{"id":12390,"date":"2023-11-22T17:04:20","date_gmt":"2023-11-22T11:34:20","guid":{"rendered":"https:\/\/blog.bigproperty.in\/?p=12390"},"modified":"2023-11-22T17:04:22","modified_gmt":"2023-11-22T11:34:22","slug":"wipros-real-estate-shift-navigate-hybrid-work-non-core-asset-sales","status":"publish","type":"post","link":"https:\/\/bigproperty.in\/blog\/wipros-real-estate-shift-navigate-hybrid-work-non-core-asset-sales\/","title":{"rendered":"Wipro&#8217;s Real Estate Shift: Navigate Hybrid Work &#038; Non-Core Asset Sales"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bigproperty.in\/blog\/wipros-real-estate-shift-navigate-hybrid-work-non-core-asset-sales\/#Wipros_Real_Estate_Transformation\" >Wipro&#8217;s Real Estate Transformation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bigproperty.in\/blog\/wipros-real-estate-shift-navigate-hybrid-work-non-core-asset-sales\/#Property_Disposal_in_Hyderabad_and_Bengaluru\" >Property Disposal in Hyderabad and Bengaluru<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bigproperty.in\/blog\/wipros-real-estate-shift-navigate-hybrid-work-non-core-asset-sales\/#Wipros_Growing_Presence_in_Bengaluru_and_Hyderabad\" >Wipro&#8217;s Growing Presence in Bengaluru and Hyderabad<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bigproperty.in\/blog\/wipros-real-estate-shift-navigate-hybrid-work-non-core-asset-sales\/#Also_Read_Our_Latest_Blog_Posts\" >Also, Read Our Latest Blog Posts:<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Wipros_Real_Estate_Transformation\"><\/span><strong>Wipro&#8217;s Real Estate Transformation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As part of its plan to sell off non-core real estate holdings and simplify operations, Wipro is now selling two office buildings in Hyderabad and Bengaluru. According to people familiar with the company&#8217;s property disposal plans, the properties include parts of its campuses in Electronic City, Bengaluru, and Gachibowli, Hyderabad.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Property_Disposal_in_Hyderabad_and_Bengaluru\"><\/span><strong>Property Disposal in Hyderabad and Bengaluru<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Wipro sold non-core assets for hybrid work consolidation. IT company may sell the Gachibowli property and Electronic City complex.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/www.bigproperty.in\/?s=hyderabad&amp;id=18778\"><em>Open Plots Sale in Hyderabad<\/em><\/a><\/strong><\/p>\n\n\n\n<p>According to a source, Wipro is planning to concentrate its operations in Bangalore and is now considering selling all 25 acres at once. They could decide to start with a five-acre Bangalore monetization.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Wipros_Growing_Presence_in_Bengaluru_and_Hyderabad\"><\/span><strong>Wipro&#8217;s Growing Presence in Bengaluru and Hyderabad<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A <strong><em><a href=\"https:\/\/www.wipro.com\/\">Wipro<\/a><\/em><\/strong> representative responded by saying, &#8220;Wipro does not comment on rumors and speculation.&#8221;<\/p>\n\n\n\n<p class=\"has-text-align-center\"><em><a href=\"https:\/\/bigproperty.in\/blog\/\/luxury-lavish-10-resorts-in-bangalore-premium-amenities-features\/\" target=\"_blank\" rel=\"noreferrer noopener\">Luxury &amp; Lavish 10 Resorts In Bangalore-Premium Amenities, Features<\/a><\/em><\/p>\n\n\n\n<p>Three locations in Bengaluru are now under Wipro&#8217;s management, including a 25-acre site in Electronic City. The firm has three campuses in Manikanda and the financial area of Hyderabad. The government granted the corporation ownership of specified properties over 20 years ago, according to another source.<\/p>\n\n\n\n<p>Wipro, India&#8217;s fourth-largest IT company, now requires employees to work in the office three days a week under a mandatory hybrid work policy. The business informed its staff that this policy will go into effect on November 15. Wipro had 244,707 employees as of the September quarter, and its attrition rate was 15.5%.<\/p>\n\n\n\n<p>Indian real estate is evolving with the hybrid work model emphasizing space for collaboration. Furthermore, some IT firms recently said that they would no longer be employing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Also_Read_Our_Latest_Blog_Posts\"><\/span><strong>Also, Read Our Latest Blog Posts:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><strong><em><a href=\"https:\/\/www.bigproperty.in\/?s=hyderabad&amp;id=18778\">Open Plots \/ Houses \/ Villas in Hyderabad<\/a><\/em><\/strong><\/li><li><strong><em><a href=\"https:\/\/www.bigproperty.in\/?s=bangalore&amp;id=18778\">Open Plots \/ Houses \/ Villas In Bangalore<\/a><\/em><\/strong><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Frequently Asked Questions<\/strong><\/h3>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1700652090717\"><strong class=\"schema-faq-question\">1Q: <strong>Why is Wipro selling its office buildings in Hyderabad and Bengaluru?<\/strong><\/strong> <p class=\"schema-faq-answer\"><strong><em>Ans: <\/em><\/strong>Wipro is selling these properties as part of its plan to simplify operations and focus on core activities. The decision is also aligned with the company&#8217;s adoption of a hybrid work model, prompting a reevaluation of its real estate portfolio.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1700652117196\"><strong class=\"schema-faq-question\">2Q: <strong>What&#8217;s the focus of Wipro&#8217;s real estate strategy in Bangalore?<\/strong><\/strong> <p class=\"schema-faq-answer\"><strong><em>Ans:<\/em><\/strong> Wipro aims to concentrate operations in Bangalore, contemplating the sale of properties in Gachibowli and Electronic City.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1700652240361\"><strong class=\"schema-faq-question\">3Q: <strong>How does Wipro&#8217;s hybrid work policy impact employees?<\/strong><\/strong> <p class=\"schema-faq-answer\"><strong><em>Ans:<\/em><\/strong> Wipro now mandates a hybrid work policy, requiring employees to work three days in the office, reflecting industry trends.<\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wipro&#8217;s Real Estate Transformation As part of its plan to sell off non-core real estate holdings and simplify operations, Wipro is now selling two office buildings in Hyderabad and Bengaluru. According to people familiar with the company&#8217;s property disposal plans, the properties include parts of its campuses in Electronic City, Bengaluru, and Gachibowli, Hyderabad. Property [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":12391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2829,2717,55],"tags":[3019,3020,3021,3017,3018,3015,3011,3012,3008,3016,3009,3010,3007,3014,3022,3006,3013,3005],"class_list":{"0":"post-12390","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bangalore","8":"category-hyderabad","9":"category-latest-news-update","10":"tag-bengaluru-office-space-trends","11":"tag-hyderabad-it-campus-sales","12":"tag-india-it-sector-property-changes","13":"tag-india-real-estate-market-shift","14":"tag-it-company-real-estate-moves","15":"tag-it-industry-hybrid-work-trends","16":"tag-wipro-bangalore-consolidation","17":"tag-wipro-bangalore-property-sale","18":"tag-wipro-electronic-city-sale","19":"tag-wipro-employee-policies","20":"tag-wipro-gachibowli-property","21":"tag-wipro-gachibowli-property-sale","22":"tag-wipro-hybrid-work-model","23":"tag-wipro-office-space-changes","24":"tag-wipro-office-space-collaboration","25":"tag-wipro-property-disposal","26":"tag-wipro-real-estate-news","27":"tag-wipro-real-estate-strategy"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wipro&#039;s Real Estate Shift: Navigate Hybrid Work &amp; 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