To expand its portfolio, Aravind Maiya, Chief Executive Officer of Embassy REIT, said the company is constructing 6.1 million (61 lakh) square feet of premium office space in Bengaluru to cater to rising demand from global capability centres (GCCs) and also domestic players.
Rea estate in Q4 FY24: Housing sales rose to 86,345 units in eight major cities in January-March from 79,126 units last year. Office space leasing increased by 43% to 16.2 million sq ft from 11.3 million sq ft in the same period.