office space in Bangalore
Global professional services firm KPMG has plans to take over 7 lakh square feet of office space on lease in Bangalore. This is the largest office space absorption so far in the country’s commercial office space this year. The firm also plans to add about 10,000 professionals to its workforce over the next four years [...] Continue Reading »
Mumbai- Increasing number of Information technology (IT) companies has been driving the office space demand in the prime cities. Particularly the demand for rental office spaces is rising in the peripheral areas of cities since the rental rates are comparatively low than city centric locations. Consequently, commercial real estate developers are more into developing office [...] Continue Reading »
The office space market in Bangalore witnessed a moderate leasing activity during September as against August this year. IT/ITeS sector continued to account for majority of the leasing in the city. The city has witnessed stable demand and restricted supply in the month. As a result, the overall vacancy rate has been low during the [...] Continue Reading »
Whitefield has emerged as a real estate hub in Bangalore as it has witnessed both commercial and residential developments. The credit befalls good connectivity. Marathahalli bridge construction has been a boon for growth of real estate in the area. Residential facilities, along with well designed office space are increasingly coming up. The Old Airport Road, [...] Continue Reading »
US banking group Goldman Sachs has agreed to take on lease 1.6 million sq ft of office space in Bangalore. This will be the biggest recorded commercial property deal in India. In the first phase of the transaction the investment bank initially taking up one million square feet. Another 600,000 square feet will be taken [...] Continue Reading »
Bangalore is called the silicon valley for the IT industry in India. The demand for office space is increasing rapidly in Bangalore. A demand for 3.6 million sq. ft. office space in recorded in the first quarter of 2012. According to a research agency, the demand for office space in the country has been reduced, [...] Continue Reading »
