Robust IT sector hiring sees 2 mn sq ft office space demand
April 19, 2021
Mumbai, Noida, capitals of southern states witness good demand
IT companies, in spite of work-from-home (WFH) declared by them due to Covid-19 pandemic in the last six months, with their robust hiring, have committed over two million square feet of office space in the western, southern and northern regions of the country.
“Due to the pandemic and WFH, the office market, though there would be surrendering or ending of office space leases, but IT companies looking at their last two quarters hiring plans have begun to commit huge spaces in Mumbai and Noida, in addition to southern states’ capitals,” Karan Singh Sodi, Regional Managing Director, JLL India, told
Bengaluru-based Prestige Group and Awfis will jointly invest to set up these centres and also share revenues. These six centres, spread over 2 lakh square feet area, will come up at Prestige Group s commercial properties in the three cities. The total investment in setting up these six centre is around Rs 40 crore. Both the partners are investing, Awfis founder and CEO Amit Ramani told PTI. He said all these centres will be operational between April and July this year. Ramani said the company will target not just startups and SMEs but also mid- and large-sized corporations looking to decentralise their workplaces amidst the new normal.