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The new facility offers over 2,000 seats, with a per-seat cost ranging upwards of Rs 10,000 per month.
Bengaluru, September 01, 2025: UrbanVault (UV), one of India’s fastest-growing and leading workspace solution providers, today announced the launch of its latest premium centre at Manyata Tech Park, Bengaluru. This expansion marks another major milestone in UrbanVault’s journey to strengthen its position in India’s managed office space segment by catering to enterprises, scale-ups, and new-age businesses in the country’s largest technology hub.
The newly signed ~80,000 sq. ft. Grade A facility under a strategic lease with Embassy Group brings over 2,000 premium seats to UrbanVault’s pan-India portfolio. With per-seat pricing starting at ₹10,000, the Manyata Tech Park centre offers high-value, flexible workspace solutions that combine scalability, premium design, and cutting-edge infrastructure.
Located in Manyata Tech Park — India’s largest business park with over 17 million sq. ft. of operational space — the new centre provides unmatched access to Bengaluru’s thriving technology ecosystem. Home to global giants like IBM, Philips, GE, Target, and many others, the park is a magnet for innovation and enterprise growth.
UrbanVault has already secured marquee clients at its Manyata centre, including Cloud Odyssey, Pioneer, and SRM Tech, reinforcing its strong positioning as a preferred workspace partner for forward-looking enterprises.
The company’s presence in Manyata also places it alongside several other leading managed office operators, further validating the growing demand for flexible, enterprise-grade workspaces in this coveted micro-market.
Speaking on the expansion, Mr. Amal Mishra, CEO of UrbanVault, said: “Manyata Tech Park is not only India’s largest tech park but also the beating heart of Bengaluru’s enterprise ecosystem. Our entry here with ~80,000 sq. ft. of premium, flexible workspace is a strategic move to serve the growing needs of technology-driven companies. With strong pre-leasing from reputed clients and highly competitive offerings, this centre is poised to be one of our flagship assets.”
“We are committed to investing aggressively in our national expansion, targeting high-potential micro-markets across India. Our focus remains on delivering design-forward, tech-enabled workspaces that align with the evolving expectations of enterprises. Manyata is a natural fit for our vision, and we see this as a cornerstone in our Bengaluru growth story,” he added.
With this launch, UrbanVault expands its national portfolio to over 2.58 million sq. ft., managing 42,000+ seats across Bengaluru, Pune, Gurgaon, and other major cities. The company continues to chart robust growth, backed by strong financials — including a turnover of ₹120 crore in FY25 with 70%+ YoY growth and 18% PAT.
UrbanVault’s expansion into Manyata Tech Park underscores its ambition to become the go-to managed office provider for enterprises seeking flexibility, scalability, and premium work environments across India.
ABOUT URBAN VAULT
Founded in 2018, UrbanVault is a bootstrapped managed office space provider based in Bangalore, achieving impressive growth and profitability without relying on external funding. The company has achived Rs 120 crore turnover in FY 2024-25, with an 18% profit after tax (PAT) and consistent year-over-year growth, showcasing its strong financial discipline and commitment to sustainable business practices.
UrbanVault's decision to self-fund its expansion has allowed it to maintain full control over its operations, ensuring that every step aligns with its vision for long-term success. Over the past five years, the company has expanded significantly, growing from a modest 40 seats to over 42,000 seats across its network of office spaces. Spanning over 2.58 million square feet and multiple cities, UrbanVault’s portfolio demonstrates its commitment to delivering value to a diverse range of clients.
New Delhi, August 28, 2025 – The 20th EverythingAboutWater Expo & Conclave 2025 opened today at Bharat Mandapam, Pragati Maidan, with remarkable enthusiasm, global participation, and thought-provoking discussions. The event, recognized as South Asia’s largest and most influential water and wastewater management platform, began its three-day journey with distinguished dignitaries, industry pioneers, and international leaders in attendance.
