Developers moving towards co-working spaces

01 Jul 2019 CW Team

Of late, several developers are starting their own co-working offices or collaborating with co-working operators. “This is because developers can offer such spaces to existing corporate clients who have temporary space requirements or are planning to scale down or up without investing in fitouts,” says Dr Samantak Das, Chief Economist and Head of Research & REIS, JLL India.

When asked what is prompting developers to start their own co-working offices, Nirupa Shankar, Executive Director, Brigade Enterprises, responds: “We see co-working as a natural extension of our business. There is a lot of demand from existing tenants. Today, companies want to outsource the administrative pains of managing multiple premises and create flexibility and efficiency in their real-estate costs. Considering that Brigade already has a sizeable office portfolio, a catering company called Celebrations, a facility management company called Orion Property Management services, and a hospitality management company, it was much easier for us to create co-working services. Our brand is called BuzzWorks, which derives its inspiration from the bee, nature’s finest example of a collaborative species that works well as a team.”

SERAPHINA D’SOUZA

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..