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

Gurugram: DTCP Issues Notice to Developer After License Lapse

GURUGRAM: The Directorate of Town and Country Planning (DTCP) has issued a regulatory notice to a developer for alleged non-compliance with regulations relating to a commercial colony project in Sector 65. The developer received licenses in 2011 and 2012 for a 3.2-acre project within the Badshapur revenue estate, part of the Gurgaon-Manesar Urban Complex. These licenses expired in January 2019 and February 2020. The developer did not apply for renewal in the specified timeframe, nor did they submit the required renewal fee and accompanying documentation. The department has pointed out the failure to transfer land designated for master plan roads…

CommercialLatest Stories

Morgan Stanley Leases Brookfield’s Ecoworld for ₹23 Crore

BENGALURU: Morgan Stanley Advantage Services has secured nearly 160,000 sq ft of Grade-A office space at Ecoworld business park in Bengaluru, committing to a five-year lease at an annual rental rate of around Rs 23 crore. The lease takes effect from January 10, with the office expected to be operational by May. The property is managed by Arliga Ecoworld Business Parks. This deal highlights Morgan Stanley’s ongoing expansion in India and the sustained demand from BFSI sector occupiers for premium spaces in Bangalore’s most prestigious office area along the Outer Ring Road. According to lease rental documentation from Propstack, “Morgan…

CommercialLatest Stories

Ludhiana Residents Oppose Commercial Rezoning Plans

LUDHIANA: Residents from some of the city’s top neighborhoods are alleging that local authorities are sidestepping democratic norms in an expedited effort to transform tranquil residential streets into commercial areas. The Ludhiana municipal corporation has completed the “regularization” of commercial activities along significant corridors such as Hambran Road and Malhar Road, and is finalizing the rezoning of BRS Nagar main road. While the intention is to enhance municipal revenue, homeowners have reacted strongly, claiming that the process was shrouded in “total secrecy” to benefit illegal businesses. Accusations of procedural neglect J S Gill, a BRS Nagar resident and former member…

CommercialLatest Stories

Chronos Properties extends ₹148 crore bank guarantee for IL&FS office

NEW DELHI: Brookfield-backed Chronos Properties has successfully renewed a ₹148 crore bank guarantee, keeping its bid alive for the prime Bandra Kurla Complex property of Infrastructure Leasing and Financial Services (IL&FS). In an affidavit submitted to the National Company Law Appellate Tribunal (NCLAT), Chronos announced that on December 19, 2025, it provided three demand drafts totaling ₹148 crore to the registrar at the Mumbai bench of the National Company Law Tribunal. Previously, on December 5, NCLAT instructed Chronos Properties to renew its bank guarantee within a month to remain eligible as a bidder for the IL&FS Financial Centre at BKC,…

CommercialLatest Stories

ASF Insignia secures ₹1,250 crore from Alpha Alternatives

NEW DELHI: ASF Insignia has secured an equity and quasi-equity investment commitment of around ₹1,250 crore from Alpha Alternatives, based in Mumbai. This investment will be utilized for an integrated commercial IT office project covering approximately 4.5 million sq ft, located in Vatsal Valley, Gurugram. The funds will be released in phases, with the first tranche of about ₹450 crore already received. The capital will be directed towards enhancing the capital structure of ASF entities through debt reduction and property refinements. Published On Jan 22, 2026 at 08:27 PM IST Join the community of over 2 million industry professionals. Subscribe…

CommercialLatest Stories

Labdhi Lifestyle to Invest ₹700 Crore in BKC Commercial Project

NEW DELHI: Labdhi Lifestyle is set to invest ₹700 crore in the development of BKC Edge, a commercial project located at H-Block in Bandra Kurla Complex (BKC), Mumbai. The total gross development value (GDV) is projected to exceed ₹1,000 crore, providing a carpet area of 2.25 lakh sq ft. Occupying 1.25 acres, the development will feature over 300 business suites. According to a CBRE report, in the October–December quarter, Mumbai made up approximately 22% of the total 22.2 million sq ft of office space leased across India. The report suggests that Mumbai is likely to remain a key office market…

CommercialLatest Stories

Logitech India Leases BKC Office for ₹4 Crore

NEW DELHI: Logitech Electronics India has signed a lease for a commercial office space in Bandra Kurla Complex (BKC), Mumbai, with total rental costs amounting to approximately ₹4 crore over a five-year span, as reported by Volney. The company has leased Unit No. 407 on the fourth floor of the Trade Centre, a commercial building in BKC, covering an area of around 2,010 sq ft. The lease agreement features a five-year lock-in period with an annual rental increase of 5%. ETRealty has contacted Logitech Electronics India and will provide updates based on their responses. The Trade Centre is a Grade…

CommercialLatest Stories

Thiruvananthapuram: QUAD Project Construction Starts in Technopark IV

THIRUVANANTHAPURAM: The construction of the QUAD project—an integrated IT township in Technopark Phase-IV (Technocity)—has officially begun. The initial phase includes the development of an 800,000 sq ft IT building, managed directly by Technopark and constructed by Consolidated Construction Consortium Ltd (CCCL). Slated for completion in 36 months, it is projected to create around 26,000 direct jobs in its first phase, solidifying the city’s status as an IT hub in southern India. A senior official from Technopark stated, “This construction launch at the QUAD site marks a pivotal moment for Technocity. The project embodies our long-term vision to create a live-work-play…

CommercialLatest Stories

India Accelerator and IREP to invest ₹100 crore in NCR workspaces

Representative Image NEW DELHI: International Real Estate Partners (IREP) has joined forces with India Accelerator to unveil a managed office workspace platform dubbed IREPworkspaces, backed by a ₹100 crore investment over the next 18 months. The initiative is set to establish a presence of nearly nine lakh sq ft across prominent commercial hubs in the National Capital Region (NCR). The initial phase will involve launching 12–15 managed workspace centers in NCR, aiming to create approximately 15,000 seats. The expansion will concentrate on micro-markets such as Golf Course Extension Road, Udyog Vihar, and the Noida Expressway. The company has already secured…

CommercialLatest Stories

GCCs to Drive 45% of Office Space Absorption in 2025

NEW DELHI: In 2025, Global Capability Centres (GCCs) became the primary demand driver in India’s office sector, representing 45% of total leasing, up from 41% the previous year, as per a report by Vestian. Office spaces occupied by GCCs increased to 34.9 million sq ft in 2025, reflecting a 20% year-on-year growth. This surge was fueled by robust demand from GCCs, bolstered by favorable policy conditions in India and tightened work visa regulations in key international markets. Consequently, overall office absorption in India reached a record 78.2 million sq ft, an 11% increase compared to 2024, despite global economic and…