Topic
office space
Business Embassy to invest ₹1,500 crore in 3 million sq ft office space in Bengaluru: MD Aditya Virwani
Embassy Developments, part of Embassy Group, will invest ₹1,500 crore to build a 3 million sq ft office complex in Bengaluru. The first phase of a 35-acre, 6 million sq ft project has started. The company also posted a net loss of ₹872.47 crore in FY2025-26 but aims for ₹8,000 crore residential sales in the current fiscal.
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.
Business Urban Vault Sub-Leases 16,000 Sq Ft Gurugram Office to Green SM, Vietnam-Backed Ride-Hailing Firm
Coworking firm Urban Vault has sub-leased a 16,000 sq ft managed office on Golf Course Road, Gurugram to Green SM, the electric ride-hailing arm of Vietnam's Vingroup. The facility, featuring about 500 seats, is Green SM's first office in India. The partnership supports Green SM's India expansion, as demand for flexible managed workspaces surges across tier I cities.
Business TCS Renews 1.5 Million Sq Ft Chennai Lease Worth ₹1,420 Crore Over 10 Years
Tata Consultancy Services (TCS) has renewed its lease for nearly 1.5 million sq ft of office space at Chennai One IT SEZ in Thoraipakkam, committing an estimated ₹1,420 crore in rentals over 10 years, according to property analytics platform Propstack. The lease, effective November 1, 2025, covers 14.66 lakh sq ft across multiple towers in Blocks A and B, owned by IG3 Infra Ltd. The deal underscores TCS's long-term commitment to Chennai, one of its largest delivery and talent hubs for global IT services exports.
Business Wadhwa Group Leases 33K Sq Ft Office Space to Morningstar in Mumbai for ₹44 Crore Over 9 Years
Wadhwa Group has leased nearly 33,000 sq ft of office space to global investment research firm Morningstar at its Vishwaroop IT Park in Mumbai for a total rental of ₹44 crore over a nine-year period. The transaction expands Morningstar's footprint in the project to 4.45 lakh sq ft, and comes as Wadhwa Group prepares for an IPO and India's office market hits a record quarterly leasing volume of 29.9 million sq ft.