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

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

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

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

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?