Bengaluru-based Sattva Group has partnered with Innovalus to launch GCCBase, an integrated platform designed to streamline the establishment and expansion of Global Capability Centres for multinational companies across India, targeting technology, BFSI, healthcare, and engineering sectors.

Chennai's commercial real estate market is experiencing its strongest year ever, with office leasing reaching a 20-year high of 5.2 million square feet year-to-date, driven by multinational expansion and surging demand from technology and BFSI sectors.

Bank of America (BofA) has acquired 1.1 million square feet of Chennai office space in a major move. This sale is BofA's biggest office space transaction of 2023 and one of its largest captive centres outside the US. The DLF Downtown, Taramani site is for the bank's Indian back office.