Tag
Commercial Real Estate
12 articles
Several Indian flexspace providers demonstrated robust financial performance in fiscal year 2026. Smartworks achieved full-year profitability with a 31% revenue increase to ₹1,796 crore and a significant expansion in EBITDA margins, bolstered by strong enterprise demand and a net cash position. Chalet Hotels reported strong revenue growth across its hospitality and commercial real estate segments, while Ventive Hospitality also showed significant YoY growth in revenue and profit. Other players like Awfis and DevX are expanding their footprints, reflecting the overall growth in demand for flexible workspaces within India.
Puravankara Q4 FY26 PAT Soars 226% YoY
Puravankara Limited reported a 226% YoY increase in Q4 FY26 net profit to ₹111 Cr, driven by a 173% revenue surge to ₹1,541 Cr.
Gross sales value for Q4 FY26 grew 190% YoY to ₹3,547 Cr, with a 37% inc
Nukleus Office Solutions FY26 Total Income Up 25.49%
Nukleus Office Solutions reported FY26 total income growth of 25.49% YoY to ₹3,619.41 lakhs and EBITDA growth of 38.12% YoY to ₹917.34 lakhs.
The company operates 25 centers managing 7.39 lakh sq. ft.
Nukleus Office Solutions FY26 Revenue Up 25.5%
Nukleus Office Solutions reported FY26 total income growth of 25.49% YoY to ₹3,619.41 lakhs with EBITDA up 38.12% to ₹917.34 lakhs.
The company operates 25 centers across 4+ cities with ~85% occupancy
Brigade's BuzzWorks Announces Mysuru Entry, 2026 Expansion
Brigade Group's BuzzWorks announces strategic entry into Mysuru with a new 500+ seat Grade-A managed office center.
Unveils multi-city expansion blueprint for FY2026, targeting 100% growth and a doubl
Chalet Hotels FY26 Revenue Crosses INR 25 Billion
Chalet Hotels reported consolidated FY26 revenue of INR 28.1 BN and EBITDA of INR 12.3 BN, with strong growth across hospitality and commercial real estate segments.
Q4 FY26 performance showed 6% YoY
Ventive Hospitality Q4 FY26 Results with Unmodified Audit
Ventive Hospitality Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with unmodified audit opinions.
Consolidated FY26 performance showed revenu
Brigade Enterprises Q4 FY26 Pre-sales Up 44% QoQ
Brigade Enterprises reported Q4 FY26 pre-sales of ₹2,521 crore, a 44% sequential increase, driven by 4 million sq ft of new launches.
Full-year FY26 consolidated revenue grew 11% YoY to ₹5,909 crore w
DevX April 2026 Monthly Newsletter Release
• DevX released its April 2026 monthly newsletter highlighting business updates, awards, and market insights.
• Company won Economic Times 'Coworking Startup of the Year' award for second consecutive
Awfis Expands Chennai Footprint with 114,000 Sq Ft
Awfis Space Solutions launched two new flexible workspace centers in Chennai totaling ~114,000 sq ft chargeable area.
The expansion increases Awfis' Chennai presence to 28 centers covering ~875,000 sq
Smartworks FY26 PAT Profit of ₹97 Cr, Revenue Up 31%
Smartworks reported its first full-year PAT profitability of ₹97 Cr in FY26, a significant turnaround from a ₹63 Cr loss in FY25.
Revenue from operations grew 31% YoY to ₹1,796 Cr, with normalized EBI
Smartworks Q4 Revenue Up 45% YoY, Net Cash Position
Smartworks disclosed its Q4 and FY26 audited results, reporting a 45% YoY revenue growth to INR 5,197 Mn and a 71% YoY rise in normalized EBITDA to INR 987 Mn.
The company's operational scale reached
Smartworks FY26 Revenue Up 31% to ₹1,796 Cr
Smartworks reported record FY26 results with revenue up 31% YoY to ₹1,796 crore and normalized EBITDA up 75% to ₹314 crore.
The company achieved first full-year PAT profitability of ₹311 crore versus