Realty developer, Vaishnavi Group, has leased nearly half of its prime oflice space to professional services provider Aon and House of Brands Mensa at Vaishnavi Silicon terraces as it aims to strengthen its position as the preferred developer for occupiers in Bengaluru.
Aon joins the growing list of marquee occupiers across categories such as Navi Technologies and Smartworks taking up premium oflice spaces at Vaishnavi’s commercial properties in Bengaluru.
Vaishnavi Silicon Terraces, which is spread across 1.10 square feet, is situated in Koramangala, Bengaluru.
Kishan Govindaraju, Director, Vaishnavi Group said, “As one of the leading real estate developers in the country, Vaishnavi Group has established itself as the preferred partner for occupiers across the value chain. Owing to the rising demand for oflice spaces in primary and secondary business districts, we have renovated Vaishnavi Silicon Terraces in Koramangala to attract new age occupiers”.
Vaishnavi currently has over 10 million square feet of commercial and residential development in diflerent stages of development.
According to international property consultant Cushman and Wakefield, India’s oflice market across the top seven cities (Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune) recorded a net absorption of 38.25 million square feet in 2022, hitting a three-year high.
This comes on the back of increasing inflow of investments from foreign and domestic companies to spur growth in the world’s fastest growing market. With 25 years of experience in developing quality real estate, Vaishnavi Group has been the preferred partner for companies looking to expand their presence in India’s Silicon Valley. In the last year alone, it has leased 1.5 million square
feet of commercial spaces to marquee occupiers.