India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

IndiQube made an impressive debut as a listed company by delivering a standout Q1 performance: operating revenue soared to ₹313 crore, up 27% year-on-year, backed by a robust recurring income model. EBITDA almost doubled to ₹65 crore, and net profit surged by 303%, landing at ₹18.5 crore. Under Ind AS, the firm reported a ₹37 crore net loss—a variation largely due to depreciation and lease interest obligations.
READ MORE
Tamil Nadu is launching a Special Purpose Vehicle (SPV)—a privately operated but government-funded entity—to oversee 30 upcoming co-working centres. This SPV will run independently, ensuring seamless operations regardless of political or bureaucratic turnover. It will also integrate recruitment services into each centre, offering free job placement support via online and on-site platforms, helping users connect with employers directly.
READ MORE
Sterling & Wilson Renewable Energy (S&W) has filed formal complaints with SEBI alleging that both Embassy Office Parks REIT and WeWork India failed to disclose a material, legally significant development—a ₹100 crore payment dispute connected to a solar project. Additionally, S&W has invoked SEBI’s “fit and proper person” norms, seeking removal of key promoters due to pending criminal prosecution. The Embassy Group has strongly denied the allegations.
READ MORE
Robust leasing activity in Bengaluru’s Grade A office market has driven vacancy rates to their lowest levels in over a decade—falling to just 9.8%. ICRA projects further tightening ahead, with vacancy expected to ease to 9.0–9.5% by FY2026—a clear sign of continued occupier demand and market resilience.
READ MORE
Chennai-based real estate developer DRA Group has partnered with the Philippines-based Balajadia Family Office in a $100 million joint venture to develop premium Grade-A commercial and retail spaces across South India, starting with Chennai and Bengaluru. The collaboration, formalised via a Memorandum of Understanding (MoU), aims to deliver one million square feet of high-quality office and retail assets in a phased approach, leveraging a combination of local market knowledge and global capital.
READ MORE
Tesla India is ramping up its retail and service presence with a substantial lease at Worldmark 3, Delhi Aerocity. The deal marks a major step forward for Tesla’s strategy to attract Indian consumers and strengthen its urban footprint in the country.
READ MORE