Industry News

How Small and Medium REITs (SMREITs) Are Transforming Indian Real Estate 0
- Industry News
- August 7, 2024
SEBI’s new regulations for Small and Medium REITs (SMREITs) democratise real estate investments for retail investors, unlocking significant monetisation opportunities and enhancing liquidity. Platforms like Strata and Propshare are transitioning to SMREITs; offering stabilised returns and transparency.
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DevX Expands in Noida with Two New Coworking Spaces 0
- Industry News
- August 7, 2024
DevX has expanded its Noida presence by launching two new coworking spaces in Sectors 125 and 62, adding 37,000 square feet to its existing 60,000 square feet. This move supports their strategy to offer flexible, upscale office spaces catering to Global Capability Centers and large enterprises, enhancing work environments and scalability.
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Wipro Launches Smart and Connected IoT Experience Centre in Pune 0
- Industry News
- August 3, 2024
Wipro opens its Smart and Connected IoT Experience Centre in Pune, showcasing advanced IoT and Smart Technology applications. The facility features innovative lighting solutions, ergonomic designs, and live demonstrations. It aims to support modern businesses and drive growth across India, emphasising sustainability and smart infrastructure.
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WeWork India Renews Major Lease in Mumbai 0
- Industry News
- August 3, 2024
WeWork India renews its lease for 1.4 lakh sq ft in Mumbai’s Nesco IT Park at ₹2.25 crore monthly. The five-year deal includes escalating rent rates. This move follows recent expansions in Noida and Bengaluru, highlighting the rising demand for flexible workspaces across India’s major cities.
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Synq.Work to Invest Rs. 60 Crore in Major Expansion Drive 0
- Industry News
- August 3, 2024
Synq.Work plans to invest Rs. 60 crore to expand its seating capacity from 3,200 to 12,000 by December 2025. The company will add 600,000 sq ft to its portfolio, focusing on new metro cities like Bangalore, Pune, and Hyderabad, enhancing its client-centric and community-building office solutions.
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Office Space Demand Set to Surge by 35% in Major Indian Cities 0
- Industry News
- August 2, 2024
Office space demand in six major Indian cities is projected to rise 35% in Q1 2024, reaching 13.6 million sq ft. Hyderabad leads with a twofold increase, followed by significant growth in Mumbai and Bengaluru. The technology, engineering, manufacturing, and BFSI sectors drive this surge, with flexible workspaces also in high demand.
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