The inaugural ceremony was graced by the Ambassador of Israel to India as the Chief Guest and the Ambassador of Seychelles to India as the Guest of Honour. Their presence underscored the importance of global cooperation in tackling the world’s most pressing water challenges. The ceremony was followed by the keynote remarks from the founding member of EverythingAboutWater, which set the tone for the day by emphasizing collaboration, innovation, and the shared responsibility of ensuring water security for future generations.
Day One featured a dynamic series of sessions that brought together experts from diverse sectors of the water industry. Presentations and panel discussions touched on a wide range of topics including advanced wastewater treatment, the role of nanotechnology in water management, the efficiency of irrigation systems, the conservation of groundwater resources, and sustainable approaches to urban water supply. The sessions highlighted not just the challenges facing the sector but also the innovative strategies and solutions being deployed to address them.
A special highlight of the day was the Israel Session, which showcased the country’s globally renowned expertise in water management and technology. Speakers shared breakthrough advancements in desalination, smart water distribution, leak detection systems, reuse and recycling technologies, and next-generation irrigation models. This session reinforced the strong Indo-Israel partnership in the water sector, paving the way for deeper collaboration and knowledge-sharing.
Adding weight to the discussions, the Ambassador of Israel to India noted,
“Israel and India share a strong partnership in advancing water technologies. Through collaboration, knowledge exchange, and innovation, we can address pressing water challenges and build a sustainable future for both our nations and the world.”
Reflecting on the journey of the Expo, Ms. Shivani Ghorawat, Founder of EverythingAboutWater, said,
“As we mark the 20th edition of our Expo & Conclave, our mission remains clear—to bring the world’s best water solutions to India and South Asia. With global participation and strong industry presence, this platform is driving meaningful conversations, partnerships, and innovations for water security.”
The opening day witnessed a vibrant atmosphere with more than 2,300 participants engaging with exhibitors, networking with professionals, and attending knowledge-rich conference sessions. The conference hall was completely packed with 245 delegates, reflecting the relevance of the subjects and the commitment of the water community to come together in search of solutions. With over 200 exhibitors showcasing the latest technologies and products, the expo floor was abuzz with activity, serving as a true marketplace for innovation, partnerships, and business opportunities.
The 20th EverythingAboutWater Expo & Conclave 2025 will continue until August 30, 2025, bringing together decision-makers, innovators, and practitioners from around the world to deliberate on practical and sustainable water management solutions.
27\08\2025 Nairobi - Kenya - Since opening its doors in August 2024, Novotel Nairobi Westlands has quickly established itself as a vibrant destination welcoming business travelers, families, creatives, and global explorers alike to experience the perfect blend of style, comfort, and connection. Strategically located in the bustling Westlands district, just steps from two of Nairobi’s premier malls, the hotel has hosted over 100,000 guests in its first year, becoming a trusted base for relaxation, productivity, celebration, and discovery.
At the heart of Novotel Nairobi Westlands’ identity is a unique safari-inspired design that brings the iconic Maasai Mara experience to the city. From sweeping wildebeest migration artwork to carefully placed animal sculptures of rhinos, giraffes, elephants, and cheetahs, the hotel celebrates Kenya’s rich wildlife heritage while offering guests a stylish, immersive urban retreat.
The hotel offers 347 contemporary rooms and suites, designed by the acclaimed RF Studio, seamlessly blending comfort with sustainability and modern elegance. With 13 versatile meeting and event spaces, including a grand ballroom, Novotel Nairobi Westlands has firmly established itself as a preferred choice for business and social gatherings alike, hosting executive summits, product launches and intimate private celebrations.
Among its most celebrated features is the heated rooftop pool, offering breathtaking panoramic views of the Nairobi skyline. This elevated oasis invites guests to enjoy a serene sunrise swim or a golden-hour dip, blending breathtaking vistas with pure relaxation.
For families, the brand’s promise of balanced living comes to life through bright, safe, and engaging kids’ activities, giving children the space to explore freely while their parents unwind ensuring guests of all ages feel at home.
