News
CBRE closes 2021’s biggest flex deal of Hyderabad with Smartworks


CBRE South Asia on October 26 announced this year’s biggest flex deal of Hyderabad with Smartworks, at Aurobindo Galaxy.
With businesses evaluating new working models that keep workplace flexibility at the centre, the 2,32,000-sq. ft. offering will help balance employee benefits and business profitability as companies resume normal operations, said a press release.
As of September 2021, India’s flex stock stood at ~39 mn sq. ft, with Hyderabad accounting for ~6 mn sq.ft. The city is further expected to see 15 per cent flex stock growth in the next two years following the increase in demand for IT and extended IT corridors, it said further.
Neetish Sarda, Founder, Smartworks, said, “Our rapid growth and expansion in Hyderabad over the last three years is driven by strong market fundamentals and an uptick in demand for flexible workspaces post-COVID. Our follow-on expansion at the state-of-the-art facility, Aurobindo Galaxy, is in line with our growth plans led by strong pre-leasing commitments from enterprises looking at fully-serviced flexible office solutions.”
-
Tech Take4 weeks ago
IoT and M2M: How the two techs differ
-
News4 weeks ago
Happiest Minds purchases 2.4 lakh sq ft office space in Bengaluru
-
New Launches4 weeks ago
L&T Realty signs up for three projects worth $ 1 bn in prime locations of MMR
-
News4 weeks ago
125 new project registration applications in UP RERA during the period of Jan-June’22
-
News4 weeks ago
Delhi RERA Chairman alerts realty sector on stronger scrutiny & punitive action on projects defying RERA registrations
-
New Launches4 weeks ago
Pune Airport’s new Retail and Coworking Centre set to launch on October 15, 2022
-
Tech Take4 weeks ago
What you must know about smart cities, IoT
-
Tech Take4 weeks ago
Benefits of remote monitoring using IoT