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 Transport

17 Sep 2025

Adani wins Kedarnath ropeway project to cut trek to 36 minutes

Adani Enterprises Ltd (AEL) has secured the contract to build a 12.9-km ropeway connecting Sonprayag with Kedarnath, a project expected to transform the pilgrimage experience. Awarded by National Highways Logistics Management Ltd (NHLML), the project will be executed under the National Ropeways Development Programme – Parvatmala Pariyojana.Currently, pilgrims undertake a gruelling nine-hour trek to Kedarnath. The ropeway will reduce this journey to just 36 minutes and can transport 1,800 passengers per hour in each direction, serving the nearly 20 lakh devotees who visit annually.The Rs 25,0..

Gurugram Rapid Metro to shift from DMRC to GMRL control

The Haryana Mass Rapid Transport Corporation Limited (HMRTC) has begun the process of transferring Gurugram’s Rapid Metro operations from the Delhi Metro Rail Corporation (DMRC) to Gurugram Metro Rail Limited (GMRL). The decision was taken at HMRTC’s 62nd Board meeting, chaired by chief secretary Anurag Rastogi.Committees have been formed to oversee the transition, covering technical, legal, and operational aspects, with definitive timelines being prepared. Until the transfer is complete, the system will be managed jointly by DMRC and GMRL.The Rapid Metro has shown notable performance impr..

Chandigarh Metro cost climbs to Rs 25,000 crore amid delays

The long-awaited Chandigarh Tricity Metro project has seen its estimated cost balloon to nearly Rs 25,000 crore, following delays in approvals by the Union Territory administration. The cost, which stood at Rs 23,263 crore in February 2025, has risen by Rs 1,737 crore in just seven months, according to officials.The matter was raised during the transport standing committee meeting of the Administrator’s Advisory Council, chaired by AAP state president Vijay Pal. A presentation by Rail India Technical and Economic Service (RITES) strongly recommended that the Metro is the most suitable mass r..