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.

Commercial

Three tech majors to set up units on 120 acres, invest ₹4,000 crore off Yamuna expressway

NOIDA: Yamuna Expressway Industrial Development Authority (YEIDA) has issued letters of intent to three companies for setting up manufacturing units near the upcoming Noida International Airport, marking a combined investment of around Rs 4,000 crore. Two of these companies will be allotted land in the upcoming Electronics Manufacturing Cluster (EMC) 2.0 in Sector 10, which spans 206 acres. Ascent-K Circuit will receive 16 acres to manufacture high-end printed circuit boards (PCBs), including HDI, flex, multilayer types, and semiconductor substrates, while Aurionpro ToshiAutomatic Systems, which specialises in industrial automation and smart transit and mobility solutions, will be allotted five acres as…

Commercial

EFC (I)’s net profit grows 71.72% in Q4 FY25

NEW DELHI: EFC (I), a company offering managed office spaces, interior designing and furniture manufacturing, has reported a growth of 71.72 per cent in its net consolidated profit during the quarter ended March 31, 2025. Its profit after tax stood at ₹47.96 crore in Q4 FY25 as against ₹27.93 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company’s net consolidated total income stood at ₹216.39 crore in Q4 FY25, a growth of 118.33 per cent from ₹99.11 crore it recorded in the similar quarter last year. Umesh Sahay, chairman…

Commercial

Coimbatore corporation to evict over 10 commercial establishments along Sanganoor canal by this week

COIMBATORE: The Coimbatore Corporation plans to evict more than 10 commercial establishments encroaching on Dr Rajendraprasad Road along the Sanganoor canal in the city by this week. “The eviction was scheduled to take place on Tuesday. Owing to heavy rain, corporation workers have been deployed for rain-related duties. The encroachments will be removed by this week,” a senior officer from the corporation said. The second eviction notices were issued to the commercial establishments 10 days ago, he added. Meanwhile, the residential encroachments will not be evicted until they are provided with alternate houses under the slum clearance board, he said.…

Commercial

AU Small Finance Bank buys commercial tower in Mumbai’s Bandra for ₹371 crore

AU Small Finance Bank has acquired an entire commercial tower on western express highway in Mumbai’s Bandra locality for more than Rs 371 crore from realty developer Earth Worth Constructions making it the largest outright office deal by any financial institution this year. The Jaipur-headquartered bank has purchased the 11-storey property with two basements spread over 74,577 sq ft to set up its corporate office in Mumbai. The emerging private lender has paid stamp duty worth Rs 22.26 crore for the deal at the time of registration on Tuesday, showed the documents accessed by ET. The property was previously occupied…

Commercial

TCS leases over one million sq ft of office space in Hyderabad

Representative image In one of Hyderabad’s largest commercial real estate deals, Tata Consultancy Services (TCS) has leased more than one million square feet of office space in the city’s Financial District, signalling its continued expansion and long-term commitment to the region. The Grade-A property—jointly owned by Rajapushpa Asset Management LLP and Paradigm Corporation Pvt. Ltd.—has been leased for 15 years at an annual rent of Rs 52.44 crore, with a 12% escalation each year, according to a lease document accessed via Propstack. The lease spans all 19 floors of the building, from ground to the 18th floor, at a monthly…

Commercial

Amazon India entities lease over one lakh sq ft office space in Mumbai’s Vikhroli

Amazon India group entities have picked up over 1.14 lakh sq. ft. of office space in Mumbai’s central suburb Vikhroli through a long-term lease of five years across four agreements, with a combined starting monthly rent of over Rs 1.73 crore The license term for all agreements commences from January 1, 2025, with a 5% annual rent escalation. The lock-in period is set at 48 months for the licensees, and for the entire lease duration in the case of the licensor. The agreements were registered on April 30, showed the documents accessed through CRE Matrix. Among these, the largest lease…

Commercial

Retrofitting can unlock ₹1.2–1.6 lakh crore in asset value across Indian offices: CBRE

NEW DELHI: India’s ageing office stock presents a significant value creation opportunity, with strategic retrofitting capable of unlocking up to ₹1.2–1.6 lakh crore in capital value, according to a recent report by CBRE South Asia. The report estimates that such upgrades could drive 25–40% asset value enhancement in key commercial micro-markets. To realise this potential, the total investment required is estimated between ₹30,000–40,000 crore, depending on the scale and scope of enhancements. This includes structural upgrades, façade modernisation, HVAC optimisation, ESG compliance, and the addition of employee-centric amenities. The report adds that well-executed retrofits can offer a 3–5 year payback…

Commercial

Lens on commercial buildings in New Town, Kolkata

KOLKATA: With several buildings mushrooming in New Town for commercial use, the New Town Kolkata Development Authority (NKDA) has decided to conduct a thorough fire safety audit of all commercial buildings in the township. In the first phase, the authorities plan to scan 191 such commercial buildings. Officials said there are close to 1,200 buildings across New Town which are violating the commercial-use rule in some way or other. Since starting the inspection drive of rooftop and terrace-based restaurants, bars, and cafes in New Town, the authorities so far served notices to 10 rooftop restaurants to stop operations immediately. “NKDA…

Commercial

NCW Prime Offices Fund acquires Prius Platinum in Delhi

NEW DELHI: Prime Offices Fund (PRIME), a commercial real estate focussed fund managed by Nuvama and Cushman & Wakefield Management (NCW), a joint venture between Nuvama Asset Management and Cushman and Wakefield, has acquired Prius Platinum, a grade-A office space in Saket, Delhi. Spanning across 0.3 million sq ft, the property was acquired from a fund managed by Kotak Alternate Asset Managers led consortium through the IBC process in 2021. The property is 95% leased. It provides stable rental income with a weighted average lease expiry (WALE) of five years and in-place lock-in periods. Published On May 27, 2025 at…

Commercial

Liquidator puts Jet Airways’ office space in Mumbai’s BKC on the block

File Photo A government-appointed liquidator has put an entire office floor owned by defunct Jet Airways in commercial tower Godrej BKC in Mumbai’s business district Bandra-Kurla Complex (BKC) on the block. The liquidator has set a reserve price of Rs 335.24 crore for the property to be auctioned next month under the Insolvency & Bankruptcy Code, 2016. In 2020, as part of Jet Airways‘ insolvency proceedings, global alternative investment major Brookfield Asset Management had acquired the company’s two office floors in the building for Rs 490 crore. These offices are currently occupied by marquee tenants including World Bank and PayPal.…