Tag: global capability centers

CommercialLatest Stories

JSW Realty Gets ₹1,600 Crore Loan from Tata Capital for Mumbai Project

JSW Realty, the real estate division of the JSW Group, is in advanced negotiations to secure a loan of Rs 1,600 crore (approximately $169 million) from Tata Capital Ltd., a shadow lender, as per sources familiar with the matter. The company is looking to obtain this five-year loan to finance an office development near Mumbai’s Bandra business area. The sources, who requested anonymity due to the private nature of these discussions, indicated that the loan interest rate is likely to fall between 9% and 11% per annum, whereas the yield on current five-year government bonds stands at 6.47%. The terms…

CommercialLatest Stories

Net Office Leasing Jumps 35% in Top 8 Cities: C&W

Certainly! Here’s a rewritten version of the provided content: — NEW DELHI: Net leasing of office spaces rose by 35% across eight major cities in the July-September quarter, reaching 16.25 million sq ft, driven by increased demand from both domestic and international companies, as reported by Cushman & Wakefield. According to data from the real estate consultant Cushman & Wakefield, office space leasing experienced growth in cities such as Delhi-NCR, Chennai, Hyderabad, Pune, Kolkata, and Ahmedabad. However, Mumbai and Bengaluru saw a decline in net demand. Net absorption, a crucial measure of real estate demand, reflects the net change in…

CommercialLatest Stories

IBM Leases 61,000 Sq Ft at Incuspaze’s Green Boulevard, Noida

IBM, a major player in US technology, has leased 61,000 sq. ft. of managed workspace with Incuspaze at Green Boulevard in Noida, as reported by sources close to the matter. Previously, IBM had occupied 260,000 sq. ft. at TRIL Tower in Gurgaon, developed by Tata Realty. The demand for Grade A office space has been largely driven by tech companies returning to office settings. However, various other factors are anticipated to sustain this trend. Industry experts highlight that new Global Capability Centers (GCCs), the growth of flexible workspace providers, the increase in unicorn startups, and the ongoing expansion of big…