CHENNAI, THE NEW OFFICE HUB
With an uptake of 6.5 million sq. ft of office space during January-September 2023, Chennai stands shoulder to shoulder with major markets like Mumbai, Delhi-NCR and Hyderabad
Chennai is a diversified market with demand being driven by not just the IT sector, but also from banking, logistics, engineering, SaaS and GCCs
A confluence of factors—a thriving economy, a pool of skilled and stable talent, robust infrastructure, and notably lower occupancy costs compared to its counterparts— are responsible for the city’s increasing allure among developers and occupiers
But the recent Cyclone Michaung, which brought the city to its knees, exposed chinks in its armour
Now, nearby Coimbatore is also emerging as one of the most preferred Tier II office locations in India
A CITY ONCE considered an underdog now stands tall. In India’s highly competitive office real estate market, which has traditionally been dominated by cities like Mumbai, Delhi-NCR, Bengaluru and Hyderabad, a new protagonist is emerging—Chennai. “It is the only city that has seen growth in the office [real estate] markets this year so far,” says Chandrakant Kankaria, Joint MD of Olympia Group, which is coming up with a 1.2 million sq. ft (msf) tech park in prime Chennai office locality Guindy.
This story is from the January 21, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 21, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Haute Couture in the Kitchen
FASHION BRANDS ARE ENTERING THE RESTAURANT SPACE, AS FOOD SEEMS TO HAVE BECOME THE ULTIMATE FASHION STATEMENT
It's Personal
Mixing work and personal tasks on work machines may be a done thing for many, but it makes sense to have a dedicated device for your personal needs. Here are two such devices
INTO THE BLUE
For WTiCabs Founder and CEO Ashok Vashist, scuba diving is not just an adventure sport. It is a pathway to connect with the ocean
"Challenges are opportunities"
AMIT JAIN CO-FOUNDER & CEO CARDEKHO GROUP CarDekho Group is a digital automotive solutions provider
THE WAIT FOR HIGHER PENSION
ALMOST 18 MONTHS AFTER THE SUPREME COURT RULING, SUBSCRIBERS WHO OPTED FOR A HIGHER PENSION UNDER THE EMPLOYEES' PENSION SCHEME CONTINUE TO WAIT AS THE EPFO, FACING A STAFF CRUNCH, TRIES TO FIGURE OUT THE MATH
"It's possible to have a 25% growth out of India from now on"
Rail Europe Executive Chairman & CEO Björn Bender talks about the India market, the shift to digital, and the way ahead
Evolving Strategies
Companies need to adapt to changing times for a strong workforce
PERKS PRESSURE
IT'S NOT JUST ABOUT THE MONEY ANYMORE FOR EMPLOYEES. FROM FOUR-DAY WORK WEEKS, TO SKILLING ON THE JOB AND MENTAL WELL-BEING EXERCISES, COMPANIES ARE OFFERING A HOST OF BENEFITS TO RETAIN TOP TALENT. IS THIS ENOUGH?
FOSTERING PLURALISM
Axis Bank, with its initiatives and policies, is striving to make a holistic difference to people's careers and hone their skills too
In Keeping With The Times
With a slew of initiatives for its employees, Abbott India is working hard to build a diverse and inclusive workforce