Novotel Nairobi Westlands has also become a vibrant cultural and entertainment hub, hosting an array of creative promotions and themed events that bring the community together. From high-energy Comedy Nights and live performances by local musicians to immersive Bollywood Nights filled with music, dance, and Indian cuisine. Novotel has positioned itself as one of Nairobi’s top venues for connection and creativity. These signature experiences have also become bucket-list experiences for life milestones such as birthdays, proposals, and graduation parties, making Novotel the go-to venue for celebrating in style and creating unforgettable memories.
Culinary experiences is another hallmark and central to Novotel Nairobi Westlands’ appeal. Gemma’s Italian Kitchen & Bar has welcomed over 3,000 guests to its popular monthly Sunday brunches, while the 11th-floor Trunk & Tandoor Sky Lounge tempts diners with bold Indian flavors paired with spectacular sunset and city views. For a more relaxed setting, the Social Hub coffee lounge serves locally inspired brews in a warm, casual atmosphere making every dining moment memorable.
Novotel Nairobi Westlands, celebrating its anniversary month, has been nominated for the prestigious World Luxury Hotel Awards, a recognition that crowns a year of remarkable achievements. The hotel continues to champion sustainable hospitality through the Build Kenya movement, working with local vendors and creatives to deliver authentic Kenyan experiences. Its culture of excellence is reflected in milestones such as Executive Chef Abhijeet Bagwe being named Global Chef of the Year 2025 in Mumbai, commendation from the Tourism Regulatory Authority for service quality, and attaining the Safe Hotels certification, reaffirming its commitment to guest safety, community, and world-class hospitality.
“Our first year has been about building trust, delivering consistent quality, and creating a space that feels like home for every guest,”,” said Fabio Gonsalves, General Manager of Novotel Nairobi Westlands. “We are proud of what we’ve accomplished, thankful to our guests and partners, and excited for the journey ahead. Equally, we take pride in creating meaningful employment opportunities, with 98% of our workforce being talented Kenyans who are the true heartbeat of our success.”
Novotel Nairobi Westlands is part of Novotel Hotels & Resorts, a global brand known for creating spaces that encourage balance, connection, and well-being, with more than 590 hotels across key destinations worldwide. The property is also a member of Accor, a world-leading hospitality group and a participating brand in ALL Accor, a lifestyle loyalty program and booking platform providing access to a wide variety of rewards, services and experiences.
· 500 msf of office assets are REIT-worthy, including over 130 msf of stock already listed under existing REITs
· REITs can potentially unlock additional 371 msf of Grade A office space
· 60% of the additional REITable office assets are concentrated in SBD areas of top seven cities
· Indian REITs & InvITs are increasingly diversifying into segments such as retail, warehousing and logistics parks
· Income generating assets such as hotels, rental housing and data centres can potentially come under the anvil of REITs in the long-term
Gurgaon, India, 26 August 2025: India’s Real Estate Investment Trust (REIT) market is steadily progressing from a “Nascent” to “Early Growth” stage, with close to 140 million sq ft of real estate assets including office and retail spaces already getting listed. According to Colliers’ latest report, “REITs Unlocked: Accelerating India’s Real Estate Maturity”, the four listed office REITs currently encompass close to 133 million sq ft of Grade A office space. Additionally, about 371 million sq ft of office assets, accounting for about 46% of the existing Grade A stock, can potentially come under future REITs. Amongst the top seven cities, Bengaluru accounts for the bulk of additional REITable stock with a share of 24%, followed by Hyderabad at 19%. Furthermore, existing REITs have around 34 million sq ft of under construction supply and this is likely to become operational in the next 1-2 years. Overall, Indian REITs continue to pick pace, especially in the office sector, supported by new listings, broadening of occupier base and growing institutionalization in the segment.
