware of the development said. “The deal is in the final stage of closure,“ they said, adding that the lease is renewable every three years. The Redmond-based technology company , which currently… Read More »

US Fintech company FIS renews big office lease at Pune’s Westend Centre

US-based fintech company FIS Solutions has renewed its lease of over 2.28 lakh sq ft office space at Westend Center One in Pune’s Aundh locality, two persons familiar with the development said. The Jacksonville, Florida-based company, earlier known as Sunguard Solutions, will pay monthly rental of Rs 54 per sq ft, taking the total lease… Read More »

Cognizant renews office lease at Blackstone’s IT park in Pune

The Indian arm of US-based Cognizant Technology Solutions has renewed the lease on its office space in the Blackstone Group-owned IT park in Pune, said two people familiar with the development. The deal is the first major office space transaction this year. Following the renewal of the lease of 2.6 lakh square feet of office… Read More »