The Vaishnavi Group has successfully leased a significant 4.12 lakh sq ft of office space to Navi Technologies, a prominent insurance company. This move by the Vaishnavi Group is driven by the increasing need for high-quality commercial properties in the city. The leased area is located in the Vaishnavi Tech Square, Outer Ring Road, Bengaluru and covers a sprawling 4-acre land. With cutting-edge facilities and recreational amenities, the tech park can accommodate more than 4,000 employees, catering to the evolving needs of modern-day professionals in the country.
Vaishnavi Tech Square, situated along Bengaluru's Outer Ring Road, which accommodates major technology giants worldwide, presents an ideal blend of a prime location, excellent connectivity, proximity to residential units, and impressive social infrastructure. This combination makes it a favoured destination for companies that prioritize their employees. The office complex embraces a modern approach by placing employee well-being at the core of its design, aligning with the vision of Vaishnavi Tech Square. This development arises as Bengaluru experiences a robust demand for Grade A properties that feature efficient space utilization and appealing amenities, catering to the growing trend of employees returning to the office.
As one of the country's prominent real estate developers, Vaishnavi has established itself as a reputable and timely project deliverer, displaying a nuanced understanding of the evolving needs of today's employees and employers. With Vaishnavi Tech Square, the company intends to introduce a contemporary design and amenities that elevate occupiers' overall satisfaction and usher in a new era of workplace innovation. Currently, Vaishnavi Group has more than 1 million square feet of commercial developments under construction, with an additional 2.5 million square feet in the pipeline.
According to the renowned international property consultant Jones Lang LaSalle, India's office market in the top seven cities (Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune) achieved a net absorption of 38.25 million square feet in 2022, reaching a three-year peak. This surge can be attributed to the increasing influx of investments from foreign and domestic companies, driving growth in the world's fastest-growing market.
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