Category: Commercial

Stay updated with the latest developments in commercial real estate. Our coverage includes market trends, leasing activity, office space demand, retail property updates, and major commercial deals. Whether you’re an investor, developer, or tenant, get expert insights and news on the evolving commercial property landscape.

CommercialLatest Stories

Thiruvananthapuram: New IT Spaces to Boost Technopark

Sure! Here’s a rewritten version of the content: Technopark THIRUVANANTHAPURAM: The city’s IT sector is on the brink of significant changes, with numerous projects underway in Technopark Phases I, III, and IV. Technopark is anticipated to create at least 50,000 jobs through these new IT spaces. CEO Sanjeev Nair emphasized that the developments across the three phases are set to transform the IT landscape in Thiruvananthapuram. “Our focus currently lies in maximizing the utilization of available land and completing ongoing infrastructure projects in Phases I, III, and IV. Once these are fully utilized, we will explore further expansion based on…

CommercialLatest Stories

GCCs to Lease 50-55 Million Sq Ft in FY26-FY27: ICRA

Representative image NEW DELHI: ICRA, a leading rating agency, anticipates that global capability centres (GCCs) will lease an additional 50-55 million square feet of Grade A office space during FY26-FY27, which could account for 38-40% of overall office demand in the top six markets: Bengaluru, Chennai, National Capital Region (NCR), Hyderabad, Mumbai Metropolitan Region (MMR), and Pune. Furthermore, ICRA predicts that the number of GCCs will increase from about 1,700 currently to over 2,500 by 2030, generating upwards of $100 billion in revenue and expanding workforce capacity by 1.5-2.0 times. The rapid growth of GCCs has become a significant growth…

CommercialLatest Stories

Awfis targets 30% growth in FY26, seeks 40% non-core revenue

NEW DELHI: Awfis Space Solutions is set for significant growth in FY26, targeting a 30% increase in revenue, with aims to surpass ₹1,600 crore. The company anticipates adding about 40,000 new coworking seats in approximately 70 centers across India, leveraging its strategy of establishing medium-sized centers averaging 30,000 sq ft each. Rent for their flagship offering ranges from ₹8,000 to ₹20,000 per seat per month, depending on the location and product tier. Awfis boasts an impressive EBITDA margin guidance of 14%, with a strong return on capital employed (RoCE) of around 67%. The company maintains a nearly net-cash position with…

CommercialLatest Stories

Marathon & Adani Realty Team Up for Mumbai Commercial Project

NEW DELHI: Marathon Nextgen Realty (MNRL) has partnered with Adani Realty to launch the Monte South Commercial project in Byculla, Mumbai, focusing on office and retail spaces. The development will cover approximately 1.2 million sq ft and is valued at an estimated ₹3,400 crore. Monte South Commercial is part of the expansive Monte South campus, which includes four residential towers soaring over 64 storeys, amounting to over 1.6 million sq ft of residential saleable area. Published On Oct 21, 2025 at 12:00 PM IST Join the community of 2M+ industry professionals. Subscribe to our Newsletter for the latest insights &…

CommercialLatest Stories

India’s Top Six Cities Absorb 57 Million Sq Ft: Report

Certainly! Here’s a rewritten version of the provided content: NEW DELHI: India’s office market experienced significant growth in 2025, achieving 56.8 million sq ft of gross absorption across its top six cities within the first nine months, as reported by Savills India. The impressive growth was primarily driven by Global Capability Centres (GCCs), which represented over 30% (5.9 million sq ft) of the total leasing activity. Other sectors such as IT-BPM, BFSI, and flexible workspaces also showed sustained demand. The report noted a 9.6% increase in new supply year-on-year, reaching 35.4 million sq ft, alongside a decrease in the overall…

CommercialLatest Stories

India office absorption reaches 59.6M sq ft in 9M 2025: Report

NEW DELHI: India’s office market achieved a record high in absorption during the first three quarters of 2025, with gross leasing reaching 59.6 million sq ft, marking the largest volume for this period, according to a recent report from CBRE South Asia. The report indicates that technology firms, Global Capability Centres (GCCs), flexible workspace providers, and BFSI companies were the primary occupiers, collectively accounting for around 60% of total leasing. “Looking ahead, continued leasing in premium assets is projected to compress vacancies, prompting occupiers to explore peripheral locations, driven by a surge in high-grade supply,” stated Anshuman Magazine, Chairman &…

CommercialLatest Stories

WeWork India addresses InGovern’s IPO compliance report

WeWork India Management has responded to governance concerns highlighted in a Governance Watch report from InGovern. Following this, InGovern issued an addendum that included the company’s clarifications. The clarifications cover various issues related to the company’s recent initial public offering (IPO), including its structure, financial eligibility, internal controls, and legal matters involving promoters. In response to concerns regarding the IPO being completely an Offer for Sale (OFS) without new capital, WeWork India emphasized its ability to generate enough free cash flow and EBITDA to support operations and growth. The company noted a promoter investment of Rs 5,012.81 million through a…

CommercialLatest Stories

India’s Office Space Hits 1 Billion Sq Ft in Q3 2025

NEW DELHI: The gross leasing activity in India’s office market reached 66.7 million sq ft in the first nine months of 2025, marking a 24% increase compared to the previous year, according to Knight Frank India, a real estate consultancy firm. In the third quarter of 2025 (July–September), total transactions across the top eight cities amounted to 17.8 million sq ft, reflecting a 6% year-on-year decline due to prior high performance. India achieves 1 billion sq ft office stock milestone New completions for Q3 stood at 12.4 million sq ft, falling short of demand and resulting in a decrease in…

CommercialLatest Stories

CapitaLand India to invest ₹1,300 crore for 2.6 million sq ft FY26

NEW DELHI: CapitaLand Investment India (CLI India) is refining its capital markets and portfolio strategy in India. In an exclusive conversation with ETRealty, CEO Sanjeev Dasgupta discusses the company’s exploration of InvIT structures for its logistics and data center platforms, while maintaining office assets within the Singapore-listed CapitaLand vehicle to streamline investor interests. Notably, he notes that with five REITs and around 50 InvITs in India, the market is expanding. However, he emphasizes that any new India REIT should ideally commence near the US$1 billion threshold and chart a distinct growth trajectory. Dasgupta points to robust demand trends for FY25,…

CommercialLatest Stories

Cochin Body Launches Land Pooling for Infopark Phase III

KOCHI: The Greater Cochin Development Authority (GCDA) launched a land pooling office for the Infopark Phase III campus on Friday, marking the commencement of the land pooling process. Industry Minister P Rajeeve inaugurated the office within the Infopark campus, which will oversee the pooling of approximately 500 acres in Kunnathunad for the planned AI-integrated township. “As GCDA advances with land acquisition, Infopark will focus on designing and developing the campus’s software,” revealed Infopark CEO Sushanth Kurunthil. “The main objective of this campus is to implement all essential services through artificial intelligence, relying on real-time data analysis,” he added. “Operations will…