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

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

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%

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%

Next Story
Infrastructure Transport

MoRTH to Frame IRC Norms for New-Age Machines in Highway Work

The Ministry of Road Transport and Highways (MoRTH) has decided to formally adopt Automated and Intelligent Machine-aided Construction (AIMC) for highway projects, aiming to accelerate execution and ensure timely completion. In line with this, MoRTH announced that the Indian Roads Congress (IRC) will develop new guidelines based on feedback from contractors and concessionaires actively involved in these projects.So far, MoRTH has sanctioned at least 16 highway projects where innovative construction equipment will be deployed. Additionally, the ministry is awaiting Cabinet approval for 10 more ..

Next Story
Infrastructure Energy

SECI Extends Green Ammonia Bid Deadline to 30 June

The Solar Energy Corporation of India (SECI) has extended the bid deadline for its green ammonia tender to 30 June 2025. The tender was issued under the SIGHT Scheme - Mode 2A, Tranche I, to supply 7.24 lakh tonnes annually to 13 fertiliser plants.As the implementing agency under the National Green Hydrogen Mission, SECI will enter long-term offtake agreements with selected producers, providing 10-year commercial certainty to encourage market development for green hydrogen derivatives. ..

Next Story
Infrastructure Urban

India Launches First Maritime Sector NBFC

Union Minister Sarbananda Sonowal recently inaugurated Sagarmala Finance Corporation Limited (SMFCL), India’s first NBFC dedicated to the maritime sector. Formally registered with the RBI on 19 June 2025, SMFCL evolved from Sagarmala Development Company Limited.It will address financing gaps for ports, MSMEs, startups, and maritime institutions, supporting shipbuilding, renewable energy, cruise tourism, and education. The move aligns with India’s Maritime Amrit Kaal Vision 2047 and aims to catalyse innovation and sustainable logistics growth.Union Minister of State Shantanu Thakur emphasis..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?