Qualcomm India expands presence in Chennai with new design centre; proposed funding at over ₹177 cr

  Chip designer Qualcomm on Sunday introduced an growth in Chennai with a brand new design centre that entails a proposed funding of ₹177.27 crore and job creation for as much as 1,600 expert professionals. The brand new centre will concentrate on wi-fi connectivity options, with a deal with improvements that complement Wi-Fi applied sciences. … Read more

2023 workplace absorption close to document excessive, dwelling gross sales at 10-year excessive

In 2023 workplace absorption got here close to an all-time excessive at 59.6 million sq. ft, whereas residential gross sales at 3.3 lakh models set a brand new 10-year document, in line with a report by Knight Frank India. Additionally learn: Workplace sector dominates: Indian actual property attracts $5.4 billion in institutional investments Transactions within … Read more

Workplace house demand in Chennai is predicted to develop amid provide overhang

  Chennai market is prone to witness an addition of about 14 million sq ft (msf) in workplace house within the subsequent two years amid sluggish progress in demand, say business analysts. The availability within the workplace house section has been outstripping absorption throughout the nation over the previous few years. 2023 witnessed some moderation. … Read more

This fall data excessive workplace leasing exercise, witnessing 16% y-o-y development in demand: report

Within the fourth quarter of 2023, the Indian workplace market noticed 58.2 million sq. toes of gross absorption throughout the highest six cities, representing a 16 per cent y-o-y development in demand, states Colliers India. Whereas the contribution of the tech sector to workplace leasing continues to say no, from round 50 per cent in … Read more

Rains wreak havoc on container commerce in Chennai, Thoothukudi 

Operations at container freight stations (CFS) in Chennai and Thoothukudi stay disrupted as they proceed to take care of the aftermath of the latest heavy rains. The deluge dumped by Cyclone Michaung in Chennai and the North-East monsoon in Thoothukudi led to in depth waterlogging and injury to cargo on the CFSs. There are round … Read more

Cisco eyes numerous progress in India throughout varied industries

Expertise conglomerate Cisco sees progress alternatives in India throughout a number of industries starting from carriers, authorities, banks, mining, to IoT, and good cities, for all its providers and choices, stated Jonathan Davidson, EVP and Common Supervisor, Cisco Networking. Additionally learn: Cisco sees subsequent progress alternative from India: CEO The corporate sees India as a … Read more