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Bagmane Prime Office REIT Appoints CEO Ahead of ₹4,000-Crore IPO Push 0

Blackstone and Bagmane Group-backed Bagmane Prime Office REIT has named Richard Hugh Andrew as CEO ahead of its proposed ₹4,000-crore listing. With 20 million sq ft in Bengaluru, 98% occupancy, and strong GCC-led demand, the platform could become India’s sixth listed REIT, deepening institutional participation in commercial real estate.

India’s Flexible Workspace Market Nears 100 Million Sq. Ft. as Enterprise Demand Surges: JM Financial 0

India’s flexible workspace sector has grown rapidly, expanding from 34 million sq. ft. in 2019 to nearly 100 million sq. ft. in 2025, according to JM Financial. The brokerage has initiated ‘buy’ ratings on WeWork India, Smartworks, and IndiQube, citing strong enterprise demand, rising GCC activity, and scalable managed office platforms.

Redbrick Offices Leases 0.4 Million Sq. Ft. at AP4 Tech Park, Strengthening Pune’s Flexible Workspace Market 0

Redbrick Offices has leased 0.4 million sq. ft. at AP4 Tech Park in Pune’s Wagholi–Kharadi Annexe corridor. The deal strengthens its ability to serve GCCs, IT firms, startups, and multinational companies. The Grade A development offers sustainable infrastructure and positions Redbrick to expand its managed workspace footprint in Pune’s booming technology hub.

Navi Mumbai Gains Momentum as GCC Hub with Office Rents 21% Lower Than Tier-I Markets 0
- Industry News
- March 11, 2026
Navi Mumbai is emerging as a major commercial real estate hub, driven by office rents that are about 21% lower than those in Tier-I markets. With 32.7 million sq. ft. of existing office stock and 23.5 million sq. ft. planned by 2031, the city is attracting multinational companies and GCCs.
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ICICI Prudential AIF Buys ₹520-Crore Pune IT Park to Strengthen Yield-Focused Office Portfolio 0
- Industry News
- March 11, 2026
An alternative investment fund managed by ICICI Prudential Asset Management Company has acquired a major Grade-A office property in Pune, marking another step in its strategy to build a portfolio of income-generating commercial real estate assets. The acquisition was completed through the ICICI Prudential Office Yield Optimiser Fund – Series II, which purchased approximately 3.88
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Smartworks to Engage Investors at Investec India Promoter & Founder Conference on March 10, 2026 0
- Industry News
- March 11, 2026
Smartworks Coworking Spaces will participate in the Investec India Promoter & Founder Conference 2026 in Mumbai on March 10. Company representatives will meet investors and analysts through group and one-on-one interactions while ensuring compliance with SEBI regulations and avoiding discussion of unpublished price-sensitive information during the event.
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