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Thiruvananthapuram: New IT Spaces to Boost Technopark

Sure! Here’s a rewritten version of the content: Technopark THIRUVANANTHAPURAM: The city’s IT sector is on the brink of significant changes, with numerous projects underway in Technopark Phases I, III, and IV. Technopark is anticipated to create at least 50,000 jobs through these new IT spaces. CEO Sanjeev Nair emphasized that the developments across the three phases are set to transform the IT landscape in Thiruvananthapuram. “Our focus currently lies in maximizing the utilization of available land and completing ongoing infrastructure projects in Phases I, III, and IV. Once these are fully utilized, we will explore further expansion based on…

NABARD Acquires Mumbai Commercial Complex Leasehold for ₹351 Cr

Representative AI image NEW DELHI: NABARD, the premier rural development financial body, has acquired leasehold rights for a commercial complex at BKC, Mumbai for ₹351 crore, as reported by CRE Matrix. According to real estate analytics firm CRE Matrix, the National Bank for Agriculture and Rural Development (NABARD) secured these rights from MTNL for ₹350.72 crore. The registration deed was finalized in May 2026, incurring a stamp duty exceeding ₹21 crore, as confirmed by CRE Matrix after reviewing the documentation. The original lease of 80 years was issued by the Mumbai Metropolitan Region Development Authority (MMRDA) to MTNL, starting from…

India office leasing remains steady at 75.2 million sq ft in 2025

NEW DELHI: By the end of 2025, India’s office market demonstrated stability, with gross leasing across six key cities reaching 75.2 million sq ft, consistent with the previous year, as reported by Savills India. Bengaluru, Delhi-NCR, and Mumbai were the standout markets, collectively representing nearly 61% of the total office leasing activity. Despite uncertainties in the global economy, demand showed resilience, bolstered by new market entrants and the expansion of global capability centers (GCCs). Savills projects a positive outlook for 2026, driven by sustained interest from GCCs, technology firms, and the BFSI sector, although the robust supply pipeline may slightly…