Tag: embassy zenith

IndustryLatest Stories

Embassy REIT Q3 FY26 Net Operating Income Rises 19%

NEW DELHI: Embassy Office Parks REIT (Embassy REIT) reported a 19% year-on-year increase in net operating income (NOI), reaching ₹985 crore for the third quarter ending December 31, 2025. Operational revenue rose by 17% year-on-year to ₹1,193 crore. The board of directors for Embassy Office Parks Management Services (EOPMSPL), which manages Embassy REIT, has declared a distribution of ₹613 crore, equating to ₹6.47 per unit for the quarter. Additionally, the company raised ₹400 crore via a commercial paper at an effective interest rate of 6.44% per annum, successfully reducing its in-place cost of debt by 61 bps over the last…

CommercialLatest Stories

Apple Signs 10-Year Lease for 2.7 Lakh Sq Ft in Bengaluru

Certainly! Here’s a rewritten version of the content: NEW DELHI: Apple India has secured approximately 270,000 square feet of office space in Bangalore, committing to a 10-year lease with an initial monthly rent of Rs 6.3 crore, as reported by data analytics firm Propstack. As the leading exporter of mobile phones from India, Apple has exported iPhones valued at around Rs 1.5 lakh crore in the financial year 2024-25. The space, sourced from the Embassy Group, includes several floors and car parking facilities. According to Propstack, Apple is projected to spend over Rs 1,000 crore on rent, car park, and…