Tag: Real Estate

BENGALURU: Office-sharing startup WeWork reported on Friday a dip in its second-quarter revenue from the prior quarter, as the emergence of the Delta coronavirus variant stoked a slower-than-expected recovery for the first half of the year. The company, which is backed by Japanese conglomerate SoftBank Group Corp, said the health crisis dampened its expectations ...

Ahmedabad-based property developer Shivalik Group announced the launch of Lofy home interior solutions, a forward integration of its core business of real estate development. The company looks to provide custom-fitted interiors as an added feature to its residential property buyers. “Conventionally, interiors and plumbing are some of the areas that add to the anxiety ...

Brookfield India Real Estate Trust on Tuesday reported a 3.8 per cent increase in net operating income to ₹169.6 crore for the quarter ended June and announced the distribution of ₹181.7 crore to unit-holders. Its net operating income stood at ₹163.4 crore in the year-ago period, the company said in a regulatory filing. Operating ...

BENGALURU: Saks Fifth Avenue owner Hudson’s Bay Co will convert parts of some department stores into co-working spaces, which will be managed by office-sharing startup WeWork, the companies said, at a time when many employees are negotiating remote-work policies. Hudson’s Bay will open its first five co-working offices, named SaksWorks, across the Tri-State area ...

MUMBAI: The Maharashtra government has initiated discussions with Air India to purchase its iconic building located in the Nariman Point area of the city. Maharashtra Chief Secretary Sitaram Kunte discussed the valuation of the building with Air India CMD Rajiv Bansal on Tuesday. When contacted on Wednesday, Kunte told PTI, “discussions are going on”. ...