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Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage
Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..
Bengaluru Airport Records 9% Passenger Growth
Bengaluru International Airport (BLR) witnessed a remarkable 9% year-on-year increase in passenger traffic, handling a record-breaking 40.73 million passengers in 2024, up from 37.2 million in 2023, according to Bangalore International Airport Ltd (BIAL). The airport's robust growth in passenger numbers was fueled by a surge in air traffic movements (ATMs) and the addition of new domestic and international destinations. Daily ATMs peaked at 782 on October 17, with an annual average of 723. October 20 saw the highest single-day passenger count of 1,26,532. In cargo operations, BLR Airport ach..
India's Smart Meter Market on the Rise
Smart meters are revolutionizing energy management in India. These advanced electronic devices record real-time energy consumption and transmit the data to utility companies, enabling efficient monitoring, accurate billing, and improved energy usage management for consumers. By providing valuable insights into consumption patterns, smart meters empower both users and utilities to optimize energy operations. Key Players Driving the Market India’s smart meter sector is expanding rapidly, with prominent companies like GMR Smart Electricity Distributions Pvt. Ltd., Landis+Gyr, Siemens, Genus P..