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

Executive Centre India Gets SEBI Nod for ₹2,600-Crore IPO

NEW DELHI: Executive Centre India has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The IPO will feature a fresh equity share issuance with a face value of ₹2 each, totaling up to ₹2,600 crore. As outlined in the draft red herring prospectus (DRHP), the net proceeds are intended primarily for investments in TEC Abu Dhabi, a direct subsidiary, and to fund part of the acquisition costs for TEC Singapore and TEC Dubai. These two entities are currently step-down subsidiaries of TEC Singapore, a corporate promoter of the company, and…

CommercialLatest Stories

BA Continuum India signs ₹236-crore lease for Powai office

Bank of America’s captive services division, BA Continuum India, has secured over 1.11 lakh sq ft of office space in the commercial tower of Chalet Hotels located in Mumbai’s Powai area through a long-term lease extending nearly 11 years, with a total rental commitment exceeding Rs 236 crore. The lease, which spans two floors of the tower, includes a stepped escalation clause that stipulates a rent increase of 15% on October 1, 2027, and subsequently every three years. According to the lease terms, BA Continuum will start with a monthly rent of Rs 1.43 crore, approximately Rs 129 per sq…

CommercialLatest Stories

Tushar Infra and Pantheon Sell Mumbai Property for ₹559.25 Cr

Representative image NEW DELHI: Tushar Infra Developers, helmed by Tusshar Kapoor, in partnership with Pantheon Buildcon, led by Jitendra Kapoor, has successfully sold a commercial property in Chandivali, Mumbai, for ₹559.25 crore. This property, located in Balaji IT Park (DC-10 Building), boasts a built-up area of approximately 30,195 sq. m. (around 3,25,016 sq. ft.), as indicated by property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) website. The transaction was officially recorded in January 2026. Additionally, there was a previous transaction at Balaji IT Park, which took place in May 2025, totalling ₹855 crore. Published…

CommercialLatest Stories

Honeywell Leases 400,000 Sq Ft at Ecoworld, Bengaluru

Representative image BENGALURU: Honeywell, a US-based technology giant, has signed a lease for 399,220 square feet of office space at Ecoworld in Bellandur through its Indian subsidiary, Honeywell Technology Solutions Lab, as reported by Propstack. This agreement is among the largest single-tenant leases in the tech corridor of Bengaluru. The office, located in Block 5A of Ecoworld, is owned by Arliga Ecoworld Business Parks. The lease, beginning on January 1, 2026, spans a duration of 84 months (7 years). According to the registration document, “The leased space covers multiple levels, from the ground to the second floor, and also the…

CommercialLatest Stories

JP Morgan Leases 2.71 Lakh Sq Ft Office in Mumbai for ₹9 Cr/Month

NEW DELHI: JP Morgan has leased 272,000 sq ft of office space in Mumbai from Cowrks at a starting monthly rental of ₹9.23 crore, as reported by CRE Matrix. Real estate analytics firm CRE Matrix obtained the lease agreement from the Maharashtra government. The global financial services firm, JP Morgan Services India Pvt Ltd, has leased 271,955 sq ft at the One Downtown Central (Crisil House) Building in Powai, Mumbai. The lease agreement, finalized in December, involves Cowrks India Pvt Ltd, JP Morgan Services India Pvt Ltd, and Kairos Properties Pvt Ltd, according to CRE Matrix. Kairos Properties owns the…

CommercialLatest Stories

Indore: IT Park 3 & 4 Office Space Sales Launching This Year

INDORE: The sale of office spaces in the upcoming IT Park-3 and IT Park-4 in Indore is set to commence in 2026. This initiative is part of the Madhya Pradesh Industrial Development Corporation’s (MPIDC) effort to enhance technology infrastructure, catering to the rising demands from IT and service sectors. IT Park-3, with an investment of approximately Rs 530 crore, will cover nearly 11 lakh sq ft. It is designed as a plug-and-play facility with high-speed digital connectivity and a walk-to-work model, targeting industries in fintech, artificial intelligence, data analytics, and IT-enabled services. MPIDC’s Indore region executive director, Himanshu Prajapati, stated…

CommercialLatest Stories

Jaipur Seals Three Buildings for Illegal Construction

JAIPUR: In its ongoing efforts to combat illegal construction and unauthorized commercial operations, the Jaipur Municipal Corporation (JMC) conducted a sealing operation in Ramganj Bazaar and Johari Bazaar on Friday. The JMC sealed House No 1980 on Thakur Pachewar ka Rasta in Johari Bazaar due to unauthorized construction and misuse of the property. Similarly, illegal construction and unauthorized commercial activities were identified at Shop No 79 and Shop No 80 in Ramganj Bazaar, resulting in their sealing. Vijendra Kumar stated that notices had previously been issued to the property owners and shopkeepers, but they did not comply within the given…

CommercialLatest Stories

UP Announces Subsidy Guidelines to Attract GCCs

LUCKNOW: The Yogi Adityanath government aims to position Uttar Pradesh as a prime destination for Global Capability Centres (GCCs) by announcing comprehensive standard operating procedures (SOPs). These SOPs, recently approved by the state cabinet, outline regional incentives to promote balanced industrial growth across the state. Under this initiative, GCCs establishing operations in Gautam Budh Nagar and Ghaziabad can benefit from a 30% land subsidy on purchases from government agencies. In other parts of Paschimanchal (excluding the aforementioned areas) and the Madhyanchal region, a 40% subsidy is available. To encourage investment in less developed regions, the state offers subsidies of up…

CommercialLatest Stories

CapitaLand sells Gurugram office for ₹2,050 crore to EAAA

Representative Image Singapore-based CapitaLand has sold a 1.9 million sq ft commercial property located in Gurugram to EAAA Alternatives for ₹2,050 crore. This move is part of CapitaLand’s strategy to generate capital through significant asset divestments and to enhance its portfolio. According to a source familiar with the matter, “CapitaLand’s strategic exits reflect the changing demand dynamics in India’s office market, where hybrid work trends and selective tenant preferences are redefining valuations and capital movements.” The property, known as International Tech Park in Gurugram, is home to prominent tenants such as Optum, Stryker, and Zomato. This year, CapitaLand India Trust…

CommercialLatest Stories

Windsor Realty buys four Santacruz office units for ₹283 crore

MUMBAI: Windsor Realty, a real estate developer, has acquired office spaces totaling 42,340 sq ft in a commercial tower in Santacruz, Mumbai, near the Bandra-Kurla Complex, for Rs 283 crore. This acquisition is part of a strategy to consolidate ownership of the asset. The transaction included the purchase of commercial units from corporate entities, notably Prism Johnson Ltd, and from the developer’s business partner. This move centralizes ownership, enhancing property management and control. Documents from the realty data platform Propstack indicate that Prism Johnson sold a significant portion of their property, totaling 25,984 sq ft, for approximately Rs 166 crore,…