Existing REIT/InvIT portfolio in India
Office stock under existing REIT (msf) | ~133 |
Retail stock under existing REIT (msf) | ~5 |
Industrial stock under existing InVIT (msf) | ~11 |
Source: Latest respective REIT/InvIT quarterly filings reports, DRHP (Knowledge Realty), Colliers
Note: Data is indicative of stock in Tier I cities (Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, and Pune) only
India office REIT snapshot
Existing office stock (msf) | 814 |
Total REITable/REIT worthy office stock (msf) | ~500 |
Office stock under existing REIT (msf) | ~133 |
Current REIT penetration (%) | 16% |
Additional office stock with potential to be included in future REITs (msf) | ~371 |
Source: Colliers
Note: Data pertains to Grade A office buildings and top 7 cities - Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, and Pune
Interestingly, at a micro market level, about 223 msf or 60% of the additional REITable office stock lie within Secondary Business Districts (SBDs) of the top seven cities in India. Amongst these SBDs, Bengaluru leads with a share of 36%, followed by Hyderabad at 29%. While the additional REITable stock is predominantly concentrated in SBDs and Peripheral Business Districts (PBDs) of major cities, about 14% of Grade A buildings in Central Business District (CBD) localities have the potential to be listed as future REITs.
Micro market profile of REITable stock
Stock under existing REITs |
| Additional stock with potential to be included under future REITs | ||||
City | Stock under existing REITs in msf (share of city in %) | Share of Micro market in city (%) | City | Additional stock with REIT potential in msf (share of city in %) | Share of Micro market in city (%) | |
Bengaluru | 44.7 (34%) | CBD: 2% SBD: 12% PBD: 86% | Bengaluru | 89.7 (24%) | CBD: 2% SBD: 10% PBD: 88% | |
Chennai | 4.5 | CBD: 0% SBD: 75% PBD: 25% | Chennai | 52.5 (14%) | CBD: 6% SBD: 35% PBD: 59% | |
Delhi NCR | 17.6 | CBD: 3% SBD: 40% PBD: 57% | Delhi NCR | 57.7 (16%) | CBD: 58% SBD: 5% PBD: 37% | |
Hyderabad | 25.0 | CBD: 0% SBD: 3% PBD: 97% | Hyderabad | 68.6 (19%) | CBD: 1% SBD: 4% PBD: 95% | |
Kolkata | 5.5 | CBD: 0% SBD: 100% PBD: 0% | Kolkata | 4.8 (1%) | CBD: 0% SBD: 100% PBD: 0% | |
Mumbai | 23.2 | CBD: 9% SBD: 47% PBD: 44% | Mumbai | 45.0 (12%) | CBD: 5% SBD: 67% PBD: 28% | |
Pune | 12.1 | CBD: 15% SBD: 85% PBD: 0% | Pune | 52.6 (14%) | CBD: 22% SBD: 54% PBD: 24% | |
Pan India | 132.6 (100%) | CBD: 4% SBD: 33% PBD: 63% | Pan India | 370.9 (100%) | CBD: 14% SBD: 26% PBD: 60% | |
Source: Colliers
Note: Overall % share represents city share of REITable stock within the top seven cities; Share for CBD, SBD and PBD is for each respective city
CBD – Central Business District; SBD – Secondary Business District; PBD – Peripheral Business District | Data pertains to Grade A office buildings
Tenant quality drives occupancy levels and average rentals of properties under REITs
Mirroring the resilience of India’s commercial real estate sector, office REITs continue to demonstrate strong operational performance amid global uncertainties. With occupancy rates exceeding 86%, demand for premium office spaces remains robust. Steady rental income growth, underpinned by long-term leases and high tenant retention, further reinforces the credibility of REITs in the Indian office market.
Tenant profile of existing office REITs
| Technology | BFSI | Engineering & Manufacturing | Consulting | Flex Space | Others |
Brookfield | 43% | 54% | 3% | - | - | - |
Mindspace | 12% | 39% | 11% | 28% | 10% | - |
Embassy | 8% | 11% | 14% | 21% | 13% | 33% |
Knowledge Realty | 55% | 22% | - | 4% | - | 19% |
Source: Latest respective REIT quarterly filings reports, DRHP (Knowledge Realty), Colliers
Note: Others include healthcare & pharma, etc
“Office REITs in India are at an early growth stage, with approximately 16% of Grade A stock already listed on the equity markets. An additional 371 million sq ft of office space can come under future REITs, much of which is concentrated in SBDs across the top seven markets. Rising demand from Global Capability Centers (GCCs) along with space uptake by technology & BFSI firms is driving occupancy levels. This in turn is expected to accelerate the growth of office REITs in India. For developers and investors, SBDs offer a significant opportunity to capitalize into these high-demand areas, unlocking value and driving long-term growth for their REIT portfolios,” says Badal Yagnik, Chief Executive Officer, Colliers India.
