Kailash Babar

WeWork India reported a 149.5% year-on-year rise in first-half FY27 net profit to Rs 119 crore, while revenue grew 30.1% to Rs 1,466.7 crore. Capacity expansion, membership growth and improved operating margins supported performance. Operating cash flow strengthened, and the company shifted to a net cash position amid rising demand for flexible workspaces.

Mahindra Lifespace Developers Ltd has entered into a joint development agreement for a 10.05-acre land parcel in North Bengaluru. The development project will have an estimated gross development value of Rs 1,250 crore. It is expected to provide approximately 1 million square feet of saleable area, focusing on premium residential apartments. This project will enable the company to expand its presence in the growing North Bengaluru market.

WeWork India's first-half FY27 net profit surged 149.5% to Rs 119 crore, while revenue grew 30.1% to Rs 1,466.7 crore. Capacity expansion, rising memberships, stronger cash flows and improved margins supported growth and strengthened its financial position.

The Hiranandani Group and Krisala Developers are set to roll out four new developments in Pune and Nagpur. Their focus is on delivering high-quality homes, including a unique golf lifestyle township. With the first project in Pune expected to attract considerable revenue post-completion, both companies are confident the market will continue to flourish in the year ahead.

The company will pay a monthly rent of Rs 1.08 crore for the space, at a rate of Rs 37 per sq ft per month. The agreement includes a security deposit of Rs 6.48 crore and provides for a 15% escalation in rent every three years.

ArisUnitern RE Solutions will oversee the second phase of a commercial project in Santacruz, Mumbai. This phase includes retail shops and small office spaces, covering approximately 0.56 lakh square feet. The gross development value of the project is estimated at Rs 250 crore, with all necessary approvals in place. Unitern's mandate, lasting 18 months, will involve project execution and material procurement.

Embassy Office Parks REIT leased over 1.5 million square feet of office space in the second quarter. The REIT recorded its highest quarterly distribution of Rs 670 crore for the quarter ended September. Global capability centres accounted for 85% of leasing demand while new leases signed significantly surpassed market rents. The company also acquired additional retail space and completed a new office block dedicated to a US-based global engineering company.

Horizon Industrial Parks achieved a 30% increase in revenue, reaching Rs 215 crore for the quarter. The company leased 2.5 million sq ft, exceeding expectations and reaching 68% of its annual target. With an occupancy rate of 94%, Horizon delivered six buildings totaling 1.8 million sq ft during the quarter. The company's net debt decreased significantly after its initial public offering.

SEBI amended REIT regulations to revise unitholder voting thresholds, introduce exit options for dissenting investors during specified sponsor exits, permit depository receipts against REIT units and modify common infrastructure definitions, with implications for governance, investor protection and market access.

Brigade Group reported a 29% year-on-year profit increase to ₹219 crore in Q2 FY27, despite lower revenue. Strong residential bookings, higher operating profit, robust leasing performance and hospitality growth supported earnings, while new project launches strengthened its development pipeline.