Embassy Group leases 4.63 lakh sq ft workspace to Allianz

20 Jan 2022 CW Team

Situated in a development corridor 12 km away from the International Airport, the vast 21-acre integrated development will have access to banks, food courts, day care, ATMs, and healthcare centres. The Leadership in Energy and Environmental Design (LEED) Gold-rated buildings will render quality, sustainable and energy-efficient workspaces that are provided to fulfil modern challenges and will host an end-to-end building management system.

This development registers the biggest single office lease deal in the city, cementing Thiruvananthapuram as one of South India’s preferred Information Technology and IT-enabled Services ( IT/ITeS) destinations.

The 3 million sq ft world-class Special Economic Zone (SEZ) office space is being created by Taurus Investment Holdings India and Embassy Group in Taurus Downtown Trivandrum. The handover timeline for the tenancy is planned for November 2022.

Aditya Virwani, Chief Operating Officer (COO), Embassy Group, told the media that Allianz Companies’ lease at Embassy Taurus TechZone is the biggest single office deal of its kind in Thiruvananthapuram, and the start of recovery for the Indian Real Estate sector. It is a testament to how demand for big office spaces by blue chips has not been diminished by Covid-19, and they are confident that it will continue to develop.

Embassy Group is committed to fulfilling this increasing demand for Thiruvananthapuram’s increasing IT, ITeS and BPM (Business Process Management) sector with their future-first, state-of-the-art and sustainability-centric office spaces.

Image Source

Also read: Embassy Group to build commercial space in Bengaluru

Also read: Amazon in discussion with DLF to lease office space in Gurgaon

Embassy Group has rented 4.63 lakh sq ft of office space to Allianz in its Embassy Taurus Techzone project in Thiruvananthapuram, making it the single biggest office lease deal in the city. Allianz has taken 463,704 sq ft of the Grade-A office space. Situated in a development corridor 12 km away from the International Airport, the vast 21-acre integrated development will have access to banks, food courts, day care, ATMs, and healthcare centres. The Leadership in Energy and Environmental Design (LEED) Gold-rated buildings will render quality, sustainable and energy-efficient workspaces that are provided to fulfil modern challenges and will host an end-to-end building management system. This development registers the biggest single office lease deal in the city, cementing Thiruvananthapuram as one of South India’s preferred Information Technology and IT-enabled Services ( IT/ITeS) destinations. The 3 million sq ft world-class Special Economic Zone (SEZ) office space is being created by Taurus Investment Holdings India and Embassy Group in Taurus Downtown Trivandrum. The handover timeline for the tenancy is planned for November 2022. Aditya Virwani, Chief Operating Officer (COO), Embassy Group, told the media that Allianz Companies’ lease at Embassy Taurus TechZone is the biggest single office deal of its kind in Thiruvananthapuram, and the start of recovery for the Indian Real Estate sector. It is a testament to how demand for big office spaces by blue chips has not been diminished by Covid-19, and they are confident that it will continue to develop. Embassy Group is committed to fulfilling this increasing demand for Thiruvananthapuram’s increasing IT, ITeS and BPM (Business Process Management) sector with their future-first, state-of-the-art and sustainability-centric office spaces. Image Source Also read: Embassy Group to build commercial space in Bengaluru Also read: Amazon in discussion with DLF to lease office space in Gurgaon

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..

Infrastructure Transport

06 Jul 2026

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..

Infrastructure Transport

06 Jul 2026

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..