Byju's leases 5.5 lakh sq ft office space in Bengaluru

01 Jul 2022 CW Team

Think and Learn, also known as Byju's, has decided to lease a 5.5 lakh sq ft office building in Bengaluru’s Kalyani TechPark for roughly Rs 95 per sq ft.

The Chan-Zuckerberg Initiative and Sequoia Capital are two of Byju's investors.

According to media sources, the lease contains a 5% yearly rent increase clause.

The Brookfield Road location where Byju's has leased space from Kalyani Group has long been the preferred micro-market for software firms. The company's second important deal is this one.

To centralise its operations, it leased 4 lakh sq ft from Prestige Group last year.

Over the past six months, the highest-valued start-up in the nation has spent more than $2 billion on acquisitions, leading to consolidation in a sector that saw growth throughout the epidemic.

By the first half of 2022, 1 million of Bengaluru's 3 million workers are likely to return to their offices gradually.

Shishir Baijal, the chairman and managing director of Knight Frank India, told the media that there was undoubtedly increased activity in the past quarter, particularly as a result of numerous market renewals and a new startup section that helped to increase space take-up.

He said in the coming quarters, as the Indian economy continues to grow, they expect the office segment to regain its pre-Covid momentum.

According to Knight Frank, 10.8 million square feet (MSF) of office space was transacted in the first quarter (Q1) of 2022 (January-March).

Bengaluru remained the foremost market with total leasing of 3.5 MSF of office space, followed by NCR, which recorded 2.3 MSF of gross leasing in the first three months.

Image Source

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

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..