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

Chronos Properties extends ₹148 crore bank guarantee for IL&FS office

NEW DELHI: Brookfield-backed Chronos Properties has successfully renewed a ₹148 crore bank guarantee, keeping its bid alive for the prime Bandra Kurla Complex property of Infrastructure Leasing and Financial Services (IL&FS). In an affidavit submitted to the National Company Law Appellate Tribunal (NCLAT), Chronos announced that on December 19, 2025, it provided three demand drafts totaling ₹148 crore to the registrar at the Mumbai bench of the National Company Law Tribunal. Previously, on December 5, NCLAT instructed Chronos Properties to renew its bank guarantee within a month to remain eligible as a bidder for the IL&FS Financial Centre at BKC,…

CommercialLatest Stories

ASF Insignia secures ₹1,250 crore from Alpha Alternatives

NEW DELHI: ASF Insignia has secured an equity and quasi-equity investment commitment of around ₹1,250 crore from Alpha Alternatives, based in Mumbai. This investment will be utilized for an integrated commercial IT office project covering approximately 4.5 million sq ft, located in Vatsal Valley, Gurugram. The funds will be released in phases, with the first tranche of about ₹450 crore already received. The capital will be directed towards enhancing the capital structure of ASF entities through debt reduction and property refinements. Published On Jan 22, 2026 at 08:27 PM IST Join the community of over 2 million industry professionals. Subscribe…

CommercialLatest Stories

Labdhi Lifestyle to Invest ₹700 Crore in BKC Commercial Project

NEW DELHI: Labdhi Lifestyle is set to invest ₹700 crore in the development of BKC Edge, a commercial project located at H-Block in Bandra Kurla Complex (BKC), Mumbai. The total gross development value (GDV) is projected to exceed ₹1,000 crore, providing a carpet area of 2.25 lakh sq ft. Occupying 1.25 acres, the development will feature over 300 business suites. According to a CBRE report, in the October–December quarter, Mumbai made up approximately 22% of the total 22.2 million sq ft of office space leased across India. The report suggests that Mumbai is likely to remain a key office market…

CommercialLatest Stories

Logitech India Leases BKC Office for ₹4 Crore

NEW DELHI: Logitech Electronics India has signed a lease for a commercial office space in Bandra Kurla Complex (BKC), Mumbai, with total rental costs amounting to approximately ₹4 crore over a five-year span, as reported by Volney. The company has leased Unit No. 407 on the fourth floor of the Trade Centre, a commercial building in BKC, covering an area of around 2,010 sq ft. The lease agreement features a five-year lock-in period with an annual rental increase of 5%. ETRealty has contacted Logitech Electronics India and will provide updates based on their responses. The Trade Centre is a Grade…

CommercialLatest Stories

Thiruvananthapuram: QUAD Project Construction Starts in Technopark IV

THIRUVANANTHAPURAM: The construction of the QUAD project—an integrated IT township in Technopark Phase-IV (Technocity)—has officially begun. The initial phase includes the development of an 800,000 sq ft IT building, managed directly by Technopark and constructed by Consolidated Construction Consortium Ltd (CCCL). Slated for completion in 36 months, it is projected to create around 26,000 direct jobs in its first phase, solidifying the city’s status as an IT hub in southern India. A senior official from Technopark stated, “This construction launch at the QUAD site marks a pivotal moment for Technocity. The project embodies our long-term vision to create a live-work-play…

CommercialLatest Stories

India Accelerator and IREP to invest ₹100 crore in NCR workspaces

Representative Image NEW DELHI: International Real Estate Partners (IREP) has joined forces with India Accelerator to unveil a managed office workspace platform dubbed IREPworkspaces, backed by a ₹100 crore investment over the next 18 months. The initiative is set to establish a presence of nearly nine lakh sq ft across prominent commercial hubs in the National Capital Region (NCR). The initial phase will involve launching 12–15 managed workspace centers in NCR, aiming to create approximately 15,000 seats. The expansion will concentrate on micro-markets such as Golf Course Extension Road, Udyog Vihar, and the Noida Expressway. The company has already secured…

CommercialLatest Stories

GCCs to Drive 45% of Office Space Absorption in 2025

NEW DELHI: In 2025, Global Capability Centres (GCCs) became the primary demand driver in India’s office sector, representing 45% of total leasing, up from 41% the previous year, as per a report by Vestian. Office spaces occupied by GCCs increased to 34.9 million sq ft in 2025, reflecting a 20% year-on-year growth. This surge was fueled by robust demand from GCCs, bolstered by favorable policy conditions in India and tightened work visa regulations in key international markets. Consequently, overall office absorption in India reached a record 78.2 million sq ft, an 11% increase compared to 2024, despite global economic and…

CommercialLatest Stories

Hidco to Auction Two Commercial Plots in New Town, Kolkata

Representative image KOLKATA: Hidco is set to conduct an e-auction for two commercial plots in the CBD area of New Town—one spanning 10 acres and the other 3.9 acres—on a freehold basis, scheduled for next month. The starting bid for the 3.9-acre plot is set at Rs 138.9 crore, while the 10-acre plot has a starting bid of Rs 353.3 crore. Authorities are currently inviting bids from qualified corporate entities. Officials have stated that changes in the intended use of the plots will not be permitted, and construction must commence within one year of land possession. Published On Jan 19,…

CommercialLatest Stories

Smartworks Coworking Reports ₹1.24 Crore Profit in Q3 FY26

NEW DELHI: Smartworks Coworking Spaces Ltd has declared a consolidated net profit of ₹1.24 crore for Q3 of this fiscal year, driven by increased revenue. The company, which went public last year, reported a net loss of ₹16 crore during the same period last year. For the October-December period of the 2025-26 fiscal year, total income surged by 34% to ₹488.14 crore, compared to ₹363.62 crore in the corresponding quarter of the previous year, as stated in a regulatory filing on Thursday. Over the first nine months this fiscal year, net losses decreased to ₹6 crore, down from ₹54.87 crore…

CommercialLatest Stories

Ludhiana Seals Six Commercial Buildings

LUDHIANA: On Thursday, the Municipal Corporation (MC) intensified its efforts against illegal constructions by sealing six commercial buildings throughout the city. This action was executed by the building branch under the guidance of MC Commissioner Aaditya Dachalwal. Officials reported that two of the sealed structures were on Barewal Road, two on 200 Feet Road, and one each on Magnet Resort Road and Ferozepur Road. Assistant Town Planner Harvinder Singh Honey stated that these measures followed the owners’ failure to settle outstanding dues, including Change of Land Use (CLU) charges. He advised residents to obtain approved building plans from the municipal…