India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Julius Baer Global Enterprise Services has leased 74,037 sq. ft. at Waterstones Business Park in Mumbai’s Andheri East. The five-year lease involves ₹102.6 crore in total rent. The deal comes amid strong GCC-led office demand, with BFSI emerging as a major driver across India’s top cities.
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India’s listed REIT market has crossed ₹2 lakh crore in market capitalisation, marking a major milestone for commercial real estate. New listings and regulatory changes are supporting market growth, while upcoming RBI rules could improve access to bank finance. However, office demand, occupancy and distribution consistency remain key risks.
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IndiQube Spaces reported a 38.5% year-on-year rise in total income to ₹448.81 crore in Q1 FY27, while its net loss narrowed 35% to ₹23.88 crore. The company benefited from a smaller income-expense gap. Its growing 137-centre network now covers 17 cities and 10.61 million sq. ft.
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IndiQube Spaces posted its highest-ever quarterly revenue of ₹428 crore in Q1FY27. PAT surged 91% to ₹35 crore, while EBITDA rose 34% to ₹87 crore. The managed workspace provider also expanded its portfolio to 10.61 million sq ft and 236,000 seats, supported by stronger occupancy and VAS growth.
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