Latest news with #GlobalCapabilityCenters
Time of India
27-05-2025
- Business
- Time of India
Sumadhura Group forays into managed office spaces, aims to lease 1 million sq. ft of space over the next three years
Sumadhura Group , a prominent real estate developer , has made its entry into the managed office space (MOS) segment with the launch of its premium workspace brand – Workship – in Bengaluru. Strategically located within Capitol Towers , Sumadhura's flagship commercial development in Whitefield, Bengaluru, Workship spans over 1.22 lakh square feet and offers more than 3,000 seats. With the growing demand for flexible workspaces across sectors such as IT & ITeS, Global Capability Centers (GCCs), pharmaceuticals, agri-tech, BFSI, and manufacturing, Sumadhura aims to scale significantly. The group plans to lease over 1 million square feet of managed office space, adding more than 10,000 seats over the next three years, positioning itself as a key player in India's evolving workspace ecosystem. The debut phase of Workship – comprising over 50,000 square feet and 1,500 seats – was fully leased within just three months of launch. Tenants from IT, pharma, and agri-tech sectors were among the early adopters, validating strong market interest. Buoyed by this momentum, Sumadhura has announced the addition of another 1,500 seats within the same Capitol Towers complex, scheduled for completion by August 2025. This rapid expansion reflects both market confidence and Workship's growing reputation as a premium managed workspace provider. Madhusudhan G, Chairman & Managing Director, Sumadhura Group, said: 'India is witnessing a significant shift in how workspaces are perceived and utilized, with a growing demand for high-quality, flexible, and premium managed office spaces . Bengaluru and Hyderabad are leading this transformation'. He further said that the strong interest from sectors such as IT/ITeS, agri-tech, and pharma reaffirms our belief that premium managed spaces—backed by real estate credibility and end-to-end operational control—represent the future of work in India. 'Our goal of reaching one million square feet of managed office space over the next three years reflects our confidence in this growth trajectory. Looking ahead, we plan to expand Workship in Hyderabad by 2027, recognizing its growing prominence as a key GCC hub and a high-potential premium office space market'. With Workship, Sumadhura Group aims to redefine the managed office space experience by combining its core strength in real estate development with a hospitality-led approach to workspace management. The group has delivered more than 54 projects, covering over 13 million square feet, with an additional 40 million square feet currently in the pipeline. In addition to residential developments, the group has diversified its portfolio to include commercial spaces, warehousing, co-living arrangements, and other real estate sectors.
Time of India
22-05-2025
- Business
- Time of India
Century Real Estate raises ₹1,850 cr from Ares Asia, SC Lowy
Century Real Estate has secured ₹1,850 crore in structured debt funding led by global investors Ares Asia and SC Lowy , marking one of the largest private debt raises by a regional real estate developer in recent quarters. The capital infusion will enable the Bengaluru based developer to unlock projects with a cumulative Gross Development Value (GDV) of ₹14,000 crore over the next five years. Ares Asia committed ₹1,600 crore across two tranches, while SC Lowy contributed ₹250 crore. The funds will be channelled towards scaling up residential and Grade A commercial developments across Bengaluru's high-demand micro-markets, the company said in a statement. 'With Bengaluru's real estate market witnessing unprecedented demand for both residential and Grade A commercial spaces, this capital infusion empowers us to accelerate our expansion, deliver world-class developments, and reinforce our leadership in the industry. Balancing both residential and commercial growth, we are committed to meeting the high demand for premium living and business spaces. Our strong FY25 performance has set the foundation for an ambitious year ahead, and we remain dedicated to shaping Bengaluru's skyline with innovative, high-quality spaces,' said Ravindra Pai, Managing Director, Century Real Estate. The developer has maintained a robust growth trajectory, clocking over 2x year-on-year growth, buoyed by the rising demand for branded residential spaces in Bengaluru. In H1FY25 alone, the firm posted pre-sales of ₹1,024 crore — a 121% jump in residential bookings compared to FY24. The latest fundraise underscores renewed investor appetite for India's real estate sector, especially in core urban markets like Bengaluru, where demand for lifestyle-focused housing and institutional-grade office assets continues to outpace supply. The city is also emerging as a prominent luxury market amongst India's top cities, with Knight Frank's Wealth Report 2025 highlighting that people investing in real estate buy more square footage in Bengaluru for $1 million compared to Mumbai and Delhi. These advantages, coupled with a growing presence of multinational corporations setting up Global Capability Centers (GCCs), including major players like Google, are further solidifying Bengaluru's position as a hub for business and innovation. The company has a land bank of over 3000 acre and a development portfolio of over 20 million comprising premium residential and commercial assets like hotels, office buildings, residences, educational institutions, and integrated townships.
