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.”
-
Guest Column3 weeks ago
Vertex launches its largest project, VIRAAT
-
Guest Column4 weeks ago
Planning to Invest: Consider these 5 alternate assets to put your money
-
Guest Column4 weeks ago
In 2022 PE investments in Indian real estate at $3.4 bn, at par with 2021: Savills
-
Guest Column4 weeks ago
ICRA, CRISIL enhances Commercial Paper limits of Godrej Prop to Rs 1750 cr
-
Guest Column4 weeks ago
Mirae Asset Acquires Grade-A Warehousing Space in India
-
Guest Column4 weeks ago
Propdial in talks to raise Rs 25 Crore
-
Events4 weeks ago
Celebrations at Vegas Mall, Dwarka
-
Guest Column3 weeks ago
TARC Tripundra achieves Rs 350 cr sales