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

Embassy REIT buys Bengaluru office for ₹8,520 million

NEW DELHI: Embassy Office Parks REIT has signed definitive agreements to acquire a 0.3 million sq ft office property within Embassy GolfLinks Business Park in Bengaluru. The transaction is valued at ₹8,520 million. This grade-A asset is completely leased to a leading global investment firm, ensuring long-term cash flow visibility. The acquisition yields a net operating income (NOI) of approximately 7.9%, which is favorable compared to the REIT’s trading cap rate of 7.4% in Q2 FY2026, according to the company. Amit Shetty, CEO of the company, stated, “With a fully leased, long-term asset backed by a prominent global investment firm,…

CommercialLatest Stories

HRX Digitech LLP Acquires 4 Commercial Units for ₹10.90 Cr in Mumbai

NEW DELHI: Rakesh Roshan and his son Hrithik Roshan’s company, HRX Digitech LLP, has acquired four commercial units in Andheri West, Mumbai for ₹10.90 crore, according to property registration documents examined by Square Yards. All transactions were registered in November 2025 at Yura Business Park Phase 2. The first property, valued at ₹3.42 crore, features a carpet area of 79.15 sq meters (852 sq ft) and includes two car parking spaces, incurring a stamp duty of ₹20.54 lakh and registration fees of ₹30,000. The second unit was acquired for ₹2.19 crore. It has a carpet area of 50.63 sq meters…

CommercialLatest Stories

Kartik Aaryan’s Parents Purchase Mumbai Office for ₹10.8 Crore

NEW DELHI: Kartik Aryan’s parents have purchased an office unit in Mumbai’s Vile Parle for ₹10.83 crore, as reported by Zapkey. The transaction took place in November, with a stamp duty of ₹65 lakh paid. This property, sold by Notan House, features a carpet area of 1,228 sq ft and includes two parking spaces, as per the documentation. Notandas Realty was the developer of Notan House. Published On Dec 3, 2025 at 10:36 AM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights and analysis delivered to your inbox. Everything about…

CommercialLatest Stories

IL&FS HQ in BKC may see 25% valuation increase

MUMBAI: IL&FS is set to pursue new valuations for its headquarters located in the Bandra Kurla Complex (BKC). A 25% increase in its current valuation is anticipated following approval from the National Company Law Tribunal (NCLT) to consider the recent surge in Mumbai’s real estate market, according to a source familiar with the situation. The tribunal has mandated Brookfield Asset Management, the global institutional investor, to renew the performance guarantee originally submitted during the bidding process for the property in 2022. “The existing valuation of ₹1,722 crore was established in 2024, and new valuations are projected to be between ₹2,000…

CommercialLatest Stories

Bengaluru to Add 25M Sq Ft Office Space in H2 FY27: ICRA

NEW DELHI: Bengaluru is set to see approximately 25 million sq ft of new office space coming online in the latter half of FY27, with about 25% already pre-leased. Despite a forecast of 16-17 million sq ft of new space for FY26 and FY27, occupancy rates are expected to reach 91-91.5% by March 2026 and 92-92.5% by March 2027, driven by ongoing leasing activity, according to ICRA’s latest report. In FY25, the city reported 16.3 million sq ft of fresh Grade-A office supply, alongside 8.4 million sq ft in H1 FY26, compared to net absorption figures of 18.4 million sq…

CommercialLatest Stories

Nagpur Civic Body Signs ₹129 Crore Sokta Bhavan Deal

NAGPUR: The Nagpur Municipal Corporation (NMC) has made a significant stride in augmenting its non-tax revenue by finalizing a ₹129 crore deal for the revitalization of the dilapidated Sokta Bhavan at Gandhibagh into a contemporary commercial complex, which will also include a Citizen Facilitation Centre. This project, undertaken on a design-build-finance-operate-and-sale (DBFOS) basis, stands as one of the highest-value redevelopment contracts for the civic body in recent years, particularly after several unsuccessful attempts to attract bidders. On November 6, the civic administration issued a Letter of Acceptance (LoA) to PrafulVed Infra Ltd, whose lump-sum offer of ₹129 crore was the…

CommercialLatest Stories

Mindspace REIT Buys Mumbai & Pune Assets for ₹29.2B

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has secured three key central business district properties for ₹29.2 billion from K Raheja Corp. The board of K Raheja Corp Investment Managers, responsible for managing Mindspace REIT, approved the acquisition and a preferential issue of units totaling up to ₹18.2 billion. The company also announced the purchase of Pramaan Properties, which includes 0.45 million sq ft at Ascent – Worli in Mumbai, alongside an office building of 0.1 million sq ft located in Kalyani Nagar, Pune. Additionally, Sundew Real Estate, which owns 0.2 million sq ft at The Square Avenue 98…

CommercialLatest Stories

BHIVE Signs Lease for 15,000 sq ft in Jayanagar, Bengaluru

NEW DELHI: BHIVE Workspace has secured a lease for 15,000 sq ft of office space in Jayanagar 4th Block, Bengaluru, from Garuda Group. This marks the second partnership between the two companies, following the establishment of Garuda BHIVE Workspace at BTM Campus. The new center will provide flexible seating options, private offices, and managed office solutions, accommodating over 650 seats at an average rent of ₹8,500 per seat per month. “Currently, the center is about 40% occupied, and we anticipate reaching 90% occupancy within the next six months,” stated Shesh Rao Paplikar, founder & CEO of the company. BHIVE Workspace…

CommercialLatest Stories

Sunaina Rakesh Roshan Acquires ₹6.42 Crore in Mumbai Units

Representative image NEW DELHI: Sunaina Rakesh Roshan has acquired two commercial units in Vaidya West World One Aeropolis, Andheri East, Mumbai, totaling ₹6.42 crore. The first property costs ₹3.16 crore, featuring a carpet area of 113.06 square meters (1,217 sq. ft.), and includes two car parking spaces. According to property registration documents from the Inspector General of Registration (IGR), the transaction incurred a stamp duty of ₹18.98 lakh and registration charges of ₹30,000. The second unit, valued at ₹3.26 crore, offers a carpet area of 116.50 square meters (1,254 sq ft) and also comes with two parking spots, involving a…

CommercialLatest Stories

Bhubaneswar: BMC to Survey Commercial Activities in Homes

BHUBANESWAR: As parking problems escalate in residential areas due to rising commercial activities, the Bhubaneswar Municipal Corporation (BMC) has decided to conduct an extensive survey across various wards to formulate plans for regulating parking and commercial operations. During a corporation meeting on Wednesday, BMC corporators expressed concerns over this mounting issue in the city’s lanes and by-lanes, prompting a lengthy discussion aimed at assessing the severity of the problem. “The parking situation is a major concern for the city, and we are actively seeking solutions. Initial discussions have taken place. Hospitals and similar institutions must collaborate to create adequate parking…