Clarivate leases 170,000 sq ft of space at Embassy Oxygen office park

13 Nov 2024 CW Team

Data intelligence firm Clarivate has leased 170,000 sq ft of space at Embassy Oxygen office park in Noida, said two people aware of the development. Global companies have been expanding office presence in India, leading to an increase in leasing activity.

Recently, NYSE-listed Ciena, a global leader in networking systems, services and software, leased 135,000 sq ft of office space at Gurgaon’s TRIL tower by Tata realty.

Embassy REIT, which owns and operates a 51.1 million square feet portfolio of 14 office parks, leased 2.1 million sq ft of space across 24 deals during the July-September quarter.

Global capability centres (GCCs) accounted for about half the leasing activity during the quarter, with Bengaluru leading the demand, contributing to 77% of the total quarterly leasing activity.In the National Capital Region (NCR), the information technology-business process management sector led the quarterly demand with a 29% share, followed by flexible workspaces with a 15% share.

In terms of net absorption, NCR recorded 1.8 million sq ft during the September quarter, witnessing 24% growth on quarter-on-quarter basis and 50% growth in year-n-year terms.At a submarket level, Gurgaon continued to lead demand within NCR, securing a 77% share in demand mostly in prime submarkets such as Golf Course Road Extension, Cybercity and NH 8 Prime. Noida Expressway contributed 14% to the overall guideline value in NCR during the quarter. Guideline value is the minimum value a property can be registered for, as specified by the government.During the September quarter, Delhi-NCR saw rents increase 2-7% quarter-on-quarter. The rentals are expected to remain range-bound for the rest of the year, according to experts.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..