{"id":1004,"date":"2017-01-09T18:59:46","date_gmt":"2017-01-09T13:29:46","guid":{"rendered":"https:\/\/www.propstack.com\/news\/?p=1004"},"modified":"2017-01-09T18:59:46","modified_gmt":"2017-01-09T13:29:46","slug":"tech-giant-ge-checks-into-chennai-to-set-up-1-7-lakh-square-office-back-office-on-omr","status":"publish","type":"post","link":"https:\/\/www.propstack.com\/news\/tech-giant-ge-checks-into-chennai-to-set-up-1-7-lakh-square-office-back-office-on-omr\/","title":{"rendered":"Tech giant GE checks into Chennai, to set up 1.7 lakh square office back office on OMR"},"content":{"rendered":"<p>Chennai is witnessing shortage of quality office space. Notwithstanding this, office space absorption levels in the city rose to 5.25 million sft in 2016, from 5 million sft in 2015.\u00a0Engineering and technology giant GE is setting up shop in Chennai. The Fairfield-Connecticut headquartered company will set up a back office and processing centre across 1.7 lakh square feet at Ramanujam IT Park in Taramani.<\/p>\n<p>&#8220;GE signed for space a few weeks ago. They want to set up a back office and processing centre,&#8221; sources said. GE could not be reached for comment. According to industry benchmarks, a back office usually allocates 50-60 square feet space per employee and 100 sft for software development work. &#8220;A 1.7 lakh sft transaction should be encouraging,&#8221; sources said.<\/p>\n<p>Read more:\u00a0<a href=\"http:\/\/timesofindia.indiatimes.com\/city\/chennai\/tech-giant-ge-checks-into-chennai-to-set-up-1-7-lakh-square-office-back-office-on-omr\/articleshow\/56385122.cms\" target=\"_blank\">TOI<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chennai is witnessing shortage of quality office space. Notwithstanding this, office space absorption levels in the city rose to 5.25 million sft in 2016, from 5 million sft in 2015.\u00a0Engineering and technology giant GE is setting up shop in Chennai. The Fairfield-Connecticut headquartered company will set up a back office and processing centre across 1.7\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.propstack.com\/news\/tech-giant-ge-checks-into-chennai-to-set-up-1-7-lakh-square-office-back-office-on-omr\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[98,104],"class_list":["post-1004","post","type-post","status-publish","format-standard","hentry","category-chennai","category-city","tag-absorption","tag-office-space"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1004"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1004\/revisions"}],"predecessor-version":[{"id":1005,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1004\/revisions\/1005"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}