Articles & Latest News on office - Page 6 of 7

VerSe Innovation Halves Office Rent Amid Layoffs and Strategic Restructuring 0

VerSe Innovation, parent of DailyHunt and Josh, has moved to a smaller office, cutting rent by half to save Rs 7.2 crore annually. Following significant layoffs and financial losses, the company joins a wave of startups downsizing to control costs, stabilise operations, and delay IPO plans amid shifting market conditions.

PRIME Fund Acquires Premium South Delhi Office Property for ₹750 Crore 0

Prime Offices Fund (PRIME), managed by NCW, has acquired the premium Prius Platinum office space in South Delhi for ₹750 crore. The 3 lakh sq ft Grade A property is 95% leased and ESG-compliant. This move strengthens PRIME’s strategy of investing in sustainable, income-generating commercial assets across India.

Jet Airways’ Office Floor in Mumbai’s BKC Heads to Auction at ₹335 Crore Reserve 0

A Jet Airways-owned office floor in Mumbai’s Godrej BKC tower is set for auction on June 2 with a reserve price of ₹335.24 crore. Brookfield, which owns two other floors in the building, holds first refusal rights. The sale follows an NCLT order lifting a previous property seal.

Bihar to Build Permanent Offices for 15 Municipal Bodies, Boosting Urban Governance 0
- Industry News
- May 7, 2025
Bihar’s Urban Development Department has approved the construction of permanent office buildings for 15 municipal bodies, including older councils lacking dedicated spaces. This move aims to streamline urban governance. Municipalities must provide land and approvals, with costs estimated at ₹2.49 crore for councils and ₹4.98 crore for nagar panchayats.
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Incuspaze Expands Footprint with Major Chennai Deal Amid Soaring Office Demand 0
- Industry News
- April 22, 2025
Incuspaze has leased 2.5 lakh sq ft at Olympia Crest in Chennai’s IT corridor to launch a 4,000-seat managed workspace. This move aligns with the rising demand for flexible offices, especially from global firms in India, and marks the company’s continued nationwide expansion.
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India’s Grade A Office Stock Set for Overhaul as 62% Needs Upgrades 0
- Industry News
- April 14, 2025
A new JLL report reveals that 62% of India’s Grade A office spaces across significant cities require retrofitting to stay relevant. With a Rs 45,000 crore investment opportunity, this shift is set to reshape the office market, driven by demand for sustainable, tech-enabled, and experience-driven workspaces.
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