&w=3840&q=100)
Business Standard
09-05-2025
- Business
- Business Standard
Hiring in IT sector expands by 16% in April on AI, cloud push: Report
Hiring in the IT sector grew 16 per cent year-on-year in April, driven by factors such as AI adoption, cloud modernisation, and the continued expansion of Global Capability Centers (GCCs), a report said on IT hiring grew last month, marking a sharp rebound from fluctuations over previous years, the report 'the foundit Insights Tracker (fit)' by jobs platform foundit played a significant role in this hiring growth, contributing over 1,10,000 new tech jobs in FY25, and ramping up demand for roles like data engineering, DevOps, and enterprise architecture, it READ: Indian IT sector may see low single-digit growth in FY25: NasscomThe foundit Insights Tracker is a comprehensive monthly analysis of online job posting activity conducted by report further said that skill-based hiring continued to dominate, with 62 per cent of IT employers prioritising practical expertise over formal READ: Reliance Jio keen to invest in IT sector in Tripura: CM Manik SahaTop in-demand domains included AI/ML, cloud computing, cybersecurity, and data analytics, which together account for 95 per cent of job postings in the IT sector, it like Coimbatore (40 per cent) Ahmedabad (17 per cent), and Baroda (15 per cent) recorded remarkable annual hiring growth driven by hybrid work models and cost advantages, said the hubs like Bengaluru (9 per cent), Mumbai (9 per cent), and Delhi NCR (7 per cent) continued to lead hiring for leadership and specialist roles, it added.
Economic Times
09-05-2025
- Business
- Economic Times
AI, cloud modernisation, GCCs drive IT hiring 16% up in April: Report
Live Events Hiring in the IT sector grew 16% year-on-year in April, driven by factors such as AI adoption , cloud modernisation, and the continued expansion of Global Capability Centers (GCCs), a report said on Friday. India's IT hiring grew last month, marking a sharp rebound from fluctuations over previous years, the report 'the foundit Insights Tracker (fit)' by jobs platform foundit played a significant role in this hiring growth, contributing over 1,10,000 new tech jobs in FY25, and ramping up demand for roles like data engineering, DevOps , and enterprise architecture, it foundit Insights Tracker is a comprehensive monthly analysis of online job posting activity conducted by report further said that skill-based hiring continued to dominate, with 62% of IT employers prioritising practical expertise over formal in-demand domains included AI/ML, cloud computing, cybersecurity, and data analytics, which together account for 95% of job postings in the IT sector, it like Coimbatore (40%) Ahmedabad (17%), and Baroda (15%) recorded remarkable annual hiring growth driven by hybrid work models and cost advantages, said the hubs like Bengaluru (9%), Mumbai (9%), and Delhi NCR (7%) continued to lead hiring for leadership and specialist roles, it added.
Time of India
09-05-2025
- Business
- Time of India
AI, cloud modernisation, GCCs drive IT hiring 16% up in April: Report
Hiring in the IT sector grew 16% year-on-year in April, driven by factors such as AI adoption , cloud modernisation, and the continued expansion of Global Capability Centers (GCCs), a report said on Friday. India's IT hiring grew last month, marking a sharp rebound from fluctuations over previous years, the report 'the foundit Insights Tracker (fit)' by jobs platform foundit said. #Operation Sindoor India-Pakistan Clash Live Updates| Missiles, shelling, and attacks — here's all that's happening Pakistani Air Force jet shot down in Pathankot by Indian Air Defence: Sources India on high alert: What's shut, who's on leave, and state-wise emergency measures GCCs played a significant role in this hiring growth, contributing over 1,10,000 new tech jobs in FY25, and ramping up demand for roles like data engineering, DevOps , and enterprise architecture, it added. The foundit Insights Tracker is a comprehensive monthly analysis of online job posting activity conducted by The report further said that skill-based hiring continued to dominate, with 62% of IT employers prioritising practical expertise over formal qualifications. Top in-demand domains included AI/ML, cloud computing, cybersecurity, and data analytics, which together account for 95% of job postings in the IT sector, it stated. Live Events Cities like Coimbatore (40%) Ahmedabad (17%), and Baroda (15%) recorded remarkable annual hiring growth driven by hybrid work models and cost advantages, said the report. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Metro hubs like Bengaluru (9%), Mumbai (9%), and Delhi NCR (7%) continued to lead hiring for leadership and specialist roles, it added. Also Read: As Google layoffs continue, a look at Big Tech job cuts in 2025
