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

Embassy Office Parks’ Q1 FY27 NOI Soars 17% to ₹1,020 Crore

NEW DELHI: Embassy Office Parks REIT announced a 17% year-over-year increase in net operating income (NOI), amounting to ₹1,020 crore for the quarter ending June 30, 2026. Net consolidated total income rose by 16.6% to ₹1,260 crore in Q1 FY27, compared to ₹1,080.81 crore during the same period last year. The REIT’s net consolidated profit after tax surged 25.8% to ₹195.21 crore from ₹155.16 crore in Q1 FY26. The board of directors of Embassy Office Parks Management Services, which manages Embassy REIT, has approved a distribution of ₹598.12 crore, translating to ₹6.31 per unit for the quarter. This distribution includes…

CommercialLatest Stories

Office Leasing Up 7% to 41.6M sq ft in H1 2026: Report

NEW DELHI: Office space absorption in India’s six major cities reached 41.6 million sq ft in the first half of 2026, showing a 7% increase compared to the previous year, as reported by Savills India. The report specifies that these leasing figures pertain only to new transactions, excluding pre-commitments and renewals. The first half of 2026 saw new office supply at 23.7 million sq ft, marking a 5% year-on-year decline. As of Q2 2026, India’s total Grade-A office stock stood at 872.7 million sq ft, with overall vacancy rates declining from 14.7% to 13.2% compared to the same period last…

CommercialLatest Stories

EFC (I) Q1 FY27 Net Profit Soars 52% to ₹70.85 Crore

NEW DELHI: EFC (I) has announced a 51.8% rise in its net consolidated profit after tax, reaching ₹70.85 crore for the quarter ending June 30, 2026. This is in comparison to a net profit of ₹46.67 crore for the same quarter last fiscal year. The company’s net consolidated total income also saw a significant increase of 31.8%, climbing to ₹294.29 crore in Q1 FY27 from ₹223.25 crore in Q1 FY26. The board of directors has approved a scheme for the demerger of EFC’s wholly-owned subsidiary, which focuses on asset-light managed office solutions, into EFC (I). This subsidiary operates through leased…

CommercialLatest Stories

Lloyds Realty Leases 182K Sq Ft Mumbai Office to Smartworks

Representative AI image NEW DELHI: Lloyds Realty Developers has entered into a 15-year lease agreement with Smartworks Coworking Spaces for its commercial property, The Square, located in Andheri East, Mumbai. This lease encompasses the full 1,82,300 sq ft of the building, achieving 100% occupancy for the asset. The deal is expected to generate rental income exceeding ₹600 crore throughout the lease period. The Square, designed by Panthaki Architects, features three basement levels, a ground floor, and nine office floors. It also includes a cafe space on the ground floor, a landscaped terrace garden, and mechanized shuttle parking. Published on Jul…

CommercialLatest Stories

Knowledge Realty Trust’s Q1 FY27 NOI Up 15% to ₹1,111.7 Crore

NEW DELHI: Knowledge Realty Trust reported a 15% year-on-year revenue increase to ₹1,243.10 crore for the quarter ending June 30, 2026. Its net operating income also rose by 15%, reaching ₹1,111.70 crore. The total net consolidated income amounted to ₹1,268.14 crore for Q1 FY27, with a net consolidated profit after tax of ₹250.79 crore. The board of directors at Knowledge Realty Office Management Services, responsible for managing Knowledge Realty Trust, has approved a distribution of ₹751.63 crore, translating to ₹1.695 per unit for the quarter. This distribution includes ₹408.85 crore (₹0.922 per unit) as dividends, ₹123.28 crore (₹0.278 per unit)…

CommercialLatest Stories

Jaipur body identifies 6,000 illegal commercial units on homes

Representative AI image JAIPUR: The Jaipur Development Authority (JDA) plans to present an audit to the Supreme Court that identifies over 6,000 commercial establishments allegedly violating land-use regulations by operating from residential plots, as per the court’s directives aimed at curbing unauthorized commercial activities. According to JDA enforcement wing DIG Anand Sharma, the audit has been finalized, detailing the violations and actions taken thus far. “We will send this report to the Supreme Court. We will continue to take further action against these violations following the court’s instructions at the next hearing,” Sharma informed TOI. “The audit documented data starting…

CommercialLatest Stories

Telangana Eases Rules for High-Rise Projects in Jubilee Hills

Sure! Here’s a rewritten version of the content: — Representative AI image HYDERABAD: The state government has approved a special relaxation for the construction of a commercial high-rise building on three adjacent plots in Jubilee Hills. This approval allows for increased height and other concessions under specific conditions. A Government Order (GO) issued by the metropolitan area and urban development department on Monday confirmed the request from CG Murali Mohan and others for the development of the commercial property on Road No. 10. The decision came after a thorough review of the applicants’ submission, a factual report from the Greater…

CommercialLatest Stories

Large Office Deals Make Up 59% of H1 2026 Leasing: Report

Representative AI image NEW DELHI: In H1 2026, large office transactions (1 lakh sq ft and above) amounted to 28.2 million sq ft across India’s eight major cities, as reported by Knight Frank India. These sizable deals constituted 59% of a total leasing volume of 48 million sq ft during the same period. Bengaluru led the way with 10.1 million sq ft in large office deals, representing 72% of the city’s total leasing activity. Hyderabad and NCR followed closely, each recording 4.9 million sq ft in large office leases, accounting for 65% and 68% of their respective total leasing volumes.…

CommercialLatest Stories

GCCs to Lease 35-40M Sq Ft Office Space Annually: Report

NEW DELHI: According to a report by Colliers India, global capability centres (GCCs) are projected to lease approximately 35-40 million sq ft of Grade-A office space annually over the next two years. The report indicates that GCCs are expected to represent 45-50% of India’s office space demand in 2026 and 2027. From 2021 onward, GCCs have leased around 118 million sq ft of Grade-A office space across the top seven cities, accounting for 37% of the overall office demand. In H1 2026 alone, GCCs leased 16.6 million sq ft, which comprised 46% of the total uptake of Grade-A office space.…

CommercialLatest Stories

Knowledge Realty Trust Sees 16% Revenue Growth, 18% EBITDA Rise

NEW DELHI: Knowledge Realty Trust reports over 16% revenue growth, with EBITDA and net operating income up by 18% since its IPO, according to CEO Shirish Godbole. In a conversation with Ankit Sharma, Godbole highlighted the company’s robust performance in the nine months following its IPO, indicating strong potential for continued growth through enhanced occupancy, rental adjustments, ongoing construction, and acquisitions. With current occupancy around 92%, the company aims to reach 95-96%. It has 2.6 million sq ft under development—1.2 million sq ft anticipated for completion this year, with an additional 1.4 million sq ft ongoing. An asset in Hyderabad,…