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Market: Real estate set for unprecedented growth

Fiinews by Fiinews
January 11, 2025
in Markets
Reading Time: 3 mins read
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Embassy TechVillage

Embassy TechVillage in Bengaluru.

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Joseph sees Indian talent pool’s pivotal role in global strategy

The real estate industry in India is poised for unprecedented growth, especially the high-grade office space demand from tech-giants expanding businesses from the country’s IT hubs like Bangalore.

Such market prospects were shared by Arpit Mehrotra, Managing Director, Office Services, Colliers India, saying, “We are pleased to contribute to its (real estate) dynamic evolution https://www.bseindia.com/.”

Mehrotra highlighted how global tech giants are seeking office and centre of excellence space in the country’s major metropolis to continue their service to the global industries led by top range talented technologists from India https://www.nseindia.com/.

Colliers, a leading global diversified professional services company, specializing in commercial real estate services, engineering consultancy and investment management, facilitated the transaction of 207,000 square feet for global cybersecurity company Rubrik at Embassy TechVillage, Bengaluru .

Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, retail hubs, and recreational facilities.

The park hosts some of the world’s leading companies and continues to set the standard for integrated workspaces in India. Further enhancing its appeal, the upcoming 518-key dual-branded Hilton Hotels will provide unparalleled convenience and hospitality to over 50,000 park users https://www.bseindia.com/.

Marcus Joseph, Director Global Workplace Solutions (APJ), Rubrik, commented, “This new workspace is a significant step forward in Rubrik’s journey to scale our operations and strengthen our presence in India.

“The new facility is our commitment to creating an environment where innovation thrives, collaboration is seamless, and employees feel empowered to deliver their best work https://www.credai.org/home.

“India’s exceptional talent pool continues to play a pivotal role in our global strategy, and this new facility underscores our dedication to unlocking their potential and fostering a culture of innovation that shapes the future of cybersecurity,” he said on 9 Jan, announcing the office space securing for his group’s expansion plans.

Ritwik Bhattacharjee, Interim Chief Executive Officer of Embassy REIT, added, “We are delighted to strengthen our partnership with Rubrik as they expand their footprint at Embassy TechVillage. Embassy TechVillage embodies our commitment to creating world-class business ecosystems that inspire innovation and enable our occupiers to thrive https://www.embassyofficeparks.com/ .”

Colliers (NASDAQ: CIGI) (TSX: CIGI) is a leading global diversified professional services company, specializing in commercial real estate services, engineering consultancy and investment management. With operations in 70 countries, our 22,000 enterprising professionals provide exceptional service and expert advice to clients. For nearly 30 years, our experienced leadership – with substantial inside ownership – has consistently delivered approximately 20% compound annual investment returns for shareholders. Fiinews.com

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