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

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…

CommercialLatest Stories

Mindspace REIT Q3 FY26 NOI Rises 28.7%

NEW DELHI: Mindspace Business Parks REIT has reported a 28.7% year-on-year increase in net operating income (NOI), reaching ₹6,714 million in Q3 FY26. The board of directors at K Raheja Corp Investment Managers, overseeing Mindspace REIT, announced a distribution of ₹3,780 million for Q3 FY26. The distribution per unit (DPU) is ₹5.83, reflecting a year-on-year growth of 9.6% and a 12.5% rise in DPU for the first nine months of FY26. Ramesh Nair, CEO and MD, stated, “We achieved gross leasing of 1.1 million sq ft, with committed occupancy increasing sequentially to 94.5%. This operational success has led to strong…

CommercialLatest Stories

WeWork India Reports ₹16.78 Crore Profit in Q3 FY26

NEW DELHI: WeWork India Management announced a net consolidated profit after tax of ₹16.78 crore for the quarter ending December 31, 2025. This marks a significant recovery from a loss of ₹83.11 crore during the same quarter last year, according to a filing with BSE. The company’s net consolidated total income reached ₹643.81 crore in Q3 FY26, reflecting a robust growth of 26.64% compared to ₹508.37 crore reported in the corresponding quarter last year. The company’s primary business, workspace as a service, accounted for 83.4% of its revenue, while managed offices contributed 21%, value-added services made up 13.5%, and digital…

CommercialLatest Stories

Gurugram: DTCP Issues Notice to Developer After License Lapse

GURUGRAM: The Directorate of Town and Country Planning (DTCP) has issued a regulatory notice to a developer for alleged non-compliance with regulations relating to a commercial colony project in Sector 65. The developer received licenses in 2011 and 2012 for a 3.2-acre project within the Badshapur revenue estate, part of the Gurgaon-Manesar Urban Complex. These licenses expired in January 2019 and February 2020. The developer did not apply for renewal in the specified timeframe, nor did they submit the required renewal fee and accompanying documentation. The department has pointed out the failure to transfer land designated for master plan roads…

CommercialLatest Stories

Morgan Stanley Leases Brookfield’s Ecoworld for ₹23 Crore

BENGALURU: Morgan Stanley Advantage Services has secured nearly 160,000 sq ft of Grade-A office space at Ecoworld business park in Bengaluru, committing to a five-year lease at an annual rental rate of around Rs 23 crore. The lease takes effect from January 10, with the office expected to be operational by May. The property is managed by Arliga Ecoworld Business Parks. This deal highlights Morgan Stanley’s ongoing expansion in India and the sustained demand from BFSI sector occupiers for premium spaces in Bangalore’s most prestigious office area along the Outer Ring Road. According to lease rental documentation from Propstack, “Morgan…

CommercialLatest Stories

Ludhiana Residents Oppose Commercial Rezoning Plans

LUDHIANA: Residents from some of the city’s top neighborhoods are alleging that local authorities are sidestepping democratic norms in an expedited effort to transform tranquil residential streets into commercial areas. The Ludhiana municipal corporation has completed the “regularization” of commercial activities along significant corridors such as Hambran Road and Malhar Road, and is finalizing the rezoning of BRS Nagar main road. While the intention is to enhance municipal revenue, homeowners have reacted strongly, claiming that the process was shrouded in “total secrecy” to benefit illegal businesses. Accusations of procedural neglect J S Gill, a BRS Nagar resident and former member…