Industry News

Embassy Group Plans IPO for WeWork India 0
- Industry News
- May 3, 2024
Embassy Group plans to take WeWork India public to capitalise on the growing demand for flexible workspaces. This IPO intends to accelerate WeWork India’s expansion and strengthen its market position, aligning with the Embassy’s strategy to support entrepreneurial communities and enhance workplace dynamics.
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Dextrus Expands Its Footprint in Mumbai with New Coworking Space at One BKC 0
- Industry News
- April 30, 2024
Explore Dextrus Coworking’s newest 12,000 sqft space at One BKC, Mumbai, designed for productivity and convenience, featuring 300 seats and state-of-the-art amenities.
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India’s Office Real Estate Sees Promising Growth in Early 2024 0
- Industry News
- April 30, 2024
India’s office real estate grew 13% in Q1 2024, reaching 13.40 million sq ft, led by Bengaluru, Chennai, and Hyderabad. Despite a quarterly absorption drop, sectors like IT-ITeS and BFSI thrived. New completions also rose 26% annually, promising a solid year ahead for the market.
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Chennai Outpaces Bengaluru and Hyderabad in MNC Office Leasing 0
- Industry News
- April 30, 2024
Chennai surpassed Bengaluru and Hyderabad in MNC office leasing in 2023, securing 7 million square feet. Driven by competitive rents and robust infrastructure, Chennai’s market thrived, especially in the global capability centre sector, positioning it as a leading destination for multinational corporations.
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WeWork to Exit Indian Market Amid Industry Growth 0
- Industry News
- April 24, 2024
WeWork Inc. is exiting the Indian market, selling its 27% stake as part of a 40% divestment involving Embassy Group. Amidst its U.S. bankruptcy, WeWork India’sIndia’s growth surged, showing a 68% revenue increase in FY23. The deal awaits the approval of the Competition Commission of India.
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Offshoring Boom Fuels India’s Office Space Market 0
- Industry News
- April 23, 2024
India’s offshoring industry is fueling a surge in office space leases, now accounting for over 46% of the market. Companies increasingly seek Grade A spaces in metro cities like Bengaluru, Mumbai, Hyderabad, and Pune, driving demand for high-quality, sustainable office spaces.
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