&w=3840&q=100)
Urban Vault to invest ₹100 crore in FY26 to expand co-working footprint
'Delhi NCR is one of the most important office markets in the country and plays a pivotal role in our national growth strategy,' said Amal Mishra, CEO of Urban Vault. 'We plan to invest over ₹100 crore in FY26 to fuel our expansion across key commercial hubs in India. We are witnessing strong demand across all our markets and expect to close FY26 with an annual run rate of over ₹250 crore.'
Premium centres launched in Gurgaon's business district
Urban Vault has unveiled two new premium centres on Gurgaon's Golf Course Road, further strengthening its presence in the business district. Located in Paras Twin Tower, Sector 54, the centres collectively add 35,000 square feet of Grade A workspace.
Pan-India presence expands across Bengaluru and Pune
Founded in 2018, Urban Vault currently operates a pan-India portfolio of over 2.5 million square feet, offering customised workspace solutions to businesses of all sizes. The company manages 40,000 seats and maintains a growing presence in cities such as Bengaluru, Pune and now Gurgaon.
To maintain its growth momentum, the firm has leased 50,000 square feet of premium office space in Bengaluru's Central Business District (CBD). The new facility spans three floors at Prestige Obelisk on Kasturba Road and will accommodate nearly 1,000 seats.
In April, Urban Vault expanded into Pune's flex space market by leasing a 35,000 square foot facility at Ambrosia Galaxy on Baner High Street. The new centre offers 700 seats, with per-seat pricing ranging from ₹6,500 to ₹8,000. Designed to serve enterprises, start-ups and SMEs, the space provides flexible and scalable workspace solutions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
25 minutes ago
- Mint
India, UK set wide-ranging strategic course with Vision 2035 roadmap
New Delhi: India and the UK have adopted a wide-ranging strategic roadmap, titled India-UK Vision 2035, laying the foundation for a deeper partnership across trade, technology, defence, climate and education over the next decade. The agreement was endorsed by Prime Minister Narendra Modi and his British counterpart Keir Starmer during their meeting in London on Thursday, the same day the two countries signed their long-awaited Free Trade Agreement (FTA). The Vision 2035 document reflects an effort by both governments to anchor the bilateral partnership in strategic outcomes, going beyond short-term commercial goals. The two countries, which elevated ties to a comprehensive strategic partnership in 2021, have agreed to push forward collaborations that will create jobs, boost innovation, enable climate action, and promote a fair, rules-based international order. Significantly, the vision document places the just-signed trade deal—formally known as the comprehensive economic and trade agreement (CETA)—at the heart of future growth plans. It commits both governments to ensure its implementation through dedicated mechanisms like joint economic and trade committee (JETCO) and advancing discussions on a bilateral investment treaty (BIT), as per the Vision 2035 document released by the UK government on Thursday. The document also outlines new joint frameworks to push cooperation in priority sectors, including clean energy, semiconductors, green finance, biotech, defence technologies, and life sciences. A key highlight is the technology security initiative, which will drive innovation in next-gen areas such as AI, telecom, critical minerals, quantum computing and advanced materials. In defence, the two sides have agreed on a 10-year industrial roadmap, and deeper collaboration in areas like jet engine technologies, maritime security, underwater systems and direct energy weapons. A joint mechanism will monitor its implementation. India-UK FTA: From whisky to British cars — here's what gets cheaper after trade dealIndia-UK FTA: From whisky to British cars — here's what gets cheaper after trade deal Notably, the roadmap emphasises joint research and manufacturing, echoing industry views that the FTA must enable India's defence industrial base rather than just expand market access. Climate and sustainability are another major plank. The countries have committed to mobilising green finance, expanding collaboration in offshore wind and nuclear technologies, and building joint supply chains in green goods. The two sides will work through platforms like the International Solar Alliance and the Coalition for Disaster Resilient Infrastructure. In education, the UK will encourage the setting up of campuses by leading universities in India, and vice versa. A joint Green Skills Partnership will promote climate-linked job creation and bridge skill gaps. The two sides also reaffirmed mutual recognition of qualifications and will deepen cooperation through an annual ministerial dialogue. The agreement comes amid shifting geopolitical alignments and a global reordering of supply chains. Officials said the roadmap reflects a maturing relationship that is increasingly driven by shared long-term interests. 'We are preparing our two countries for a BRISK partnership of Business, Research, Innovation, Science and Knowledge,' the document stated. While Vision 2035 is broad in scope, it includes concrete and time-bound commitments, with annual reviews by India's External Affairs Minister and the UK Foreign Secretary. This signals intent to turn vision into verifiable progress, at a time when both nations seek to amplify their global role and respond to overlapping challenges in trade, security and sustainability. 'The timing of the document—alongside the FTA—also indicates that India and the UK are betting on long-term alignment, even as short-term political and economic considerations remain in play,' said Dattesh Parulekar, assistant professor of International Relations at Goa University.
