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

ICRA: Office Vacancy Rates to Hit Historic Lows by FY27

NEW DELHI: According to ICRA, a rating agency, vacancy rates in India’s commercial office market are set to drop to multi-year lows by FY2027 due to leasing demand significantly surpassing new supply for the third consecutive year. Net absorption across the six major office markets—Bengaluru, Chennai, Delhi NCR, Hyderabad, Mumbai Metropolitan Region (MMR), and Pune—is expected to reach an unprecedented 69–70 million sq ft in FY2026. The strong leasing momentum should continue in FY2027, with net absorption projected at over 65 million sq ft. With demand consistently outpacing supply, vacancy rates are forecast to decline to between 12.5% and 13%…

CommercialLatest Stories

2025 Sees 55M Sq Ft in Net Office Leasing: Anarock

NEW DELHI: In 2025, net office leasing in India’s top seven cities reached an unprecedented 55.16 million sq ft, marking a 10% year-on-year increase, according to Anarock Research. This growth came despite challenges like layoffs in the IT sector and global tariff issues. For context, net absorption was approximately 49.95 million sq ft in 2024. Bengaluru maintained its position as the largest office market, leasing about 14.15 million sq ft for the year. However, this represented a 5% decline in net absorption compared to 14.87 million sq ft in 2024. In contrast, Pune experienced the highest annual growth among the…

CommercialLatest Stories

Noida Metro Rail Corp. Offers Commercial Space at 3 Stations

Representative AI image NOIDA: The Noida Metro Rail Corporation (NMRC) is leasing commercial spaces at Sector 81, Sector 83, and Depot metro stations along the Aqua Line. At Sector 81, NMRC is offering four commercial spaces: two on the ground floor (26 sqm and 172 sqm), one on the first/concourse level (315 sqm), and another on concourse level 2 (232 sqm). At Sector 83, a 226 sqm space is available on the upper ground floor, while at Depot metro station, there’s a 106 sqm area on the first/concourse level. As per NMRC officials, the successful bidder will be allowed to…

CommercialLatest Stories

Gurugram: DTCP Halts Sales, Flags Illegal Subdivision in Complex

GURUGRAM: The District Town Planner (Enforcement) has begun action against Sewa Corporate Park on MG Road for illegally subdividing the commercial complex into multiple units and selling them to third parties without the necessary license required by the Haryana Development and Regulation of Urban Areas (HDR) Act, 1975. Officials report that while the project was granted change of land use permission in 2004 and received an occupation certificate in 2009, it was later divided into various shops and offices without proper approval. This action follows a Punjab and Haryana High Court order dated September 8, 2025, concerning a writ petition…

CommercialLatest Stories

Embassy REIT Sells 3.76 Lakh Sq Ft in Manyata Park for ₹530 Cr

Representative image NEW DELHI: Embassy Office Parks REIT has finalized the sale of around 3.76 lakh sq ft comprising two strata-owned blocks at Embassy Manyata Business Park in Bengaluru for ₹530 crore to EAAA Alternatives’ inaugural commercial real estate fund—Rental Yield Plus (RYP). Amit Shetty, CEO of Embassy REIT, stated, “This divestment is part of our capital recycling strategy, enhances portfolio efficiency, and gives us more flexibility for reinvestment into new opportunities.” This transaction marks RYP’s third investment, strengthening the fund’s holdings within Greenheart Tech Park, located in Embassy Manyata Business Park. Subahoo Chordia, CEO of EAAA Alternatives, noted, “This…

CommercialLatest Stories

Starlink Leases Office Space in New Delhi with CorporatEdge

Elon Musk’s Starlink has secured its first office in northern India by partnering with premium flexible workspace provider CorporatEdge, according to two sources familiar with the matter. The new 50-seater office is located at the World Trade Center in Nauroji Nagar, Delhi—a location also chosen by OpenAI for its first office in India. Earlier this month, Starlink displayed comprehensive residential pricing on its local website, indicating an upcoming launch in India, although they later clarified that this was due to a glitch. As firms like OpenAI and Starlink establish their presence in India, a centralized location in Delhi allows them…

CommercialLatest Stories

Gurugram: Property Registrations Halted in Raheja Commercial Project

GURUGRAM: The district town planner (enforcement) has instructed the sub-registrar of Manesar to halt property transactions related to Raheja Developers’ commercial project in Sector 84, as the project’s license was discovered to have expired on May 16, 2019. The license for a 2.3-acre commercial colony was not renewed in the designated timeframe, as per an official notice from the Department of Town and Country Planning (DTCP). According to rule 13 of the Haryana Development and Regulation of Urban Areas Rules, 1976, the licensee must file for renewal at least one month prior to its expiration. The DTCP’s order indicates that…

CommercialLatest Stories

Concorde Invests ₹125 Crore to Develop Mayfair Commercial Block

NEW DELHI: Concorde, based in Bengaluru, has made a ₹125 crore investment to establish a commercial block at Concorde Mayfair, an integrated development positioned on Bellary Road in Yelahanka. Covering a super built-up area of about 2.51 lakh sq ft, this commercial block is projected to generate annual revenues of approximately ₹30 crore from operations. The structure features retail space on the ground and first floors, while the second to tenth floors will be occupied by office spaces. Additionally, there are dedicated parking facilities in two basements. The company unveiled Concorde Mayfair in June 2024, which spans 3.35 acres and…

CommercialLatest Stories

360 ONE Real Assets Platform Secures ₹2,300 Crore Funding

NEW DELHI: 360 ONE Asset’s real assets platform has successfully raised about ₹2,300 crore through its category II alternative investment fund (AIF) in just four months since launching its fundraising efforts. The fund focuses on infrastructure and income-generating commercial real estate. Nearly all of its committed capital has already been deployed, with the remaining expected to be invested in the upcoming months. Key deployments include partnerships with Knowledge Realty Trust, Vertis Infra Trust, Maple Infrastructure Trust, and Brookfield’s Bluegrass Business Park. The real assets platform has attracted investments from its proprietary network of UHNIs and family offices across India, bringing…

CommercialLatest Stories

Gurugram: 32nd Avenue Owners Notified for Code Violations

Representative AI image GURUGRAM: The district town planner (enforcement) has issued a show-cause notice to the owners and collaborators of 32nd Avenue, a bustling commercial hub in Sector 15-II, following a recent inspection that revealed significant deviations from the approved building and layout plans. This notice comes nearly 10 months after a similar one was issued in January 2025, which aimed to address critical breaches that remained unresolved. 32nd Avenue is celebrated for its diverse food and retail options. The previous notice identified multiple violations, including the complete blockage of a 6-meter fire tender access route, the unauthorized operation of…