Industry News

India Office Leasing Slips to 21 Million Sq. Ft. in Q2 2026 as Limited Prime Supply Slows Market Activity 0
- Industry News
- July 6, 2026
India’s office leasing declined marginally in Q2 2026, with gross leasing falling 1% to 21 million sq. ft. and net absorption dropping 14.5%. However, demand remains healthy, led by GCCs. A shortage of Grade A office supply is emerging as the primary challenge, keeping rentals firm across key markets.
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IndiQube Crosses ₹400 Crore Quarterly Revenue as Q4 FY26 Losses Narrow Amid Strong Expansion 0
- Industry News
- July 6, 2026
IndiQube reported a strong Q4 FY26 with revenue from operations rising 35.2% year-on-year to ₹401.5 crore while quarterly losses fell nearly 28%. The flexible workspace operator also expanded to 130 centres across 17 cities, reflecting stronger occupancy, improving operating leverage, and continued growth despite rising operating costs.
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ICICI Securities Values WeWork India at ₹937 as Premium Flex Workspace Demand Accelerates 0
- Industry News
- July 6, 2026
ICICI Securities has assigned a target valuation of ₹937 to WeWork India, citing strong growth prospects driven by GCC expansion, AI-led demand, and premium flexible office solutions. The brokerage expects robust revenue and EBITDA growth while highlighting the company’s ambitious plan to expand its portfolio to 11.6 million square feet.
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Rahul Arora Exits JLL India as Commercial Real Estate Advisory Enters a New Growth Phase 0
- Industry News
- July 6, 2026
Rahul Arora has stepped down as Senior Managing Director at JLL India after nearly ten years, marking the end of a significant leadership tenure. His departure comes as India’s commercial real estate advisory sector becomes more institutional, creating fresh opportunities for specialist advisory firms amid sustained office leasing demand and market expansion.
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Embassy Developments Bets Big on Bengaluru Offices with ₹1,500 Crore Investment 0
- Industry News
- June 30, 2026
Embassy Developments will invest ₹1,500 crore to build the first phase of a 6 million sq. ft. office campus in Bengaluru, strengthening its commercial portfolio. Driven by strong GCC demand, the company is also targeting residential sales of ₹8,000 crore and plans to launch housing projects worth ₹20,000 crore this fiscal.
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India’s Co-working Operators Lease Record 8.6 Million Sq. Ft. in H1 2026 as Flex Offices Gain Momentum 0
- Industry News
- June 30, 2026
India’s flexible workspace market reached a new milestone in the first half of 2026, with co-working operators leasing a record 8.6 million sq. ft. of office space. Strong demand from GCCs and enterprises pushed flex operators to account for 24% of total office leasing across seven major cities.
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