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Industry News

Chennai’s Grade-A Office Market Sees Robust Demand, Surges in Absorption in Q1 FY2026 0
- Industry News
- September 1, 2025
Chennai’s commercial real estate market is experiencing strong momentum, with 4.9 million sq. ft. of new Grade-A office space added in FY2025 and 1.3 million sq. ft. more in Q1 FY2026. Net absorption surged to an impressive 3.1 million sq. ft. in Q1 FY2026, signalling healthy demand led primarily by IT-BPM and engineering & manufacturing sectors. This drove occupancy levels up to 90.6% by June 2025, expected to hold steady through FY2026. Emerging micro-market Pallavaram is attracting IT/ITES firms, with half of the new supply concentrated there, 21% pre-leased already. Rental values in key micromarkets have grown steadily at a 3–4% CAGR over the last five years, with similar growth projected this fiscal year.
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Chasing 10% Rental Yields: The New Playbook for Indian Wealthy 0
- Industry News
- September 1, 2025
India’s affluent investors have recalibrated their portfolios to prioritise commercial real estate over traditional debt products and residential properties. Offering yields up to 10%, far surpassing residential returns of just 2–4%, commercial assets now command top preference among HNIs and UHNIs. Investments are also diversifying into warehousing, hospitality, student housing, and data centres—reflecting an expanding economic landscape and new wealth creation. Alternative Investment Funds (AIFs) streamline access to these assets, but successful investing requires caution, due diligence, and active management.
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GCCs, AI, Fintech Propel India’s Flex Office Surge 0
- Industry News
- September 1, 2025
Enzyme Offices, a leader in flexible workspaces, aims to double its revenue in FY26 and hit ₹200 crore ARR by FY27—driven by soaring demand from Global Capability Centres (GCCs), AI, and fintech companies. With major expansion plans and the flex space market capturing a record share of Indian office leasing, tech and global clients are shaping the segment’s growth trajectory. Growth Catalysts for Flex Spaces.
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Nairobi’s Co-Working Spaces Struggle as Restaurants Become Budget Workplaces 0
- Industry News
- September 1, 2025
A decade ago, Nairobi’s co-working hubs symbolised a new era of innovation, but economic shifts and high workspace costs now see the city’s founders turning to restaurants and cafés as more practical alternatives.
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WTC Tower Boosts Visakhapatnam’s MedTech Startup Ecosystem 0
- Industry News
- September 1, 2025
The World Trade Centre (WTC) Tower, newly launched within the Andhra Pradesh MedTech Zone (AMTZ) in Visakhapatnam, is set to transform healthcare innovation in India. By doubling the capacity of MedTech startups and offering advanced support facilities, this development is positioning Visakhapatnam as a central hub for global MedTech progress.
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WeWork India Posts First Profit of ₹128 Crore in FY25 Fueled by Deferred Tax Gains 0
- Industry News
- August 29, 2025
WeWork India achieved a major financial milestone in FY25 by reporting its first-ever profit after tax (PAT) of ₹128.2 crore, a significant turnaround from the ₹135.7 crore loss recorded in FY24. This profitability was largely driven by a substantial deferred tax gain of ₹285.7 crore, which offset the operational losses the company otherwise would have incurred. The company’s operating revenue grew by 17% year-on-year, reaching ₹1,949.2 crore, reflecting robust demand for flexible workspace solutions across India. As WeWork India prepares for its upcoming IPO with SEBI approval in hand, the company aims to capitalise on rising investor interest in the coworking sector.
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