🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Sumadhura Group gives on rent 5 lakh sq ft commercial spaces in Bengaluru, to earn Rs 50cr/yr
Economic Times
·
1d ago
Medial
Sumadhura Group has leased 5 lakh sq ft of commercial office and retail space in its flagship project, Sumadhura Capitol Towers, located in Whitefield, Bengaluru. This lease is projected to generate an annual rental income of Rs 50 crore for the company. Sumadhura Capitol Towers spans 8.67 acres and offers a total leasable area of 1.5 million sq ft. The strong demand for Grade A+ office spaces in Bengaluru is driven by multinational corporations establishing Global Capability Centers.
View Source
Related News
Tesla India takes on lease 8,200 sq ft commercial space in Delhi's Aerocity
Economic Times
·
17h ago
Medial
Tesla is expanding its presence in India by leasing 8,200 sq ft of commercial space in Delhi’s Aerocity for Rs 17.22 lakh per month, according to CRE Matrix. The lease is for nine years, with a 15% rent escalation every 36 months. This follows Tesla's setup in Gurugram, Haryana, where it leased a 33,000 sq ft space for a service center and sales outlet. These moves indicate Tesla's commitment to strengthening its foothold in the Indian market.
View Source
Rohit Sharma Leases Out Luxury Mumbai Apartment, Fetches Rs 2.6 Lakh In Monthly Rent
Business Today
·
5m ago
Medial
Rohit Sharma has leased his luxury apartment in Mumbai's Lower Parel for a monthly rent of ₹2.6 lakh. The property, at Lodha Marquise – The Park, is a high-end project by Lodha Group, covering 7 acres, with a carpet area of 1,298 sq ft and includes two parking spaces. Purchased in 2013 for ₹5.46 crore, it offers a rental yield of 6%. Another apartment in the same complex was also rented for ₹2.65 lakh.
View Source
Arihant Foundations to invest Rs 650 crore in real estate, forays into Bengaluru
Money Control
·
1y ago
Medial
Chennai-based real estate developer, Arihant Foundations and Housing, plans to invest INR 650 crore in both Chennai and Bengaluru within the fiscal year 2025. The company intends to invest INR 150 crore in developing grade A office spaces in Bengaluru and the remaining amount in Chennai real estate. Arihant aims to develop around 0.5 million sq ft of commercial space and 1 million sq ft of residential space in both cities. The company expects to grow its top line by 15-20% in FY25 and sees increasing interest from buyers in Chennai as an investment opportunity.
View Source
WeWork India renews lease on 1.4 lakh sq ft space in Goregaon East, Mumbai
Money Control
·
1y ago
Medial
WeWork India has renewed its lease on a 140,000 sq ft space from Nesco at its Goregaon East office complex for five years. The lease agreement, effective from August 1, includes a rent of INR 162 per sq ft per month, amounting to a total of INR 27 crore per year. The agreement also includes two escalations in 2025 and 2028. WeWork India, majority-owned by Embassy Group, operates independently from WeWork Inc and manages around 8 million sq ft of office spaces across multiple cities in India. Embassy Group plans to make WeWork India public in the next two years.
View Source
Air India leases seven floors of Gurugram building for annual rent of ₹24.05 crore
Livemint
·
1y ago
Medial
Air India has leased seven floors of office space in Gurugram for a period of five years. The lease agreement with Vatika One on One Pvt Ltd includes 1.80 lakh sq ft of office space, with a monthly rent of ₹1.89 crore. The leased property is located in Sector 16 of Gurugram and offers convenient connectivity to the airport. The deal also includes car parking spaces and a provision for a 15% rent increase after three years. Air India plans to expand its fleet and international operations in the coming months.
View Source
Bhive Workspace rents space in Adani Inspire in Mumbai’s BKC at ₹1.2 cr per month
Thehindubusinessline
·
1y ago
Medial
Bengaluru-based co-working operator Bhive Workspace has leased over 62,000 sq ft of space in Mumbai's Bandra Kurla Complex. The lease, for a period of five years, comes with a starting monthly rent of over INR 1.2 crore ($167,000). The rental agreement includes a 15% escalation after three years and the entire period of the lease is locked in for the renter. Bhive plans to use the space to establish co-working and managed spaces, including data and server rooms and a cafeteria. The licence commencement date is March 2, with a rent-free period of eight months for fit-out works.
View Source
WeWork India signs lease agreements for co-working centres in Bengaluru, Hyderabad
Economic Times
·
1y ago
Medial
WeWork India has leased 2.72 lakh sq ft of office space in Bengaluru and Hyderabad to open two new co-working centres with around 4,000 desks. The company is expanding in South India and has signed lease agreements for Manyata Redwood in Bengaluru and RMZ Spire in Hyderabad. WeWork India has grown its portfolio to over 6.5 million sq ft across 50 locations in various cities in India. The Indian business is not affected by the bankruptcy proceedings of WeWork Global.
View Source
Byju's vacates 4 lakh sq ft Bengaluru office space to cut costs
Economic Times
·
1y ago
Medial
Indian edtech company, Byju's, has downsized its office space in Bengaluru as part of its cost-cutting measures. It vacated a 400,000 sq ft property at Prestige Tech Park earlier this year, after terminating the rental agreement and adjusting the deposit against rent defaults. The firm is facing disputes with other landlords, including Kalyani Developers, who have sent a legal notice for defaulting on rental payments for a 500,000 sq ft office space at Kalyani Tech Park. Byju's has been struggling financially and has given up office space in other locations in the past as well.
View Source
Blackrock leases 42,700 sq ft of office space in Mumbai's Worli for 5 years
Money Control
·
11m ago
Medial
Fund manager Blackrock Services India Pvt Ltd has leased 42,700 sq ft of office space in Worli, Mumbai for a monthly rent of Rs 300 per sq ft. The 5-year lease will have a monthly rent of Rs 1.1 crore for the first eight months and Rs 1.28 crore for the next four months, with escalations in subsequent years. The office space is located on the 13th floor of the office tower Altimus. The lock-in period for the transaction is 36 months, and a security deposit of Rs 12.8 crore was paid.
View Source
Embassy REIT to invest Rs 3,800 crore in 4 years to complete construction of 61 lakh sq ft office space
Money Control
·
1y ago
Medial
Embassy Office Parks REIT, the first publicly listed Real Estate Investment Trust in India, plans to invest Rs 3,800 crore ($511 million) over the next four years to complete the construction of 61 lakh sq ft of office space in Bengaluru. The company aims to meet the rising demand for premium office spaces from global capability centres and domestic players. The investment will primarily be funded through debt. Additionally, Embassy REIT has signed an agreement to acquire Embassy Splendid TechZone, a Grade-A business park in Chennai.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
