Office

Information technology major Wipro's Chairman Rishad Premji on Wednesday said more employees need to work from offices rather than from their homes. He also said that coming to office helps in establishing a connect and an intimacy which is very essential for us as humans, and made it clear that no technology can be of help on the same. "You can't build that connectedness and intimacy no matter how advanced technology gets. We are human beings. I am a big believer that we should be coming back (to offices) in some shape and form," Premji said while speaking at the NTLF 2023. Accepting that hybrid working, where an employee works both from office and homes, is the future of work, Premji said the technology industry is one of the most "spoilt" sector where people enjoy this unique way of working. "People should have flexibility to work from home but people should also be coming into organisations," he said. Premji said it was possible to work from homes in the initial days of the ..

Working four days a week promotes employee well-being, reduces stress while preserving productivity, a six-month trial revealed

Property consultant JLL India on Tuesday said that nearly 350 million square feet of premium office space across four major cities needs upgradation with an estimated investment of Rs 23,380 crore. In a statement, JLL said that Bengaluru, Mumbai, Delhi-NCR, and Hyderabad hold 347 million square feet of Grade A office stock which requires upgradation and retrofits. Bengaluru has 118.8 million square feet of Grade A stock that requires upgradation, followed by Mumbai with 85.8 million square feet, Delhi-NCR with 80 million square feet and Hyderabad with 62.8 million square feet. The upgradation includes age, services and amenities-related upgrades as well as sustainability-led asset enhancements. "The estimated total investment across the four cities for the upgradation of the said total stock is around Rs 23,380 crore," it said. For the capex spend calculations, all projects over 1,00,000 square feet have been considered irrespective of the age of the asset. The top four cities acc

Newest facility spread across 23,000 sq ft and with 700 seats comes up at Whitefield

Benguluru, Delhi-NCR and Chennai led the space absorption, together accounting for 62% of total transaction activity in the first nine months of the Calendat year

The firm's office will remain open for four days each week

Office absorption has already touched 40.6 million sq ft during the first three quarters of Calendar 2022, up two fold over the same period last year, which was marked by Covid-19 induced lockdowns

The total leasing of office space for all grades of buildings fell 25 per cent in August across seven major cities to 3.9 million square feet as against same month last year on lower demand, according to property consultant JLL India. The aggregate office market leasing activities refer to transactions for all grades or types of buildings in the top 7 cities (Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata). The data includes confirmed pre-commitments and term renewals. Deals in the discussion stage are not included. Total office leasing activities stood at 5.2 million square feet in August 2021. "Overall market traction was slower in the month of August 2022, down by 25 per cent y-o-y (year-on-year) at 3.9 million square feet, mostly due to lower pre-commitments," JLL said in a report. The leasing in August fell 56 per cent from 8.8 million square feet in July this year. Mumbai, Delhi-NCR and Bengaluru were the top three cities, accounting for three-fourth of

The employees who resigned didn't want to relocate to their respective office locations

As employees embrace hybrid work, companies need to reevaluate meeting spaces when some attendees are in the office and others dial in

300,000 st ft premises is situated in Outer Ring Road at Kadubeesanahalli, Bengaluru

There's a real fear that senior colleagues, who can't stand the idea that one of their own has the privilege of working remotely, could end up undermining his position

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Employees are returning to offices, but many companies are continuing to offer the remote, flexi-work option

Gross office space leasing across nine major cities rose 16 per cent to 41.1 million square feet during the last year, driven mainly by higher demand in Hyderabad, real estate consultant CBRE said on Friday. Office space leasing or absorption stood at 35.4 million square feet during 2020, while the new supply was 42.1 million square feet. Releasing its office report 'CBRE Figures', the consultant said Bengaluru, Hyderabad, and Delhi-NCR together account for 70 per cent of the leasing activity. "The physical office would be more effective for occupiers in India in supporting employee engagement, collaboration, team productivity and innovation, relative to remote working," said Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE. While office utilisation rates across cities would fluctuate in tandem with infection rates owing to new variants (Omicron), he believed that occupiers would encourage employees to come back to offices, with their ...

2021, the year that was: What worked with work, or didn't

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First-timers are having mixed feelings about not working from home for a change and the novelty of meeting colleagues in flesh and blood

Essential shopping up with rising pharmacy and grocery visits

LinkedIn launched findings of the 'Future of Work' study by Censuswide that focuses on the insights of 1,108 respondents in the age group of 16 to 68, who have worked from home during Covid