REIT market in India still relatively smaller compared to other global markets
Globally, REITs across APAC, Europe & America have expanded into multiple assets such as office, retail malls, industrial warehouses, hospitals, residential apartments, data centers etc. Currently, Japan and Singapore are relatively established REIT markets in the APAC region with investors having access to a diverse set of underlying real estate assets. However, REITs/ Infrastructure Investment Trust (InvITs) market in India is relatively smaller in scale and have listed office, retail and warehousing portfolios within the trusts. The regulatory environment in India is strong and REITs can ultimately expand to newer asset classes. Interestingly, SEBI has been championing the case for Small and Medium Real Estate Investment Trusts (SM-REITs) in recent years.
“The momentum of REITs in India is steadily gathering pace, fueled by rising investor confidence and growing focus on institutionalization of real estate. Diversification of REITs into different asset classes over the last few years and recent listings have enhanced the participation of retail investors. Office REITs, in particular have performed well and currently have a market penetration of around 16%. With strong fundamentals in play, 25-30% of the overall office stock in India can potentially come under REITs by 2030." says Vimal Nadar, Senior Director & Head of Research, Colliers India.
Increasing diversification and integration of ESG practices in Indian REITs
REITs in India are increasingly diversifying beyond office spaces, driven by a combination of investor demand for higher yields, the need for portfolio resilience, and evolving real estate dynamics. Going ahead, similar to mature markets REITs and InvITs in India can potentially further expand into segments such as retail, warehousing, hospitality, and even data centers. Additionally, with a track-record in mature markets, rental housing segments such as senior housing, co-living, student housing etc., can become futuristic REIT bets in India as well.
Currently, 86% of operational office portfolios under existing REITs are green-certified, reflecting strong alignment with international sustainability benchmarks. Over the next few years, Indian REITs are targeting green certification of their entire portfolios. They also aim to increase renewable energy usage by 30–35%. Overall, these measures reinforce their appeal to ESG-focused investors and can play a pivotal role in the next growth phase of Indian REITs
मुक्ता बर्वे, स्पृहा जोशी, संकर्षण कऱ्हाडे यांचे सादरीकरण तर अभिनेत्री वंदना गुप्ते, राणी वर्मा यांची विशेष उपस्थिती.
मुंबई, (सां. प्रतिनिधी) : ब्राह्मण सेवा मंडळाचा यंदाचा शतकमहोत्सवी गणेशोत्सव असल्यामुळे तो संस्मरणीय राहावा म्हणून, अत्यंत वेगळ्या प्रकारे साजरा करण्याचे संस्थेने ठरविलेले आहे. धार्मिक, सांस्कृतिक, सामाजिक आणि मनोरंजनात्मक कार्यक्रमांसोबतच श्रीं च्या आगमनाचा सोहळा, श्री गणेश याग, श्री गणेश अथर्वशीर्ष सहस्त्रावर्तन, महाप्रसाद व श्रींच्या विसर्जन सोहळ्याची पारंपारिक अशी भव्य मिरवणूक इत्यादी कार्यक्रम योजिले आहेत.
