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Prominent real estate developer Vaishnavi Group, known for its South Indian projects, has announced significant office space leases at Vaishnavi Silicon Terraces. The company has leased approximately half of its premium office space to Aon, a professional services provider, and Mensa, a House of Brands. This strategic move is aimed at solidifying Vaishnavi Group's position as a favoured developer for occupiers in Bengaluru. This leasing success adds Aon to the list of prestigious occupants, including Navi Technologies and Smartworks, who have chosen Vaishnavi’s cutting-edge commercial properties in Bengaluru.
Vaishnavi Silicon Terraces, sprawling across 1.10 million square feet, is strategically located in the bustling heart of Bengaluru's Koramangala area. Featuring three blocks with a ground +3 upper floors layout, this region is a vibrant hub for contemporary companies. It offers an advantageous blend of prime location, excellent connectivity, a wealth of nearby residential options, and a robust social infrastructure. This appealing mix has established it as a preferred destination for employee-centric businesses. Recognizing the rising demand for Grade A properties with efficient space utilization and appealing amenities, Vaishnavi Group has revitalized the commercial space's façade to attract occupiers as they transition back to the office.
Vaishnavi Group's diverse portfolio includes over 10 million square feet of both commercial and residential developments in various stages of completion.
Cushman and Wakefield, a global property consultancy, reports that India's office market across the top seven cities witnessed a net absorption of 38.25 million square feet in 2022, marking a three-year high. This surge is fuelled by increasing investments from both domestic and international companies aiming to leverage growth in the world's fastest-growing market.
With a quarter-century of experience in delivering quality real estate, Vaishnavi Group is a trusted partner for companies seeking to expand their foothold in India's tech hub. In the past year alone, the company has leased an impressive 1.5 million square feet of commercial space to esteemed occupiers. This achievement underscores Vaishnavi Group's commitment to fostering a dynamic and thriving commercial landscape in Bengaluru and beyond.
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