Nykaa takes up 27,128 sq ft office space in South Mumbai

15 Feb 2022 CW Team

The popular beauty and fashion brand, Nykaa E-Retail Private Limited recently took an office space of 27,128 sq ft in Prabhadevi, South Mumbai as the company looks forward to increasing their online as well as offline presence post their public listing last year.

The transaction involves a rental payout of approximately Rs 41.92 crore for a lease tenure of five years, as per the documents from the real estate analytics firm CRE Matrix. The five-year lease period commences from 1 April, and the rent payout on 1 July.

Nykaa took the new space at Energy IT Park, Old Standard Mill Compound, and it also has around 13,000-14,000 sq ft of current office space on another floor.The company will have access to 27 car parking spaces.The office space is leased to the e-retail company by Naveen and Sangeeta Khandelwal, they both are directors in Devesh Functional Foods Private Limited.

CRE Matrix CEO and co-founder, Abhishek Kiran Gupta said that having the big companies like Nykaa and Byju taking up large office spaces on a lease, their confidence in the commercial office segment is continuing to increase with each new deal.The company foresees the commercial segment to witness increased interest as the Indian startup story gains momentum.The work-from-office model is going to return soon along with some modifications like hybrid.

Image Source

Also read: Kansai Nerolac Paints acquires office space in Mumbai for Rs 85 cr

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..