Clarivate leases 170,000 sq ft of space at Embassy Oxygen office park

13 Nov 2024 CW Team

Data intelligence firm Clarivate has leased 170,000 sq ft of space at Embassy Oxygen office park in Noida, said two people aware of the development. Global companies have been expanding office presence in India, leading to an increase in leasing activity.

Recently, NYSE-listed Ciena, a global leader in networking systems, services and software, leased 135,000 sq ft of office space at Gurgaon’s TRIL tower by Tata realty.

Embassy REIT, which owns and operates a 51.1 million square feet portfolio of 14 office parks, leased 2.1 million sq ft of space across 24 deals during the July-September quarter.

Global capability centres (GCCs) accounted for about half the leasing activity during the quarter, with Bengaluru leading the demand, contributing to 77% of the total quarterly leasing activity.In the National Capital Region (NCR), the information technology-business process management sector led the quarterly demand with a 29% share, followed by flexible workspaces with a 15% share.

In terms of net absorption, NCR recorded 1.8 million sq ft during the September quarter, witnessing 24% growth on quarter-on-quarter basis and 50% growth in year-n-year terms.At a submarket level, Gurgaon continued to lead demand within NCR, securing a 77% share in demand mostly in prime submarkets such as Golf Course Road Extension, Cybercity and NH 8 Prime. Noida Expressway contributed 14% to the overall guideline value in NCR during the quarter. Guideline value is the minimum value a property can be registered for, as specified by the government.During the September quarter, Delhi-NCR saw rents increase 2-7% quarter-on-quarter. The rentals are expected to remain range-bound for the rest of the year, according to experts.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..