'ब्राह्मण सेवा मंडळा’च्या शतकमहोत्सवी गणेशोत्सवाचे औचित्य साधत ‘प्रिय भाई… एक कविता हवी आहे’ हा पु.ल. देशपांडे आणि सुनीताबाई यांच्याशी जोडलेले कविता - प्रेमातून उलगडणारे संवाद आणि शोध टिपण असा अत्यंत वेगळा काव्यमय नाट्यप्रयोग अभिनेत्री मुक्ता बर्वे अत्यंत मुलायम आणि प्रभावी अभिनयाद्वारे सादर करणार आहेत. कथा-काव्य, रेखाचित्रे, संगीत, गायन आणि समृद्ध वातावरण रसिकांना एक विलक्षण अनुभव देणार आहे. मुक्ता बर्वे यांच्यासोबत या कार्यक्रमात अमित वझे, मानसी वझे, निनाद सोलापूरकर, जयदीप वैद्य, अंजली मराठे यांची सोबत असणार आहे. दि. २९ ऑगस्ट २०२५ रोजी रात्री ८ वा. हा विशेष कार्यक्रम सादर होईल. दुसरा अत्यंत वेगळा कार्यक्रम सादर करण्यासाठी अभिनेता संकर्षण कऱ्हाडे आणि अभिनेत्री स्पृहा जोशी या लोकप्रिय जोडीचा ‘संकर्षण via स्पृहा’ हा मराठी साहित्य - मनोरंजनाचा कार्यक्रम सादर होईल. कवितांपासून गाणी, किस्से, आठवणी आणि खास गप्पांची मैफिल ते सादर करतील. त्यांच्याबरोबर सहकलाकार म्हणून विनय चौलकऱे आणि गांधीर जोग यांची साथ असणार आहे. १ सप्टेंबर २०२५ रोजी रात्री ८ वा. हा कार्यक्रम सादर होईल. त्याबरोबरीने पद्मश्री माणिक वर्मा जन्मशताब्दी निमित्ताने माणिक वर्मा यांच्या सुमधुर गीतांवर आधारित ‘हसले मनी चांदणे’ हा कार्यक्रम सादर होईल. माणिक वर्मा यांच्या कन्या वंदना गुप्ते, राणी वर्मा आणि इतर सदस्य उपस्थित राहणार आहेत. दि. ३ सप्टेंबर २०२५ रोजी रात्री ८ वा. हा कार्यक्रम सादर होणार आहे. या व्यतिरिक्त दि. ३० ऑगस्ट २०२५ रोजी रात्री ८ वा. ‘ऑपरेशन सिंदूर – नव्या भारताचा सामर्थ्याविष्कार’. वक्ते : मा. ले. ज. विनायक पाटणकर (नि.) व मा. ले. ज. एस. एस. हसबनीस (नि.), मुलाखतकार : जेष्ठ पत्रकार उदय निरगुडकर. दि. ३१ ऑगस्ट २०२५ रोजी रात्री ८ वा. ‘उकलुया हस्तरेखांचे गूढ’- वक्ते : प्रद्योत पेंढारकर, मुलाखतकार : सर्वेश देशपांडे. दि. ५ सप्टेंबर २०२५ रोजी रात्री ८ वा. वारकरी कीर्तन – ह.भ.प. श्री. जगन्नाथ महाराज पाटील. अश्या अत्यंत वेगळ्या कार्यक्रमांचा आस्वाद गणेशभक्त रसिकांना 'ब्राह्मण सेवा मंडळा'च्या सांस्कृतिक मंचाने उपलब्ध करून दिले आहे. रसिकांना हे सर्व कार्यक्रम विनामूल्य पहाता येणार असून काही रांगा आरक्षित असणार आहेत. हे सर्व कार्यक्रम 'ब्राह्मण सेवा मंडळ', भवानी शंकर रोड, दादर (प), मुंबई २००२८ येथे सादर होतील.
ब्राह्मण सेवा मंडळाची स्थापना दि. १० डिसेंबर १९१६ रोजी झाली. तथापि पहिला श्री गणेशोत्सव ११ ते २० सप्टेंबर १९२६ रोजी ‘मुकुंद मॅन्शन’ मध्ये संपन्न झाला. स्थापनेपासूनच मंडळामध्ये अनेक कार्यक्रम व स्पर्धांचे आयोजन केले गेले आहे. सांस्कृतिक कार्यक्रमामध्ये श्री. राम मराठे, श्रीमती. जयमाला शिलेदार, तर्कतीर्थ श्री. लक्ष्मणशास्त्री जोशी, डॉ. प्रभा अत्रे, प्रा. वसंत बापट, श्री. वि. दा. करंदीकर, श्री. मंगेश पाडगावकर, श्री. सच्चिदानंद शेवडे, श्री. रामदास कामत, श्रीमती. आशा खाडिलकर, श्री. चारुदत्त आफळे, श्री. दिलीप प्रभावळकर, श्री. प्रशांत दामले, श्री. राहुल देशपांडे, श्री. कौशल इनामदार इत्यादी अनेक कलाकारांनी, व्याख्यात्यांनी आणि मान्यवरांनी आपल्या कलेचे सादरीकरण येथे केले
Gurugram, Haryana, 25th August 2025 – Square Yards, India’s largest integrated real estate and mortgage platform, has announced its financial results for Q1FY26, reporting a revenue of INR 378 crore and EBITDA of INR 4.4 crore on the back of INR 70 crore gross profit. With these results, the company saw first ever profitable Q1 on the back of doubling of Gross Margins (Y-Y) to 18% and revenue growth of 45%.
