Bengaluru Landlords Adjust Rents Amid Tech Exodus

12 Jul 2024 CW Team

In Bengaluru, the rental dynamics are evolving swiftly as tech employees move away from traditional IT hubs. Landlords are now compelled to adjust rental rates to attract tenants in areas once bustling with tech activity.

The trend reflects a broader change in the city's real estate market. Areas previously favored by tech professionals are seeing a decline in demand, prompting landlords to reconsider rental pricing strategies. This adjustment aims to retain occupancy levels and maintain cash flows amidst shifting tenant preferences.

Analysts point out that the shift is partly driven by remote work trends accelerated by the pandemic. Employees now seek housing options closer to recreational spaces and suburban tranquillity, moving away from densely packed IT corridors.

Moreover, the adjustment in rental rates varies across localities. While some areas witness a more significant drop due to high vacancy rates, others remain resilient, buoyed by diverse tenant pools beyond the tech sector.

Overall, Bengaluru's real estate market is adapting to new realities shaped by remote work and changing tenant preferences. Landlords navigating these changes are reevaluating rental pricing strategies to align with evolving market dynamics and tenant expectations.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..