Tag: Embassy Manyata Business Park

CommercialLatest Stories

Embassy Office Parks’ Q1 FY27 NOI Soars 17% to ₹1,020 Crore

NEW DELHI: Embassy Office Parks REIT announced a 17% year-over-year increase in net operating income (NOI), amounting to ₹1,020 crore for the quarter ending June 30, 2026. Net consolidated total income rose by 16.6% to ₹1,260 crore in Q1 FY27, compared to ₹1,080.81 crore during the same period last year. The REIT’s net consolidated profit after tax surged 25.8% to ₹195.21 crore from ₹155.16 crore in Q1 FY26. The board of directors of Embassy Office Parks Management Services, which manages Embassy REIT, has approved a distribution of ₹598.12 crore, translating to ₹6.31 per unit for the quarter. This distribution includes…

CommercialLatest Stories

Target Corp leases 830,000 sq ft office in Bengaluru for 10 years

US retail giant Target Corporation has secured over 8.3 lakh sq ft of office space at Embassy Manyata Business Park in Bengaluru through a long-term leasing agreement, which involves an estimated rental commitment of roughly Rs 1,250 crore. This move highlights the ongoing growth of global capability centers (GCCs) in India’s tech hub. Target Corporation India, the company’s local subsidiary, has leased space spanning the ground and 10 upper floors of a newly constructed commercial building at Embassy Manyata Business Park in Nagavara from Embassy Office Parks REIT. The lease began on September 1, 2025. The lease is a new…