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

WeWork Expands by 110K Sq Ft in Delhi; Nukleus Leases 75K in Noida

NEW DELHI: WeWork India Management has expanded its flexible workspace offerings in Delhi-NCR with the launch of a new center at Worldmark 6 in Aerocity, adding 110,000 sq ft to its capacity. The facility, situated on the third floor of the commercial complex, can accommodate over 1,400 desks. This expansion reinforces the company’s presence in key business districts. The company now operates in eight cities, totaling over 121,000 desks. In a related update, Nukleus Office Solutions announced it has signed letters of intent (LOIs) for leasing approximately 75,000 sq ft of office space at Okaya Centre, Sector 62, Noida, including…

CommercialLatest Stories

Mindspace REIT Secures ₹500 Crore with 10-Year NCDs at 7.63%

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has successfully raised ₹500 crore via a 10-year non-convertible debenture (NCD), according to a company announcement. The issuance was fully subscribed by a domestic life insurance company and features a fixed coupon of 7.63% per annum, with payments made quarterly. CRISIL and ICRA have rated the debentures as AAA/Stable. The funds raised will be allocated for refinancing existing debts, as the office REIT aims to extend its debt maturity profile and enhance the proportion of fixed-rate borrowings. Including this transaction, the company (along with its special purpose vehicles) has raised a total…

CommercialLatest Stories

Bagmane Prime Office REIT IPO 71% Subscribed on Day 1

NEW DELHI: The IPO of Bagmane Prime Office REIT, backed by Blackstone, saw a 71% subscription on its first day of bidding on Tuesday. According to NSE data, bids were received for 10,55,39,250 units against 14,79,21,000 units on offer. The subscription rate for the category of other investors was 74%, while institutional investors subscribed at 69%. Furthermore, Bagmane Prime Office REIT has raised approximately ₹1,150 crore from anchor investors. The ₹3,405-crore public issue will close on May 7. The price band for the Bengaluru-based real estate investment trust (REIT) is set between ₹95-100 per unit. The IPO includes a fresh…

CommercialLatest Stories

Bagmane Prime Office REIT secures ₹1,150 crore from anchors

NEW DELHI: Bagmane Prime Office REIT, backed by Blackstone, has raised approximately ₹1,150 crore from anchor investors as its Initial Public Offering (IPO) opens for subscription today, with a total issue size of ₹3,405 crore concluding on May 7. The anchor book attracted a diverse array of institutional investors, including NPS Trust (through SBI Pension Fund schemes for central and state governments), WhiteOak Capital funds, SBI Life Insurance, Quant Mutual Fund, UTI MF, Kotak MF, Nippon India MF, Edelweiss MF, and JM Financial MF, based on a circular posted on BSE’s website. Additionally, global and domestic investors such as Societe…

CommercialLatest Stories

Crisil Forecasts 16-18% Growth in Flexible Workspace by FY28

NEW DELHI: India’s flexible workspace sector is projected to see a capacity increase of 16-18% in FY27 and FY28, reaching 140-145 million sq ft, as reported by Crisil Ratings. This segment has experienced significant growth over the past three financial years (FY24-FY26), fueled by rising demand from small to mid-sized global capability centers (GCCs), domestic companies, and startups. The market share of flexible workspace operators in net absorption rose from 14-15% in FY24 to around 20% in FY26, with expectations to hit 25% in the next two fiscal years. The report estimates that operators will add 15-20 million sq ft…

CommercialLatest Stories

WeWork India Expands by 1.1 Lakh Sq Ft in Delhi’s Aerocity

NEW DELHI: WeWork India Management has expanded its flexible workspace offerings by adding 1.1 lakh sq ft in Delhi-NCR with a new center at Worldmark 6 in Aerocity. The facility, situated on the third floor of the commercial complex, offers seating for over 1,400 desks. This expansion reinforces the company’s growth in key business districts. Currently, WeWork operates in eight cities, providing a total of over 1.21 lakh desks. The expansion aligns with the ongoing growth in India’s flexible workspace sector. According to Crisil Ratings, the total capacity of this segment is projected to rise by 16-18% during FY27 and…

CommercialLatest Stories

Ludhiana Civic Body Plans to Sell Commercial Properties for Revenue

LUDHIANA: The cash-strapped civic body is now considering selling its commercial properties across the city to raise funds. According to sources, officials are currently determining the property values to prepare for an upcoming auction. These commercial properties have been identified, and there is optimism about finding buyers. “They have earmarked 65 shop-cum-offices for auction in Shaheed Bhagat Singh Nagar, situated opposite Keys Hotel. Some of these SCOs were previously auctioned, yielding significant revenue. Additionally, a commercial site of 268.44 square yards near Kailash Cinema Chowk, 10 shops in the Bearing Market near Jagraon Bridge, and a commercial property of 653…

CommercialLatest Stories

NCR Office Space Net Leasing Falls 60% to 1.5M Sq Ft: JLL

NEW DELHI: The office market in Delhi-NCR experienced a downturn in the first quarter of the year, with net workspace leasing plummeting by 60%, reaching 1.5 million square feet, primarily due to a decline in new supply, according to JLL India. Data from real estate consultant JLL India indicates that gross leasing of office spaces in Delhi-NCR fell 28% from 4.2 million sq ft in the same period last year to 3 million sq ft this year. Net leasing dropped 60% from 3.7 million sq ft to 1.5 million sq ft. Gross leasing includes all lease transactions during the period,…

CommercialLatest Stories

EFC (I) Plans ₹160 Crore Rights Issue at ₹150/Share

NEW DELHI: EFC (I), a managed workspace operator based in Pune, has received approval from its board to raise up to ₹159.94 crore through a rights issue of equity shares, as detailed in a regulatory filing. The board initially approved the rights issue on April 3, 2026, and has now approved the issuance of 1,06,62,786 fully paid-up equity shares at a price of ₹150 each, which includes a face value of ₹2 and a premium of ₹148. The rights entitlement ratio is set at 8:103, meaning eligible shareholders can claim eight rights equity shares for every 103 fully paid-up equity…

CommercialLatest Stories

Concorde leases 140K sq ft to BHIVE; TEC adds 90K sq ft in Mumbai, Pune

NEW DELHI: Concorde, based in Bengaluru, has entered a leasing agreement with BHIVE Workspaces for 1.4 lakh sq ft of grade-A office space at Concorde Econex, valued at an annual rental of ₹16 crore. The new facility, located in Doddanekkundi, Whitefield, consists of a ground floor and four upper levels. This long-term partnership features a 15-year lease, allowing BHIVE to accommodate over 3,000 workstations. In another announcement, The Executive Centre (TEC) has revealed the addition of approximately 90,000 sq ft of workspaces in Mumbai and Pune. In Mumbai, TEC is set to launch two new centers: one at One BKC,…