Industry News Archives - Page 23 of 26

Smartworks Secures 6 Lakh Sq. Ft. Office Space in Pune’s Balewadi, Strengthening Presence Ahead of IPO 0
- Industry News
- September 4, 2024
Smartworks has leased 6.13 lakh sq. ft. of office space in Pune’s Balewadi for Rs 4.48 crore per month, expanding its Pune portfolio to over 3 million sq. ft. This move strengthens Smartworks’ presence ahead of its upcoming IPO, as it continues to lead in the Indian flexible workspace sector.
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Two-thirds of India’s Grade-A Office Spaces Now Green Certified, Reflecting a Shift Towards Sustainability 0
- Industry News
- September 2, 2024
Over two-thirds of India’s Grade-A office spaces are now green-certified, reflecting a significant shift towards sustainability in the commercial real estate sector. Driven by corporate sustainability goals and regulatory frameworks, this trend highlights the growing importance of environmentally friendly buildings in reducing carbon footprints and enhancing energy efficiency.
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Awfis Space Expands in Bengaluru, Boosting Market Presence and Financial Performance 0
- Industry News
- September 2, 2024
Awfis Space Solutions has launched two new coworking centres in Bengaluru, adding 66,846 sq. ft. to its portfolio. With plans to expand further, Awfis now operates 1,12,038 seats across 185 centres in India. The company reported a net profit of Rs 1.37 crore in Q4 FY24, reflecting strong growth.
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Volkswagen Leases 1.23 Lakh Sq. Ft. in Pune’s Embassy Tech Zone to Strengthen India Presence 0

Volkswagen Group Technology Solutions India has leased 1.23 lakh sq. ft. in Pune’s Embassy Tech Zone to expand its operations. The five-year lease includes a four-month rent-free fit-out period. This reflects Volkswagen’s commitment to India amid the growing demand for office space driven by global capability centres (GCCs) nationwide.

Embassy REIT Secures 8 Lakh Sq. Ft. Lease with Commonwealth Bank in Bengaluru 0

Embassy REIT has signed an 8 lakh sq. ft. lease with the Commonwealth Bank of Australia (CBA) in Bengaluru, marking a significant expansion of CBA’s operations in India. This deal reinforces Bengaluru’s status as a key business hub and highlights Embassy REIT’s role in the premium office space market.

Ciena Leases 1.35 Lakh Sq. Ft. in Gurugram’s TRIL Tower to Expand India Operations 0

Ciena has leased 1.35 lakh sq. ft. in Gurugram’s TRIL Tower to expand its operations in India. This strategic move highlights the growing demand for premium office spaces in Gurugram, a key business hub. It reflects Ciena’s commitment to strengthening its presence in the telecommunications and IT sectors.

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