{"id":1243173,"date":"2023-02-23T14:26:57","date_gmt":"2023-02-23T08:56:57","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1243173"},"modified":"2023-02-25T11:02:46","modified_gmt":"2023-02-25T05:32:46","slug":"google-leases-1-lakh-square-feet-office-space-in-pune-plans-mega-expansion","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/google-leases-1-lakh-square-feet-office-space-in-pune-plans-mega-expansion\/","title":{"rendered":"Google Leases 1 Lakh Square Feet Office Space In Pune: Plans Mega Expansion"},"content":{"rendered":"\n

People privy to the developments said that Google has picked up nearly 1 lakh sq ft office space in managed and flexible office space provider Smartworks\u2019 coworking center in Pune\u2019s Mundhwa locality for a total tenure of over 36 months.<\/p>\n\n\n\n

\"Google<\/figure>\n\n\n\n

New Google\u2019s Capacity at Pune <\/strong><\/p>\n\n\n\n

The new capacity shall house more than 1,300 employees and shall be utilised by Google to operate its cloud computing business.<\/p>\n\n\n\n

The new office will be at commercial tower Amar Pristine 81 (AP81) near Koregaon Park Annex.<\/p>\n\n\n\n

One of the people involved said<\/a> that \u201cThe deal has been signed and Google will start operating from this new office anytime soon. As part of the lease agreement, the company has also received signage rights\u201d.<\/p>\n\n\n\n

Including the country headquarters in Hyderabad, there are in all four offices in India.<\/p>\n\n\n\n

Following an agreement to lease 1.3-million-sq-ft in Bangalore, the company extended its 3-year lease on office space spread over around 6 lakh sq ft in Hyderabad in last year.<\/p>\n\n\n\n

Since flexibility has taken the centre stage, the demand for flexible workspace is surging among large enterprise clients as well as start-ups and is also expected to rise substantially in the coming year.<\/p>\n\n\n\n

Demand for Flexible Office Spaces on Rise<\/strong><\/p>\n\n\n\n

Over the period of next three to four years, the flexible office spaces are expected to grow by an average of around 15-20% per annum as per the estimates.<\/p>\n\n\n\n

Across the key cities and even tier II locations, with the rise of options such as the work-near-home and hybrid model, the demand and penetration of coworking office spaces will rise.<\/p>\n\n\n\n

As per a recent Knight Frank India report, from 18% a year ago, the share of co-working segment in total office transactions in the second half of 2022 across key property markets of India has witnessed a considerable growth to 21%.<\/p>\n","protected":false},"excerpt":{"rendered":"

People privy to the developments said that Google has picked up nearly 1 lakh sq ft office space in managed and flexible office space provider Smartworks\u2019 coworking center in Pune\u2019s Mundhwa locality for a total tenure of over 36 months. New Google\u2019s Capacity at Pune  The new capacity shall house more than 1,300 employees and […]<\/p>\n","protected":false},"author":26,"featured_media":1243184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[63,197],"class_list":["post-1243173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-google","tag-pune"],"acf":[],"yoast_head":"\nGoogle Leases 1 Lakh Square Feet Office Space In Pune: Plans Mega Expansion - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/google-leases-1-lakh-square-feet-office-space-in-pune-plans-mega-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Google Leases 1 Lakh Square Feet Office Space In Pune: Plans Mega Expansion - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"People privy to the developments said that Google has picked up nearly 1 lakh sq ft office space in managed and flexible office space provider Smartworks\u2019 coworking center in Pune\u2019s Mundhwa locality for a total tenure of over 36 months. 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