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Tamil Nadu Sets Up SPV to Manage Co-Working Centres With Built-In Job Linkages 0

Tamil Nadu is launching a Special Purpose Vehicle (SPV)—a privately operated but government-funded entity—to oversee 30 upcoming co-working centres. This SPV will run independently, ensuring seamless operations regardless of political or bureaucratic turnover. It will also integrate recruitment services into each centre, offering free job placement support via online and on-site platforms, helping users connect with employers directly.

S&W Raises SEBI Alert: Alleged Non-Disclosures by Embassy REIT & IPO-Bound WeWork India 0

Sterling & Wilson Renewable Energy (S&W) has filed formal complaints with SEBI alleging that both Embassy Office Parks REIT and WeWork India failed to disclose a material, legally significant development—a ₹100 crore payment dispute connected to a solar project. Additionally, S&W has invoked SEBI’s “fit and proper person” norms, seeking removal of key promoters due to pending criminal prosecution. The Embassy Group has strongly denied the allegations.

Bengaluru Office Vacancy Hits Decade-Low Amid Record Leasing 0

Robust leasing activity in Bengaluru’s Grade A office market has driven vacancy rates to their lowest levels in over a decade—falling to just 9.8%. ICRA projects further tightening ahead, with vacancy expected to ease to 9.0–9.5% by FY2026—a clear sign of continued occupier demand and market resilience.

DRA Group and Balajadia Family Launch $100 Million Real Estate Platform Focused on South India 0
- Industry News
- August 11, 2025
Chennai-based real estate developer DRA Group has partnered with the Philippines-based Balajadia Family Office in a $100 million joint venture to develop premium Grade-A commercial and retail spaces across South India, starting with Chennai and Bengaluru. The collaboration, formalised via a Memorandum of Understanding (MoU), aims to deliver one million square feet of high-quality office and retail assets in a phased approach, leveraging a combination of local market knowledge and global capital.
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Tesla India Leases 8,200 Sq Ft at Delhi Aerocity for Flagship Showroom 0
- Industry News
- August 11, 2025
Tesla India is ramping up its retail and service presence with a substantial lease at Worldmark 3, Delhi Aerocity. The deal marks a major step forward for Tesla’s strategy to attract Indian consumers and strengthen its urban footprint in the country.
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Workie Launches “Condor Mirage” Coworking Hub in Bangalore’s Richmond Town 0
- Industry News
- August 11, 2025
Workie has unveiled its latest workspace offering—Condor Mirage—in Bangalore’s upscale Richmond Town. Positioned for professionals, startups, and remote teams, this new centre provides flexible desk solutions alongside private offices and collaboration areas, all enveloped in modern design and seamless city access.
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