The Hindu
25 minutes ago
- The Hindu
India-U.K. trade deal: Agri exports to grow 20% in 3 years, other key sectors to benefit
The government expects the India-U.K. Comprehensive Economic and Trade Agreement (CETA) signed by the two countries on Thursday (July 24, 2025) to lead to substantial benefits for a variety of Indian export-oriented sectors such as agriculture, textiles, leather, chemicals, and engineering goods, according to officials aware of the calculations. Under the deal, the U.K. will benefit from a 12 percentage point average tariff reduction — from the current average of 15% to a new average of 3% — for items it exports to India. It will see a removal or reduction of tariffs on 90% of the tariff lines, covering 92% of the items currently exported from the U.K .to India. Among the items that will find cheaper access to the India market from the U.K. are whiskey, items related to aerospace, automobiles and electrical machinery. The economic and trade deal was signed in the UK by Union Commerce and Industry Minister Piyush Goyal and the U.K'.s Secretary of State for Business and Trade Jonathan Reynolds, in the presence of the Prime Ministers of both the countries. 'In agriculture, India exports $36.63 billion globally, while the UK imports $37.52 billion, but imports just $811 million from India, revealing room for growth in high-value agri products,' a government official said. 'Duty-free access is expected to increase agriculture exports by over 20% in the next three years.' India has not provided the U.K access to its most sensitive sectors such as dairy products, apples, oats, and edible oils. 'These exclusions reflect India's calibrated trade strategy—one that prioritises food security, domestic price stability, and vulnerable farming communities,' the official said. Competitive Edge Apart from this, the deal with the U.K. 'sharpens' India's competitive edge on a number of agricultural and food-related items, the official explained. For example, in the export of fresh grapes to the U.K., the deal provides India an advantage over Brazil and brings it at par with top exporters such as Egypt and South Africa. In processed food preparations, the deal helps India gain ground on the U.S., China, and Thailand. 'Notably, in the processed food sector, tariffs on 99.7% of lines have been slashed from as high as 70% to zero, offering a major boost for Indian exporters,' the official said. When it comes to baked items, India has become more competitive than the U.S., China, Thailand, and Vietnam. On fresh and chilled vegetables India now stands at an advantage over the U.S., Brazil, Thailand, and China. Similarly, the deal has granted India an advantage over the U.S., Japan, Thailand, China, and Malaysia in the export of sauces. 'Shrimp, tuna, fishmeal, and feed—currently taxed between 4.2-8.5%—will become completely duty-free, unlocking rapid export growth especially since there is huge potential as, despite strong demand in the UK market, India's current share in UK marine imports is only 2.25%,' the official said. In the textiles sector, the elimination of tariffs on textiles from the earlier average level of 12% will remove India's existing duty disadvantage versus competitors such as Bangladesh and Cambodia. 'The CETA is anticipated to trigger a dramatic 30-40% increase in India's chemical exports to the U.K., propelling figures to an estimated $650-750 million in one year since it comes into effect,' the official said. 'Leather exports are expected to increase their market share in the U.K .by 5 percentage points.' What the U.K. gets Under the agreement, India has agreed to remove or reduce tariffs on 90% of its tariff lines, which cover 92% of the U.K.'s exports to India. 'India has agreed to remove tariffs on 64% of tariff lines at entry into force,' the U.K. government said. 'After staging over 10 years, the agreement will mean 85% tariff lines will be eligible for tariff free entry into India.' According to a statement from the U.K. government, India's average tariffs on products from the UK will drop from 15% to 3% 'which means British companies selling products to India from soft drinks and cosmetics to cars and medical devices will find it easier to sell to the Indian market'. Among these tariff reductions is a reduction of import duties on whiskey from the U.K. — from 150% to 75% immediately and then gradually dropped over the next 10 years to 40%. Items related to aerospace imported from the U.K. will face nil tariffs, down from the existing 11%, automobile imports will face a tariff reduction of 100 percentage points — from up to 110% to 10% under a quota — and electrical machinery coming into India from the U.K. will see a tariff reduction to either 0% or 11%, depending on the product, from the existing maximum of 22%.
&w=3840&q=100)
First Post
25 minutes ago
- First Post
India-UK FTA unlocks $23 bn business potential, duty-free access to 99% of Indian exports: Piyush Goyal
India and the UK signed a landmark trade deal granting duty-free access to Indian sectors like textiles, leather, and chemicals. The pact unlocks $23B in export opportunities, boosts MSMEs, and eases market entry for Indian talent in the UK read more Britain's Secretary of State for Business and Trade, Jonathan Reynolds, right, and Piyush Goyal, Minister of Industry and Supply of India, shake hands after they signed a free trade agreement at Chequers near Aylesbury, England. AP The India-UK trade deal will allow duty-free access to the British market for several domestic sectors such as leather, electrical machinery, and chemicals, creating nearly $23 billion in opportunities, Commerce and Industry Minister Piyush Goyal said. The Comprehensive Economic and Trade Agreement (CETA), as it is officially known, was signed in London on Thursday by UK and Indian trade ministers, Jonathan Reynolds and Piyush Goyal, in the presence of Prime Minister Narendra Modi and his British counterpart, Keir Starmer. STORY CONTINUES BELOW THIS AD 'Duty-free access for about 99 per cent of Indian exports unlocks nearly USD 23 billion in opportunities for labour-intensive sectors, marking a new era for inclusive and gender-equitable growth,' Goyal said in a post on X. Artisans, weavers, and daily-wage workers engaged in various MSMEs in textiles, leather, footwear, gems and jewellery, toys, and marine items will enter a new period of prosperity, he stated. This trade agreement, according to Goyal, would secure duty-free exports of approximately 95% of agricultural items, while fishermen will benefit from zero duty on 99 percent of marine exports, raising their incomes. 'The deal will also have a transformative impact on manufacturing-intensive sectors like engineering goods, electronics, pharma, chemicals, food processing, and plastics. This agreement will also provide Indian consumers high quality goods at competitive prices,' he added. Goyal also said that India's talent in IT, services, and education will gain from easier access to the UK's high-value markets. 'The three-year exemption from social security contributions in the UK as part of the Double Contribution Convention is a significant breakthrough for Indian workers and their employers,' he said adding chefs, yoga instructors, musicians and business visitors will also be benefitted from the pact. STORY CONTINUES BELOW THIS AD India's exports to the UK rose by 12.6 per cent to $14.5 billion, while imports grew by 2.3 per cent to $8.6 billion in 2024-25. The bilateral trade between India and the UK increased to $21.34 billion in 2023-24 from $20.36 billion in 2022-23.
