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

DTCP Approved Sale & Lease Deeds for Gurugram Colony

GURUGRAM: The Department of Town and Country Planning (DTCP) has prohibited the registration of any sale, conveyance, or lease deeds associated with a commercial colony in Sector 53 due to violations of licensing conditions. This measure follows directives from the DTCP under Rule 18(2) of the Haryana Development and Regulation of Urban Areas Rules, 1976, concerning license number 13–19 of 2002. This license was issued on June 26, 2002, for the development of a commercial colony spanning 3.953 acres in Sector 53 of Gurgaon, in favor of Arenas Infotech Pvt. Ltd. and Senior Builders Pvt. Ltd., valid until June 25,…

CommercialLatest Stories

India to Host 2,400 GCCs by 2030, Market to Reach $110B

NEW DELHI: According to a joint report by FICCI and Anarock, India is expected to have over 2,400 Global Capability Centers (GCCs) by 2030, employing more than 2.8 million professionals. As of the end of 2024, there were already over 1,700 GCCs employing around 1.9 million professionals. The GCC market size is forecasted to grow from USD 64 billion in 2024 to between USD 105 billion and USD 110 billion by 2030. Anuj Puri, chairman of Anarock Group, stated, “India’s GCC landscape has rapidly expanded, with the market size increasing from USD 30 billion in 2019 to approximately USD 64…

CommercialLatest Stories

CapitaLand India Trust Secures ₹915 Cr from First Onshore Bond

NEW DELHI: CapitaLand India Trust (CLINT) has successfully raised ₹915 crore through its inaugural onshore bond issuance in India, as announced by CEO Gauri Shankar Nagabhushanam. This initiative aims to achieve a 3.8% increase in distribution per unit (DPU), which will help mitigate currency volatility and enhance tax efficiencies. Currently, only 16% of CLINT’s loan book is situated in India, with plans to expand this to 40-50%, equivalent to between S$800 million to S$1 billion, over the next two and a half to three years as existing offshore tenors mature. The company has signed a forward purchase agreement for a…

CommercialLatest Stories

Awfis Sees 42.72% Profit Surge in Q3 FY26

NEW DELHI: Awfis Space Solutions has announced a 42.72% increase in its net consolidated profit for the quarter ending December 31, 2025. The profit after tax reached ₹21.65 crore in Q3 FY26, compared to ₹15.17 crore during the same period last year, according to a BSE filing. The company’s net consolidated total income for Q3 FY26 was ₹410.95 crore, showing a growth of 23.98% from ₹331.46 crore in the corresponding quarter of the previous year. Amit Ramani, Chairman and Managing Director, stated, “In this quarter, we opened 10 new centers, increasing our total network to 257 centers with 177,000 seats…

CommercialLatest Stories

WeWork India Adds 3,300 Desks in Hyderabad with ₹100 Cr Investment

NEW DELHI: WeWork India Management has signed a lease agreement to enhance its footprint in Hyderabad, adding a total of 250,348 sq ft. This planned expansion aims to introduce approximately 3,300 desks, with operations anticipated to begin by June 2026. The initiative involves an estimated investment of ₹100 crore, which will be sourced from a mix of debt and internal funds, according to the company. The company currently runs 121,638 desks with an impressive overall utilization rate of 83.9%, highlighting robust occupancy levels in its portfolio. The firm reported a revenue of ₹640.3 crore for Q3 FY26, reflecting a 27%…

CommercialLatest Stories

Apple Expands Hyderabad Office to 6.3 Lakh Sq Ft at WaveRock

BENGALURU: Apple India has signed a new office lease for over 65,000 square feet at the WaveRock IT campus in Hyderabad’s Financial District. This brings its total area in the Xander-owned property to nearly 630,000 square feet, according to documents obtained by the publication. The recent lease covers 65,168 square feet and was finalized earlier this week between Apple India Private Limited and TSI Business Parks (Hyderabad) Private Limited, the landlord of WaveRock. This follows a previous lease of 64,125 square feet signed in July 2025, resulting in an overall expansion of approximately 130,000 square feet for Apple in 2025.…

CommercialLatest Stories

India’s REIT-Ready Office Stock Exceeds 415 Million Sq Ft

NEW DELHI: India’s commercial real estate sector is moving into a more institutional phase, as highlighted by the Economic Survey 2025-26. The report notes that over 415 million sq ft of office space in the top seven cities is now eligible for REITs, with the emergence of small and medium REITs (SM REITs) offering a regulated investment option for smaller real estate portfolios. The survey indicates that Bengaluru accounts for 32.6% of the total REIT-ready office stock, emphasizing the substantial number of income-generating commercial assets that remain outside of listed REIT platforms. Other significant contributors include Delhi-NCR, Mumbai, Chennai, Hyderabad,…

CommercialLatest Stories

Brookfield REIT’s Q3 FY26 NOI Rises 14%

NEW DELHI: Brookfield India Real Estate Trust (Brookfield REIT) has announced a year-on-year increase of 14% in its net operating income (NOI), reaching ₹5,404 million for the third quarter and nine months ending December 31, 2025, up from ₹4,745 million in Q3 FY25. The company declared distributions of ₹5.40 per unit, totaling ₹4 billion for Q3 FY26, marking a 10% year-on-year growth. Income from operating lease rentals also rose by 13% year-on-year, increasing to ₹5,003 million from ₹4,426 million in Q3 FY25. Additionally, same-store NOI showed a rise of 9% year-on-year. “We achieved strong leasing results with a quarterly gross…

CommercialLatest Stories

CorpEdge teams with Braymont for ₹225 crore GCC growth

Dubai-based CorporatEdge has announced an investment of Rs 225 crore to expand its network into Global Capacity Centres (GCCs). The company specializes in high-quality serviced office solutions. They have entered a joint venture with Braymont Holding, aiming for expansion across the GCC in the next two to three years. Situated in Emaar Square, Downtown Dubai, their first UAE Offitel covers 36,000 sq. ft. and provides 95 fully serviced premium suites. The facility includes private offices, large team suites for up to 100 people, custom-built enterprise solutions, boardrooms, meeting rooms, and various hospitality services, all designed with wellness in mind. The…

CommercialLatest Stories

HERE Solutions Leases 210,000 Sq Ft in Airoli, Navi Mumbai

Representative Image HERE Technologies’ India division has secured over 2.1 lakh sq ft of office space in Mindspace Airoli West (Gigaplex) through a long-term lease exceeding 10 years. The lease agreement was made with Gigaplex Estate Pvt Ltd, the owner of the Mindspace Airoli West (Gigaplex) complex. The office space spans three floors (4th, 8th, and 9th) and commenced on December 20. The total leased carpet area is 145,983 sq ft, while the chargeable area amounts to 208,547 sq ft. Monthly rent is set at Rs 71 per sq ft on the chargeable area, according to realty data analytics platform…