Tag Archives: Office Space

Propstack Insights: Hyderabad’s IT SEZ vacancies fall despite new supply

Hyderabad office supply in SBD II micromarket increased significantly. Strong leasing activity and entry of multinational giants, absorbed the new supply, keeping vacancy low for IT SEZ buildings. *Grade A office data only For more details login to office.propstack.com    

UBS sets up office at Navi Mumbai’s Airoli Mindspace

Swiss bank UBS has set up its office on part of recently leased 4 lakh sq ft space in K Raheja Corp’s Mindspace complex in Navi Mumbai’s Airoli locality. The new office of the Zurich-headquartered, NYSE-listed multinational bank will provide IT infrastructure support to UBS’ international operations and also house its global service center hub.… Read More »

Office space leasing drops 27% in Jan-March quarter

The leasing of office space fell 27 per cent in eight major cities to 5.5 million sq ft during January-March quarter due to lack of supply, according to property consultant Cushman & Wakefield. The net absorption of office space stood at 7.4 million sq ft in the year-ago period. Supply of office space has been… Read More »

Demand for office space sees robust growth in Hyderabad

Hyderabad witnessed strong office leasing during 2016, registering a 109 per cent year-on-year growth during the year, according to real estate consultancy CBRE South Asia. During the January to March 2017 quarter, the city witnessed the uptake of more than 1.3 mllion sq ft. Affordability This growth in office leasing activity, coupled with robust infrastructure… Read More »

The new back office: inside Goldman Sachs’ Bangalore hub

When Goldman Sachs opened its wholly owned Bangalore operation in 2004, it was a typical back office. Just under 300 full-time staff supported a front line of revenue-generating bankers worldwide. They worked in limited areas such as information technology, finance and accounting. The group put no cap on Bangalore’s ambitions, says Bunty Bohra, who heads… Read More »

India office absorption up 8% on-year at 9.3 million sq ft in Jan-Mar: Colliers

The gross office space take-up in India amounted to 9.3 million sq ft in the first quarter ended in March, up 8% from a year ago. The market also recorded about 2.5 million sq ft of pre-commitments signifying healthy demand, showed a Colliers Research report. Five months on from demonetisation, occupiers’ markets across India’s major… Read More »