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

Awfis Space Solutions’ FY26 Net Profit Rises 4.39% to ₹70.85 Cr

NEW DELHI: Awfis Space Solutions has announced a 4.39% increase in their net consolidated profit for the financial year 2025-26. The profit after tax reached ₹70.85 crore, compared to ₹67.87 crore in FY25, according to a BSE filing. The company’s net consolidated total income rose to ₹1,586.12 crore in FY26, reflecting a 25.81% increase from ₹1,260.74 crore in FY25. In Q4 FY26, the net consolidated total income saw a significant rise of 19.39%, amounting to ₹429.16 crore, up from ₹359.45 crore during the same quarter last year. Meanwhile, profit after tax surged by 106.95%, reaching ₹23.24 crore in Q4 FY26…

CommercialLatest Stories

Five REITs distribute ₹2,566 crore to unitholders in Q4 FY26

NEW DELHI: For the quarter ending March 31, 2026, India’s five publicly listed real estate investment trusts (REITs) have dispersed over ₹2,566 crore to more than 4.25 lakh unitholders, as reported by the Indian REITs Association. Throughout the entire financial year 2025-26, the total distributions by these five REITs surpassed ₹8,900 crore. The five listed REITs include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Knowledge Realty Trust, Mindspace Business Parks REIT, and Nexus Select Trust. As of Q4 FY26, the gross asset value in the Indian REIT market stood at over ₹2.72 lakh crore, while the total market…

CommercialLatest Stories

Knowledge Realty Trust to invest ₹700 crore in Bengaluru office space

NEW DELHI: Knowledge Realty Trust (KRT), a realty firm, plans to invest Rs 700 crore over the next three years to develop 1.4 million sq ft of office space in Bengaluru as part of its expansion strategy, according to a company executive. KRT is a real estate investment trust (REIT) backed by the Sattva Group and investment firm Blackstone. In an interview with PTI, KRT’s CEO, Shirish Godbole, stated that the company is actively pursuing the acquisition of prime office assets to drive organic growth. Godbole noted that KRT is performing well and expects to maintain its growth momentum in…

CommercialLatest Stories

ICICI Prudential AMC Acquires VIOS Tower in Mumbai for ₹525 Cr

Investment management firm ICICI Prudential Asset Management Company has acquired nine floors of the VIOS Tower, a commercial property, from global asset manager Varde Partners in Wadala, central Mumbai, for over ₹525 crore. The acquisition provides more than 3 lakh sq ft of office space through the ₹2,500-crore ICICI Prudential Office Yield Optimiser Fund II, dedicated to acquiring completed and pre-leased office properties in major Indian markets. The office space, spanning from the ground to the 8th floor, is fully leased to established companies and is anticipated to yield more than 8% annually, with lease agreements featuring a 5% rental…

CommercialLatest Stories

Mumbai: New Commercial Tower Proposed for Mulund Salt Pans

MUMBAI: Navbharat Mega Developers Private Limited has submitted a proposal for the transformation of the salt pans in Mulund, Bhandup, and Kanjurmarg to the Dharavi Redevelopment Authority. This company is the special purpose vehicle responsible for executing the Rs 20,000-crore Dharavi Redevelopment Project (DRP), with the Adani Group holding an 80 percent stake; the firm was previously known as Dharavi Redevelopment Project Private Limited. The proposal outlines the construction of one commercial building and 18 residential towers (all 180 metres high) on the Mulund salt pan, along with a yet-to-be-determined number of towers for Dharavi residents who qualify for rehabilitation.…

CommercialLatest Stories

Telangana CM Orders Officials to Create GCC Policy

File Photo HYDERABAD: On Wednesday, Telangana Chief Minister A. Revanth Reddy directed officials to develop a robust Global Capability Centres (GCC) policy aimed at encouraging companies to set up operations outside the Hyderabad Core Urban Regional Economy (CURE) area. As per the announcement, he urged governmental support for new GCCs to be established along highways in Nizamabad, Karimnagar, and Warangal, which are situated between CURE and beyond CURE areas. The Chief Minister, in collaboration with Minister D. Sridhar Babu, conducted a review meeting concerning various aspects of the IT and Industries departments. This meeting was attended by Chief Secretary K.…

CommercialLatest Stories

WeWork India Reports ₹52.89 Crore Net Profit in FY26

NEW DELHI: WeWork India Management has announced a net consolidated profit after tax of ₹52.89 crore for the financial year 2025-26. The company reported a net consolidated total income of ₹2,490.42 crore in FY26, as stated in a BSE filing. In Q4 FY26, the net consolidated total income was ₹715.35 crore, with a profit after tax amounting to ₹44 crore. WeWork India concluded FY26 with 8.6 million sq ft across 76 centers in 8 cities, and a total committed footprint of 11.6 million sq ft, reflecting a 39% year-on-year increase in signed leases and LOIs. Operational desk capacity reached 126,900…

CommercialLatest Stories

Indiqube Spaces Reports ₹106.34 Crore Net Loss in FY26

NEW DELHI: Indiqube Spaces reported a post-tax loss of ₹106.34 crore for the financial year 2025-26. According to a BSE filing, the company’s total income for FY26 was ₹1,527.51 crore. In the fourth quarter of FY26, the total income reached ₹425.71 crore, with a loss after tax of ₹22.65 crore. Co-founder Meghna Agarwal stated, “Our presence now spans 17 cities, encompassing 130 properties and over 9.66 million sq ft of office space. We added 28,000 seats throughout the year, maintaining a consistent occupancy rate of 88%.” The debt-to-equity ratio improved to 0.08 in FY26, down from 0.9 in FY25. The…

CommercialLatest Stories

India’s Office Boom Hides a Key Carbon Issue Beyond Buildings

Representative AI image NEW DELHI: The commercial office market in India is expanding at an unexpected rate, with leasing across six major cities surpassing 75 million square feet in 2025, a significant increase from 32 million square feet in 2020, representing a compounded annual growth rate of 19%. Yet, this rapid growth brings a hidden, pressing concern: the carbon footprint associated with outfitting and refurbishing these offices every five to seven years. A recent research report by Savills India indicates that interior fit-outs, often overlooked in discussions about green buildings, may equal or exceed the embodied carbon emissions of the…

CommercialLatest Stories

Intuit Signs ₹915 Crore Lease for 6.3 Lakh Sq Ft in Bengaluru

US-based financial software company Intuit has finalized a deal exceeding Rs 915 crore to lease over 630,000 sq ft of office space within a commercial tower in Bengaluru’s Embassy Tech Village. This transaction is among the largest focused on Global Capability Centres (GCC) in the city, underscoring the ongoing strength in India’s office leasing sector, particularly from GCC businesses expanding their engineering, AI, fintech, and product development teams. Intuit has secured approximately 631,978 sq ft across blocks 8A, 8B, and 8C in the tower from Vikas Telecom, a special purpose vehicle of Embassy Office Parks REIT, through a 10-year lease,…