Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, retail hubs, and recreational facilities. The park hosts some of the world’s leading companies and continues to set the standard for integrated workspaces in India. Further enhancing its appeal, the upcoming 518-key dual-branded Hilton Hotels will provide unparalleled convenience and hospitality to over 50,000 park users.

Colliers, a global professional services company that specializes in commercial real estate facilitated the transaction for Rubrik.

Marcus Joseph, Director of Global Workplace Solutions (APJ), Rubrik, said, “This new workspace is a significant step forward in Rubrik’s journey to scale our operations and strengthen our presence in India. The new facility is our commitment to creating an environment where innovation thrives, collaboration is seamless, and employees feel empowered to deliver their best work. India’s exceptional talent pool continues to play a pivotal role in our global strategy, and this new facility underscores our dedication to unlocking their potential and fostering a culture of innovation that shapes the future of cybersecurity.”

Ritwik Bhattacharjee, Interim Chief Executive Officer of Embassy REIT, said, “We are delighted to strengthen our partnership with Rubrik as they expand their footprint at Embassy TechVillage. Embassy TechVillage embodies our commitment to creating world-class business ecosystems that inspire innovation and enable our occupiers to thrive. We wish Rubrik the very best and look forward to a successful collaboration.”

Arpit Mehrotra, Managing Director, Office Services, Colliers India, said, “This landmark transaction once again showcases Colliers’ ability to deliver bespoke solutions that perfectly align with the client’s vision. The software giant was looking to acquire an office campus that was conveniently located, easily accessible, and equipped with world-class amenities. I am proud of our exceptional team, who ensured every detail was meticulously handled. The real estate industry in India is poised for unprecedented growth, and we are pleased to contribute to its dynamic evolution. It was an honor to work with the teams at Rubrik & Embassy REIT and I thank them for their support and trust in our capabilities.”

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MUMBAI: Kia India, one of the fastest-growing premium carmakers in the country, has today announced the launch of a new flexible ownership plan ‘Kia Subscribe’. The company has also signed an MoU with ALD Automotive Pvt Ltd to expand its flexible ownership programs. This collaboration will expand Kia’s Leasing & Subscription services to 14 major cities across India, namely Delhi, Noida, Ghaziabad, Faridabad, Gurgaon, Mumbai, Pune, Ahmedabad, Indore, Bangalore, Chennai, Hyderabad, Kolkata and Jaipur.  

Following the success of the Kia Lease program, which has long tenure plans, the company has introduced ‘Kia Subscribe’ a short-term lease option, ideal for salaried and self-employed individuals, seeking flexibility in vehicle usage without long-term commitment with tenure ranging from 12 to 36 months.

The flexible ownership program, Kia Lease was introduced 3 months back.  ‘Kia Lease’ is tailored for B2B clients, corporates & MSMEs with prolonged mobility requirements spanning 24 to 60 months with different mileage options.

Hardeep Singh Brar, Sr. Vice-President, Sales & Marketing at Kia India, said, “The 1^st phase of our flexible ownership program ‘Kia Lease’ has received an overwhelming response from the customers, as it is designed to meet evolving needs and revolutionize the car ownership experience in India. With the growth prospects of the leasing business from 1% to 3% shortly, we want to be the driving force behind it and deliver the best ownership experience to our customers. With Kia Subscribe we have ensured that we make hassle-free premium mobility solutions accessible to all”.

Earlier this year, Kia partnered with ORIX Auto Infrastructure Services Limited to launch the Kia Lease program. Initially rolled out in major cities such as Delhi-NCR, Mumbai, Hyderabad, Chennai, Bengaluru, and Pune, these initiatives were designed for greater flexibility. They allow customers to acquire vehicles without any down payment, along with added benefits like maintenance coverage, insurance handling, and relief from resale concerns, making vehicle ownership easier and more convenient.

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MUMBAI: Kia, India’s leading premium carmaker, introduces a lease program for its flagship product, EV6. The move came after the tremendous success the company received for its lease program within just 2 months of its launch. The special lease rental for EV6 stands at INR 1.29 Lakhs per month and includes Insurance, Maintenance, Pick-up and Drop, Scheduled/unscheduled services, and 24X7 RSA.

The EV6 lease program has been exclusively extended to:

• Doctors – Registered with IMA or State association and Head of any registered Medical Institution or Hospital or Clinic.
• Chartered Accountants: Registered with ICAI, Heads of any CA firm / ICAI members
• Other self-employed professionals
• Select corporates

The EV6, combines a sleek and modern design with impressive performance, making it an ultimate choice for these aspirational professionals. The vehicle offers a remarkable range of up to 708 km and supports fast charging from 0 – 80% in just 18 minutes using a 350kW charger, putting a full stop to range anxiety. It also boasts sporty performance, accelerating from 0 to 100 km/h in just 5.2 seconds. EV6 is also one of the safest vehicles present in India with 8 airbags, an ADAS level 2 suite, and other active and passive safety features like ESC, blind spot monitoring, rear cross-traffic alert, and a 360-degree camera system, to name a few.

Mr. Myung-Sik Sohn, Chief Sales Officer, Kia India, said, “Within 2 months of its launch, the Kia Lease program has gained significant traction in Metro and Tier I cities, and the addition of the EV6 underscores our commitment to meeting customer demands and provide them the best of technology along with sustainable mobility solutions. The positive response reaffirms our confidence in the future of the Kia Lease program as we strive to make our vehicles more accessible to a wider range of customers”.

