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

Kolhapur to Build 5 Commercial Complexes via PPP

KOLHAPUR: The Kolhapur Municipal Corporation (KMC) is exploring options to establish five to six large commercial complexes through a public-private partnership (PPP). KMC chief Rajendra Bharud has tasked all four divisional offices to pinpoint strategic locations for these commercial spaces, aiming to generate revenue through rentals. Priority sites include the city’s Shingoshi Market, Kombdi Bazaar, Chhatrapati Tararani Market Divisional Office, Central bus stand, Water Park-Bawda, and the rickshaw stands in the Central bus stand area. On Monday evening, Bharud convened a meeting with officials, instructing deputy city engineers from each divisional office to identify key areas in their jurisdictions and…

CommercialLatest Stories

Trichy to Establish New Industrial Park in Thiruverumbur

sipcot TRICHY: The official notification has been issued for Trichy’s second industrial park in Thiruverumbur, following the establishment of the Manapparai industrial park. The State Industries Promotion Corporation of Tamil Nadu (Sipcot) is actively promoting this initiative to attract potential investors. This industrial estate will be a dedicated land parcel allocated to a single investor within the engineering sector. The industrial park, strategically located near the Olympic training academy on the Trichy semi-ring road, spans 148.9 acres across the Elandapatti and Suriyur villages. While boundary walls have not yet been constructed, the land has been officially designated with entrance signage…

CommercialLatest Stories

Mangaluru IT Park tender sees no bids, deadline extended

MANGALURU: The proposed ₹135 crore IT Park in Mangaluru has encountered further challenges, as it remains unable to attract bidders, prompting the government to extend the tender deadline from May 29 to June 19. Sources from the Karnataka State Electronics Development Corporation Limited (Keonics) indicate that there may be further extensions, as there are currently no prospective bidders for the project. During the second round of bidding, Keonics and Credai Mangaluru noted that three interested stakeholders initially engaged but ultimately withdrew, citing several constraints within the tender conditions. This second bidding opportunity was reopened after the first round saw no…

CommercialLatest Stories

Wadhwa Group Leases 33,000 sq ft Office in Mumbai for ₹44 Crore

NEW DELHI: The Wadhwa Group has leased approximately 33,000 square feet of office space to the global investment research firm Morningstar at its commercial project in Mumbai, totaling a rental agreement of Rs 44 crore over a nine-year period. Based in Mumbai, Wadhwa Group specializes in residential, commercial, and township projects, having completed over 220 projects across the Mumbai Metropolitan Region (MMR), featuring a total area of 45 million sq ft. Morningstar has also leased an additional 32,551 sq ft at Wadhwa Group’s Vishwaroop IT Park (VITP) project in Vashi, Mumbai. A spokesperson for the company opted not to comment.…

CommercialLatest Stories

TCS Renews Chennai Office Lease: 1.5M Sq Ft for ₹1,420 Crore

MUMBAI: Tata Consultancy Services (TCS) has renewed its lease for nearly 1.5 million sq ft of office space in Chennai, with a total rental commitment of approximately Rs 1,420 crore over a decade. This move underscores the company’s long-term dedication to one of its key operational hubs. This lease renewal stands out as one of the largest reported in India, especially amid rising concerns about artificial intelligence’s effects on employment in the tech sector. Many global and Indian IT firms have reported productivity improvements due to AI-driven automation, sparking discussions about potential workforce reductions and decreased hiring. The lease pertains…

CommercialLatest Stories

Smartworks Leases 400+ Seats to Japanese NBFC in Mumbai

NEW DELHI: Smartworks Coworking Spaces has secured a lease for over 400 seats with a Japanese NBFC subsidiary in Mumbai. The five-year deal is projected to yield rental revenue of ₹35 crore. Neetish Sarda, the founder and managing director, stated, “Large teams necessitate a specific set of workplace needs – they require a space that operates seamlessly, maintains consistency across touchpoints, and is scalable as the organization expands.” Clients occupying 300 or more seats represent 69% of the company’s rental income, with an average tenure of 47 months for this group. Approximately 90% of the firm’s revenue is derived from…

CommercialLatest Stories

Incuspaze Purchases iKeva

NEW DELHI: Incuspaze, a provider of managed workspaces, has completed a 100% acquisition of iKeva, a workspace operator with locations in Hyderabad and Bengaluru. This strategic move is expected to contribute approximately ₹100 crore to the company’s revenue. iKeva operates 18 centers, totaling five lakh square feet across Hyderabad and Bengaluru. Incuspaze plans to expand its office space by an additional five lakh square feet by FY27. The company aims for a revenue target of ₹1,000 crore by FY28–29 and is set to prepare for an IPO within the next 24 to 36 months. Published On Jun 8, 2026 at…

CommercialLatest Stories

MCD to Seal Unauthorised Commercial Buildings in South Delhi

NEW DELHI: The Municipal Corporation of Delhi (MCD) will begin sealing unauthorized commercial buildings in the South Zone starting Thursday, following a tragic fire that claimed the lives of 21 individuals, including 11 foreigners, at the Flourish Stay bed-and-breakfast hotel in Malviya Nagar on Wednesday. According to officials, the devastating fire occurred in a Lal Dora village area, involving a building first constructed in the 1980s and then rebuilt in 2012-13. The hotel primarily served patients visiting a nearby hospital. Officials indicated that of the 35 injured, 19 remain in critical condition across various hospitals in Delhi. They noted that…

CommercialLatest Stories

Disney India Leases 175,000 Sq Ft Office in Bengaluru

Representative AI Image MUMBAI: Disney (India) has secured approximately 1.75 lakh sq ft of office space in Bengaluru’s Bellandur area via a long-term lease, highlighting the ongoing demand for premium office spaces from multinational companies in India’s largest office market. With the agreed rental rates and a 15% escalation after three years, Disney’s total rental obligation over the five-year lease term is projected to be around Rs 127.84 crore, effective from February 1. The company has leased 1,74,959 sq ft across the sixth and seventh floors of RMZ Ecoworld Series 20, owned by Vismaya Infrastructure. The monthly rental is set…

CommercialLatest Stories

Maharashtra Govt buys Air India Mumbai building for ₹1,601 Cr

File Photo MUMBAI: On Tuesday, the Maharashtra government officially acquired the renowned Air India building, a standout feature of Mumbai’s skyline, for Rs 1,601 crore. The agreement transfer between Air India Assets Holding Company and the state Public Works Department (PWD) was finalized in the presence of Chief Minister Devendra Fadnavis, following a cabinet meeting at ‘Mantralaya’, the state secretariat. Attendees included Deputy Chief Minister Sunetra Pawar, Tourism Minister Shambhuraj Desai, Public Works Minister Shivendrasinhraje Bhosale, Chief Secretary Rajesh Agrawal, Additional Chief Secretary (PWD) Milind Mhaiskar, Mumbai City Collector Anchal Goyal, and Air India officials. Built in 1974, the iconic…