Prime Office Rents

Rentomojo files draft papers with Sebi for IPO; plans Rs 150-cr fresh issue

Rentomojo Ltd, an online rental and subscription platform for home furniture and appliances, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 150 crore and an offer-for-sale (OFS) of up to 2,83,99,567 equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Friday. The company proposes to utilise the proceeds from the fresh issue towards payment of debt, lease rentals or licence fees for its warehouses and experience stores, and for general corporate purposes. Founded by Geetansh Bamania, the company operates a technology-driven, full-stack direct-to-consumer (D2C) platform offering rental and subscription services for furniture and home appliances across India. Rentomojo is the largest player in the organised online rental segment for furniture and appliances, with an estimated market sh

Where Office rents are rising fastest: Delhi sees 16% jump, Mumbai tops

Data from IIM Bangalore-CRE Matrix shows India's office rentals rising 3.8% year-on-year, with demand from financial and tech hubs fueling steady growth across top cities.

Office rent rises by 9% in Hyderabad, drops in Delhi-NCR in July-Sep: JLL

Office rentals in Hyderabad rose to Rs 56.20 per sq ft from Rs 51.50, while in Pune rents increased to Rs 68.17 from Rs 64.81. The city has seen 4 million sq ft leasing of Grade A space

Bengaluru CBD 5th fastest growing Asian office market in Q2; full list here

Indian office rents remained stable in Q2 as the market saw an influx of new supply in the first half (H1) of 2019, with 23 million sq. ft being added during the period

Renting an office in Mumbai costs more than one in London, Dubai: Knight Frank

Bengaluru's Whitefield, Gurgaon's Cyber City were among the most affordable ones