Concorde Leases One Point Four Lakh Sq Ft To BHIVE In Bengaluru

08 May 2026 CW Team

Concorde has leased one lakh forty thousand square feet to BHIVE in Bengaluru in a transaction that totals Rs 2.4 bn. The leased area is stated as 0.14 million square feet. The transaction places both parties prominently in the city office market.

The landlord Concorde structured the agreement to house a large flexible workspace operation while BHIVE will consolidate its presence in the tech hub. The arrangement follows a trend of corporate tenants and operators securing sizable city centre assets. The deal reflects demand for adaptable offices in Bengaluru, where businesses continue to prefer located campuses with modern amenities.

Industry participants assess that transactions of this size contribute to overall leasing volumes in major urban markets and strengthen investor interest in commercial assets. The sum involved, stated as Rs two point four bn, carries weight for asset owners and underlines the commercial appeal of Bengaluru. The conversion to bn and mn units clarifies scale and will be used in reporting.

The lease will support operations and client expansion for the coworking operator while adding a lease anchor for the developer. The transaction adds to a series of large format deals that underpin the office ecosystem in the city. Market participants will follow how similar lettings influence rental values and space utilisation across corporate and flexible office segments.

The transaction is part of a broader cycle of capital allocation to commercial real estate in the city, reflecting demand from technology, professional services and flexible workspace providers. Such large scale leases provide income visibility for owners and operating scale for occupiers as they plan medium term growth.

Infrastructure Urban

08 May 2026

Cabinet Approves Mission For Cotton Productivity

The Union Cabinet has approved Rs 56.59 billion (bn) for the Mission for Cotton Productivity covering the period 2026–27 to 2030–31, with the objective of addressing bottlenecks, reversing declining growth and improving quality in India’s cotton sector. The initiative aligns with the Government of India’s five F vision from farm to foreign and is intended to raise the competitiveness of the textile sector in global markets through coordinated action across ministries and research bodies. The mission will support the development of high-yielding variety (HYV) seeds that are climate resi..

Cabinet Approves Three Rail Multitracking Projects

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, approved three multitracking projects for the Ministry of Railways at a total cost of Rs 234.37 billion (bn). The projects are Nagda–Mathura third and fourth line, Guntakal–Wadi third and fourth line, and Burhwal–Sitapur third and fourth line. The investment is intended to increase line capacity and improve operational efficiency and service reliability for Indian Railways. The schemes cover 19 districts across Madhya Pradesh, Rajasthan, Uttar Pradesh, Karnataka, Andhra Pradesh and Telangana and will increase the e..

Cabinet Approves Ship Repair Facility At Vadinar

The Cabinet Committee on Economic Affairs has approved the development of a state of the art ship repair facility at Vadinar in Gujarat, to be jointly implemented by Deendayal Port Authority (DPA) and Cochin Shipyard Limited (CSL). The project carries a combined investment of Rs 15.7 billion (Rs 15.7 bn). It is planned as a brownfield facility with a 650 metres jetty, two large floating dry docks, workshops and associated marine infrastructure. Vadinar has a natural deep draft and direct connectivity to major shipping routes and its proximity to ports such as Mundra and Kandla makes it favoura..