Embassy REIT Leases 2.07 Lakh Sq Ft to Cybersecurity Firm Rubrik at Embassy TechVillage
- Industry News
- January 15, 2025
Explore the crucial role of health and wellness in enhancing Productivity within flexible workspaces. Dive into ergonomic designs, mental well-being, and environmental wellness, supported by recent trends and statistics. Learn how fostering a healthy environment can attract and retain members, ensuring long-term success for flex workspaces.
READ MOREIndia’s office market set new records in H1 2024, with 33.5 million sq ft of leasing across top cities. Bengaluru and Delhi-NCR led the surge, which was driven by the high demand for flexible office spaces. Key sectors like tech and finance boosted growth, reflecting robust confidence in the commercial real estate sector.
READ MOREIncuspaze raises $8 million in funding led by the India Inflection Opportunity Fund, boosting its expansion plans across India. The co-working provider’s portfolio spans 3 million sq ft in 18 cities, with plans to enter southern markets. This funding signals a potential IPO and strengthens their market position.
READ MORENielsen Media and subsidiary Whats On India Media Pvt Ltd have leased 1.52 lakh square feet in Commerz III, Oberoi Gardens, Mumbai, for ₹3.87 crore per month over ten years. The deal includes substantial security deposits and premium car parking facilities.
READ MOREOver 65% of Grade A office spaces in India’s top seven cities are green-certified, with Bengaluru leading in total green space and Chennai boasting the highest percentage. LEED Gold certification is prevalent, reflecting a strong demand for sustainable and flexible office solutions.
READ MOREThe UK government’s Secretary of State for Foreign, Commonwealth, and Development Affairs has purchased 12 office units totalling 14,883 sq ft in Mumbai’s One Lodha Place for ₹101.2 crore. The acquisition, signed by Trade Commissioner Harjinder Singh Kang, signifies strategic diplomatic expansion in India.
READ MORECOWRKS has leased 1.4 lakh square feet of office space in Mumbai and Bengaluru, enhancing its footprint to 15 lakh square feet. The new centres cater to the growing demand for flexible workspaces featuring modern designs and amenities. COWRKS now operates 34 centres across six cities.
READ MORECoworking firm Incuspaze has leased 1.15 lakh square feet in Bengaluru’s Whitefield to open a facility with 1,800 seats. This expansion supports their growth strategy amid rising demand for flexible workspaces in southern India, including Chennai and Hyderabad.
READ MOREThe Chennai Metropolitan Development Authority (CMDA) plans affordable co-working centres in CIT Nagar, Anna Nagar, and Kolathur to support middle-segment professionals. With a ₹30 crore investment, these centres will offer high-speed internet, workstations, meeting rooms, and libraries, fostering economic development and providing budget-friendly workspaces for entrepreneurs and freelancers.
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