Key Q1FY26 Highlights:
· Square Yards reported a revenue of approximately INR 378 crore, marking a year-over-year growth of around 45% from INR 260 crore in Q1FY25.
· The company facilitated over 55,771 transactions and achieved a Gross Transaction Value (GTV) of INR 18,480 crore in Q1FY26.
· The Q1FY26 demonstrated the potential of operational leverage in the business, with gross profit margins reaching 18%
Tanuj Shori, Founder and CEO, Square Yards said, “We are delighted to deliver our strongest-ever first quarter performance, marking a historic milestone for Square Yards. With revenue growing 45% year-on-year and gross profit nearly tripling, this quarter reflects the strength of our operating model. Achieving profitability in Q1, which is traditionally our weakest season, underscores the resilience of our multi-vertical business and stronger unit economics. Since Q1 historically contributes only a small share of the year, this strong start reinforces our confidence in achieving our ambitious FY26 goals with sustained growth and profitability."
Particulars (in INR crore) | Q1 FY25 | Q1 FY26 | YoY Growth% | Q4 FY25 | QoQ Growth% | FY25 |
No. of Transactions | 37,403 | 55,771 | 49% | 55,813 | 0% | 1,86,108 |
Gross Transaction Value | 10,053 | 18,480 | 84% | 19,017 | -3% | 59,093 |
Revenue - Overall | 260 | 378 | 45% | 475 | -20% | 1,410 |
Revenue - India | 217 | 340 | 57% | 403 | -16% | 1,269 |
Gross Profit | 24 | 70 | 192% | 154 | -55% | 316 |
Gross Margin | 9% | 18% | 927 bps | 32% | -1801 bps | 22% |
Segmental EBITDA | -5.1 | 38.2 | 852% | 117.9 | -68% | 180.1 |
Segmental EBITDA Margin | -2% | 10% | 1209 bps | 23% | -1703 bps | 13% |
EBITDA | -33.7 | 4.4 | 113% | 76.5 | -94% | 45.8 |
EBITDA Margin | -13% | 1% | 1413 bps | 16% | -1545 bps | 3% |
In Q1 FY26, Gross Profit rose by 192% year-on-year, with the Gross Profit margin improving by more than 900 basis points to reach 18%. Overall EBITDA margin turned positive during the quarter, while segmental EBITDA margin stood at 10%. The improvement in profitability metrics was primarily driven by higher scale and gains in productivity, reflecting efficiency measures implemented over the past several quarters.
GTV expanded by 84% year-on-year, supported by robust performance in financial services. New orders grew by around 47% during the period. Revenue increased across all business segments except digital products. Real estate revenue rose 36% year-on-year, financial services surged 60%, and home renovations posted a 21% increase.
About Square Yards
Square Yards is India's largest Integrated real estate marketplace, with category leadership presence across multiple touchpoints of consumer home ownership journey. With Urbanisation and rising disposable incomes as the core theme, Square Yards, with 8mn+ monthly traffic and ~USD 7bn+ GTV, is the largest and asset light proxy play to the growing residential demand story of India. One of the few Indian start-ups to taste global success with presence in 100+ cities across 9 countries, Square Yards is at the forefront of tech adoption in the sector, with multiple patents across VR/AI domains.
Company Website: https://www.squareyards.co