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Industry News

WeWork India Posts First Profit of ₹128 Crore in FY25 Fueled by Deferred Tax Gains 0
- Industry News
- August 29, 2025
WeWork India achieved a major financial milestone in FY25 by reporting its first-ever profit after tax (PAT) of ₹128.2 crore, a significant turnaround from the ₹135.7 crore loss recorded in FY24. This profitability was largely driven by a substantial deferred tax gain of ₹285.7 crore, which offset the operational losses the company otherwise would have incurred. The company’s operating revenue grew by 17% year-on-year, reaching ₹1,949.2 crore, reflecting robust demand for flexible workspace solutions across India. As WeWork India prepares for its upcoming IPO with SEBI approval in hand, the company aims to capitalise on rising investor interest in the coworking sector.
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FUJIFILM India Unveils New State-of-the-Art Office in Gurugram 0
- Industry News
- August 29, 2025
FUJIFILM India has launched a 56,000 sq. ft office space in Gurugram’s DLF Cyber City, designed to foster collaboration, customer experience, and business expansion, supporting 350 workstations across its four major business segments.
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TCS Inks ₹2,130 Crore, 15-Year Lease for Massive Bengaluru Office 0
- Industry News
- August 29, 2025
Tata Consultancy Services (TCS) has signed a major ₹2,130 crore agreement for a 15-year lease of 1.4 million square feet in Bengaluru’s Electronic City, marking one of the city’s largest office deals in recent years. This move reinforces the IT giant’s expansion ambitions, boosts Bengaluru’s reputation as an IT powerhouse, and provides clear signals about the direction of India’s commercial real estate market.
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India’s REIT Market Set for 30% Penetration in Office Sector by 2030 0
- Industry News
- August 29, 2025
India’s Real Estate Investment Trust (REIT) penetration in the office segment is projected to surge to 25–30% by 2030 from the current 16%, with 500 million sq ft of office assets considered REIT-worthy and significant opportunities in Secondary Business Districts (SBDs).
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Srijan Realty Unveils Westcom, a Next-Gen Business Hub in Kolkata 0
- Industry News
- August 26, 2025
Srijan Realty, one of Eastern India’s leading real estate developers, has announced the launch of Westcom, a modern residential complex strategically located in Taratala, Kolkata. Designed as a state-of-the-art business hub, Westcom features flexible office spaces, premium retail, and world-class amenities, presenting a prime opportunity for enterprises and investors seeking a future-ready environment within the city’s evolving business corridor.
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Supreme Court Rebukes NGO for Placing Fake MCA Letter, Dismisses Smartworks IPO Appeal 0
- Industry News
- August 26, 2025
The Supreme Court of India has dismissed an appeal filed by the New Delhi–based NGO Infrastructure Watchdog against the Securities and Exchange Board of India (SEBI) concerning the ₹560-crore initial public offering (IPO) of Smartworks Coworking Spaces Limited. The Court issued a strong warning to the NGO and its counsel after finding that a fabricated letter from the Ministry of Corporate Affairs (MCA) was placed on record to cast aspersions on Smartworks’ promoters. The Bench cautioned that future attempts to mislead the judiciary would invite serious repercussions, but refrained from punitive action this time as the alleged letter did not exist.
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