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

Table Space adds 5 lakh sq ft in Hyderabad; TEC expands 4.65 lakh sq ft in South India

Sure! Here’s a rewritten version of the content: NEW DELHI: Table Space, a flexible workspace provider, has significantly expanded its Hyderabad presence with an addition of over five lakh sq ft of managed office space in HITEC City and Kokapet. The company has secured a lease for four lakh sq ft at Grava Business Park to offer managed workspaces and ready-to-occupy suites. Additionally, they have leased 50,000 sq ft at K. Raheja Mindspace IT Park, conveniently located near the Raidurg Metro Station, and 48,000 sq ft at Aparna Technopolis near the HITEC City Metro Station. In other news, The Executive…

CommercialLatest Stories

NABARD Acquires Mumbai Commercial Complex Leasehold for ₹351 Cr

Representative AI image NEW DELHI: NABARD, the premier rural development financial body, has acquired leasehold rights for a commercial complex at BKC, Mumbai for ₹351 crore, as reported by CRE Matrix. According to real estate analytics firm CRE Matrix, the National Bank for Agriculture and Rural Development (NABARD) secured these rights from MTNL for ₹350.72 crore. The registration deed was finalized in May 2026, incurring a stamp duty exceeding ₹21 crore, as confirmed by CRE Matrix after reviewing the documentation. The original lease of 80 years was issued by the Mumbai Metropolitan Region Development Authority (MMRDA) to MTNL, starting from…

CommercialLatest Stories

BuzzWorks Opens 16,000 Sq Ft Office in Mysuru

NEW DELHI: BuzzWorks, the managed office and co-working division of Brigade Group, has officially launched a new 16,000 sq. ft. center on Vinoba Road in Mysuru. The facility can accommodate over 500 workstations and is situated within the Brigade Vantage commercial complex, which spans 1.3 lakh sq ft. Plans are in place to further expand the center by an additional 16,000 sq ft in the near future. Siddharth Verma, the business head, remarked, “This launch is a part of our broader multi-city expansion strategy that we intend to execute during this financial year.” In addition, BuzzWorks is set to expand…

CommercialLatest Stories

Grade-A Office Absorption Up 5% to 13.5M Sq Ft in Q1 2026

NEW DELHI: In Q1 2026, net absorption of grade-A office space in India’s top seven cities reached 13.5 million sq ft, reflecting a 5% increase from 12.9 million sq ft in the same period last year, as reported by Anarock Research & Advisory. Bengaluru led the way with a remarkable net absorption of 4.77 million sq ft, a 67% rise compared to 2.85 million sq ft in Q1 2025. Hyderabad followed closely with 2.95 million sq ft, marking a 64% year-on-year increase, while Chennai saw an absorption of 1.05 million sq ft, a 50% uplift. Kolkata also experienced growth, recording…

CommercialLatest Stories

Uber secures 900,000 sq ft Hyderabad office in 10-year lease

Ride-hailing company Uber has secured over 9 lakh sq ft of office space across 10 floors in Hyderabad’s commercial corridor, committing approximately Rs 839 crore in a long-term lease that spans 10 years. This transaction is among the largest office leasing agreements in India, highlighting the ongoing growth of global capability centers (GCCs) and technology firms in Hyderabad’s real estate market. Uber India Systems has leased around 901,115 sq ft of chargeable office area occupying floors 11 to 20 in Tower 1 of Meenakshi Eco Park, a commercial project by Meenakshi Infrastructures. The lease officially began on January 9, 2026.…

CommercialLatest Stories

Bagmane Prime Office REIT Debuts at 3.5% Premium

NEW DELHI: Bagmane Prime Office REIT, backed by Blackstone, made a strong debut on the stock market on Thursday, listing with a premium of 3.5% over its issue price. On the NSE, the unit debuted at ₹103.50, marking a 3.5% increase from the issue price of ₹100, before settling at ₹103.10. On the BSE, the unit opened at ₹103.40, up by 3.4% from the issue price. The company’s market capitalization reached ₹35,071 crore on the NSE. Bagmane Prime Office REIT’s ₹3,405-crore initial public offering (IPO) was oversubscribed 23.71 times by the end of bidding on May 7, reflecting robust investor…

CommercialLatest Stories

Knowledge Realty Trust’s NOI Soars 18% in FY26

NEW DELHI: Knowledge Realty Trust reported an 18% increase in its net operating income (NOI) to ₹4,048.4 crore, resulting in an NOI margin of 88%. The board of directors of Knowledge Realty Office Management Services, the managing entity of Knowledge Realty Trust, has approved a distribution of ₹7,165.99 million/₹1.616 per unit for the quarter ending March 31, 2026. This distribution includes ₹4,350.15 million/₹0.981 per unit as dividends, ₹917.92 million/₹0.207 per unit as interest (minus applicable taxes), ₹1,889.05 million/₹0.426 per unit for debt repayment, and ₹8.87 million/₹0.002 per unit. The net asset value (NAV) of the trust was declared at ₹123.61…

CommercialLatest Stories

Knowledge Realty Trust Secures ₹500 Crore via Commercial Papers

NEW DELHI: Knowledge Realty Trust has successfully raised ₹500 crore through the issuance of commercial papers, as reported in a BSE filing. The borrowing committee of Knowledge Realty Office Management Services, which manages Knowledge Realty Trust, has approved the placement of 10,000 listed, rated, redeemable, and rupee-denominated commercial papers. The papers have a face value of ₹5 lakh each and were issued for a total principal amount of ₹500 crore. The issued commercial papers are set for a duration of 91 days starting from May 12, 2026, and have been offered in dematerialized form on a private placement basis, issued…

CommercialLatest Stories

Brookfield India REIT’s NOI Soars 23.8% in FY26

NEW DELHI: Brookfield India Real Estate Trust (Brookfield India REIT) reported a 53% year-on-year increase in net operating income, reaching ₹742.9 crore in Q4 FY26. For the financial year 2025-26, the income grew by 23.8% year-on-year to ₹2,291.3 crore. The board of directors of Brookprop Management Services, the manager of Brookfield India REIT, announced a distribution of ₹4,564.35 million (₹5.50 per unit) for the quarter ending March 31, 2026. This includes ₹1,327.81 million (₹1.60 per unit) as interest on shareholder loans, CCDs, and NCDs; ₹2,456.45 million (₹2.96 per unit) for the repayment of SPV debt and NCDs; ₹730.30 million (₹0.88…