Kia India, in partnership with ORIX Auto Infrastructure Services Limited, launched the Kia Lease program to provide customers with a new ownership experience. The program caters to those with extended mobility needs, offering lease terms from 24 to 60 months with various mileage options. Besides EV6, the program offers minimum monthly rental plans for Sonet, Seltos, and Carens at INR 17,999, 23,999, and 24,999 respectively.

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The collaboration between Prachay Capital and Knest comes as a boon to the real estate sector, particularly in Pune, where capital-intensive projects often face challenges in securing timely funding. Aluform, a cutting-edge technology essential for high-rise buildings and expansive projects, previously sourced mainly from Korean companies, has seen a notable shift towards Indian suppliers in recent years. Knest, led by Mr. Nitin Mittal, has emerged as a key player in this domain, capturing a significant market share.

Recognizing the critical role of Aluform in project economics and the absence of dedicated financing options, Prachay Capital has introduced two innovative products – Equipment Lease Finance (ELF) and Equipment Purchase Finance (EPF). These solutions alleviate cash flow constraints for developers by offering flexible payment schedules, thus enabling smoother project execution.

The unveiling of these ground-breaking products took place at YouthCon, Delhi in March 2024, garnering enthusiastic responses from industry leaders and developers nationwide. The initiative has been lauded for its forward-looking approach, marking a departure from traditional lending practices in the real estate sector.

The partnership between Knest and Prachay Capital signifies a win-win scenario for both manufacturers and developers. Knest can now provide its customers with exclusive payment facilities, while developers benefit from more manageable payment terms, reducing financial strain during project initiation.

Girish Lakhotiya, CEO of Prachay Capital, commented, “We are excited to pioneer innovative financing solutions tailored to the evolving needs of the real estate sector. Our collaboration with Knest underscores our commitment to driving positive change and facilitating growth in the industry.“

With a track record of developing avant-garde financial products, Prachay Capital is poised to reshape the dynamics of real estate financing. As new-age NBFCs continue to innovate, the banking industry can expect a paradigm shift in its approach towards supporting the burgeoning real estate market.

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PUNE: JLL, the leading real estate consultancy firm in the country, announced that Springer Nature Group has leased office space at Gera Commerzone, a business park in Kharadi, Pune. JLL acted as the exclusive partner in this marquee transaction.

The impressive 1.1 lac sq. ft. office space will span across two floors of the massive 7,00,000 sq. ft. building, and Springer Nature has the option to take up an additional 56,000 sq. ft. for further expansion. The total transaction size of 1.1 lac sq. ft. is valued at approximately USD 17 million, for a period of 10 years. The transaction was initiated post-COVID when Springer Nature recognized the need for a futuristic workspace that prioritizes the well-being of its employees and facilitates a safe return to the office.

Sanjay Bajaj, Managing Director, Pune, JLL said, “Kharadi is now a preferred location for corporate occupiers owing to the excellent social infrastructure, top-notch schools, hospitals, and residential communities, coupled with excellent connectivity and proximity to the airport. The tenant profile is remarkable featuring a diverse range of large multinational corporations from the BFSI, IT/ITeS, e-commerce, and engineering sectors, among others. Office space supply in the micro market is set to reach 25 million sq. ft. in 3 to 4 years with GIC, captives, and shared services being the key growth drivers. These compelling factors were instrumental in Springer Nature’s decision to choose Kharadi as its destination of choice. The company recognized that this new address possesses all the attributes necessary to attract and retain talented employees, making it one of the most dynamic employment submarkets in the city.“

Matthias Wissel, CEO, of Springer Nature Technology and Publishing Solutions said, “The decision to relocate to Kharadi was a strategic move for us, as we were seeking an office space that would align with our vision, values, and hybrid ways of working. We were impressed by Kharadi’s unparalleled ecosystem, which offers access to world-class infrastructure and a highly skilled workforce. After conducting a thorough evaluation of multiple office parks, we chose Gera Commerzone due to its exclusive location, state-of-the-art facilities, and prestigious neighbors. Moreover, being a part of this vibrant community is a matter of great pride for us, and we look forward to the exciting opportunities that lie ahead. With access to a diverse talent pool, excellent connectivity, and a thriving business environment, we are confident that our operations in Kharadi will be phenomenally successful. We are excited to begin this new chapter in our journey and continue to grow our business in India.”

Vinod Rohira, CEO of Mindspace Business Park REIT said, “Our campus at Kharadi is a testament to our commitment to building a world-class environment that prioritizes sustainability, safety, and health. Our efforts to minimize our carbon footprint and curate sustainable spaces that benefit the community and ecology at large are evident in the design of our campus. We are thrilled to welcome Springer Nature to our campus as it reaffirms our commitment to delivering the best work ecosystems. We are confident that Springer Nature will appreciate the exceptional work environment at Gera Commerzone, Kharadi, and we look forward to providing them with a comfortable and productive workspace.”

Springer Nature is a global scientific research publishing company with 10,000 employees and over 200 offices in 50+ countries. This modern office in Pune will feature a biophilic design to promote sustainability and align with the company’s DEI goals. It will also have linear and agile workstations that prioritize employee comfort and large collaboration areas that encourage teamwork. The new space is a strategic move that will support the company’s continued growth in the region. Moreover, the transaction marks a significant development in the commercial real estate market in Pune, with positive implications for the city’s economy.

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