Topic
bangalore
Business Sobha Q1 Net Profit Surges Nearly 250% to ₹51 Crore on Strong New Launches
Sobha Limited posted a 274% jump in Q1 FY27 net profit to ₹51 crore, with revenue rising 48% to ₹1,330 crore. The company achieved its highest-ever quarterly sales of ₹3,656 crore, driven by new project launches in Bangalore and Gurgaon.
Ola Group renews five-year lease for 4.27 lakh sq ft Bangalore office
Ola Electric and ANI Technologies, part of the Ola Group, have renewed leases for 4.27 lakh sq ft of office space at Prestige RMZ Star Tech in Bengaluru's Koramangala. The five-year agreements, registered in May 2026, carry a combined monthly rent of ₹4.42 crore with a 15% escalation after three years, reflecting stable commercial rentals in the area.
Business US retail giant Target signs ₹1,250 crore lease for 8.3 lakh sq ft at Bengaluru's Manyata Business Park
US retailer Target has taken on a 10-year lease for 8.3 lakh sq ft at Manyata Embassy Business Park in Bengaluru, with a total rental value of ₹1,250 crore. The lease, starting September 2025, includes a monthly rent of ₹8.73 crore and a 15% escalation every three years, underscoring the growing trend of GCC expansion in Bengaluru's tech ecosystem.