Bangalore is India’s fastest-growing technology and startup hub, home to numerous companies from diverse industries. Known for hosting the R&D centres of tech giants like Google, Facebook, and Amazon, the city is a favourite among foreign investors and MNCs. This has not only created a demand for office spaces in Bangalore but also led to more innovations in the commercial real estate sector to meet the changing needs of businesses.
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In the dynamic landscape of commercial real estate, every square foot tells a story of innovation, opportunity, and investment potential. Several trends are shaping the landscape of commercial real estate, revolutionising traditional practices, and paving the way for innovative opportunities. From the continuous rise of flexible office spaces to the growing demand for building sustainability and tech-driven amenities, the commercial real estate sector is witnessing a myriad of developments.
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In a positive development for owners and operators of office parks nationwide, the central government has approved a significant amendment to the Special Economic Zones (SEZ) Rules, 2006, allowing partial and floor-wise denotification of these zones.
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The first half of 2019 saw an increase in the PE/VC investments by $23 billion which is 17% higher than the previous year. The main contributors are the infrastructure and the real-estate sectors with 23% higher investments compared to the entire 2018.
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An office space is the essence of your business and its brand value and the success of a business highly depends upon the team working behind it with their comfort, privacy, and workability being a priority.
It’s a well-known fact that good office space increases productivity and improves the workflow of the employees. And a run down, messy, untidy workspace, will not only reduce productivity but also reduces their morale.
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India is becoming a leading destination for various global players in the life sciences real-estate due to huge domestic demand and global competitiveness.
These companies are entering a period of collaborative research and development, demanding greater flexibility and creative space and this needs an effective real- estate strategy.
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