Tag: Bengaluru commercial real estate

CommercialLatest Stories

GCCs Drive Bengaluru Office Market: Focus on Experience-Led Workplaces

BENGALURU: The commercial real estate market in Bengaluru is entering a more advanced stage, driven by factors such as office absorption quality, employee experience, sustainability, and tech-oriented asset management, industry experts noted on Tuesday. The insights were shared during the RealtyDailyNews Realty & Beyond Summit Bengaluru, focusing on the future dynamics of the city’s commercial real estate sector. The panel featured Shirish Godbole, CEO of Knowledge Realty Trust; Hugh Andrew, CEO of Bagmane Prime Office REIT; Sanjay Gulati, Co-Managing Director & Principal at Gensler; Chirag Boonlia, Chief Technology Officer of Embassy Group; and Gaurav Bhatia, EVP – Asset Management at…

CommercialLatest Stories

Intuit Signs ₹915 Crore Lease for 6.3 Lakh Sq Ft in Bengaluru

US-based financial software company Intuit has finalized a deal exceeding Rs 915 crore to lease over 630,000 sq ft of office space within a commercial tower in Bengaluru’s Embassy Tech Village. This transaction is among the largest focused on Global Capability Centres (GCC) in the city, underscoring the ongoing strength in India’s office leasing sector, particularly from GCC businesses expanding their engineering, AI, fintech, and product development teams. Intuit has secured approximately 631,978 sq ft across blocks 8A, 8B, and 8C in the tower from Vikas Telecom, a special purpose vehicle of Embassy Office Parks REIT, through a 10-year lease,…