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

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..