ANZ Bengaluru signs a 6,00,000 sq ft lease from Embassy Group

28 Jun 2022 CW Team

The new building, which is now being built, is striving to house more than 6,000 employees.

S V Venkataraman, managing director of ANZ Bengaluru, told the media that with the lease for one of our current office buildings in Embassy Manyata Business Park coming to an end, they wanted to find a new office nearby for the convenience of over 5,000 employees as well as the expected growth of ANZ Bengaluru.

The operational area of Embassy Manyata, which is spread across 121 acres, is about 12 million sq ft.

Rahul Arora, head of Office Leasing Advisory India & MD - Karnataka & Kerala, JLL India, said that office leasing in significant cities has been fueled by demand brought on by a return to the office and aggressive hiring in the BFSI, technology, and start-up sectors.

He said strong market fundamentals, a healthy supply pipeline, and an increase in demand are supporting the leasing momentum's sharp acceleration.

Arora informed that this year, absorption rates are probably going to surpass pre-pandemic levels. Key developers and funders are including these components in more recent base building offerings as occupiers increasingly place a priority on sustainability, wellness, and improved employee experience.

He added that by the end of 2022, Bengaluru's stock is likely to reach 200 million sq ft, and they are already witnessing the construction of a whole generation of new-age structures that are designed to directly support occupier sustainability aspirations.

Image Source

Also read: Anarock: Delhi-NCR has the greatest office space vacany at 28.5%

ANZ Bengaluru Service Centre (ANZ Bengaluru), an existing occupier at Embassy Manyata Business Park (Embassy Manyata) since 2008, has increased the size of its footprint by signing a lease for 6,00,000 sq ft at Building M3. The new building, which is now being built, is striving to house more than 6,000 employees. S V Venkataraman, managing director of ANZ Bengaluru, told the media that with the lease for one of our current office buildings in Embassy Manyata Business Park coming to an end, they wanted to find a new office nearby for the convenience of over 5,000 employees as well as the expected growth of ANZ Bengaluru. The operational area of Embassy Manyata, which is spread across 121 acres, is about 12 million sq ft. Rahul Arora, head of Office Leasing Advisory India & MD - Karnataka & Kerala, JLL India, said that office leasing in significant cities has been fueled by demand brought on by a return to the office and aggressive hiring in the BFSI, technology, and start-up sectors. He said strong market fundamentals, a healthy supply pipeline, and an increase in demand are supporting the leasing momentum's sharp acceleration. Arora informed that this year, absorption rates are probably going to surpass pre-pandemic levels. Key developers and funders are including these components in more recent base building offerings as occupiers increasingly place a priority on sustainability, wellness, and improved employee experience. He added that by the end of 2022, Bengaluru's stock is likely to reach 200 million sq ft, and they are already witnessing the construction of a whole generation of new-age structures that are designed to directly support occupier sustainability aspirations. Image Source Also read: Anarock: Delhi-NCR has the greatest office space vacany at 28.5%

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..