TCS, India’s largest software firm, signed a 400,000 sq ft office space deal in Okaya Tower in Noida’s Sector 62. The company also signed a 375,000-sq ft office deal in Brigade Bhuwalka Icon in Bengaluru’s Whitefield area.
UK-based banking and insurance company NatWest Group has leased 3.7 lakh sq ft of office space, spread across 11 floors, in Bengaluru's Bagmane Constellation Business Park. Texas Instrument Pvt Ltd, a semiconductor manufacturer in Bengaluru leased 2.23 lakh sq ft of office space at Bagmane Tech Park. And last year, Google leased out over 29 lakh sq ft of space in Bengaluru through six separate deals.
Nielsen Media India Private Limited and its subsidiary Whats On India Media, have together leased 1.52 lakh square feet of office space in Mumbai. The office units are located in Commerze III, International Business Park, Oberoi Gardens in Goregaon East. Tata Digital Private Limited (TDPL), a subsidiary of Tata Sons Private Limited, renewing the lease of its headquarters in Fort.
Experts says high rental rates and issues such as congestion will lead overseas MNCs to look at emerging HUBs or markets such as Gurgaon Dwarka Expressway, Noida Expressway, Chennai or others.
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