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

Madhuri Dixit Rents Mumbai Commercial Property for ₹2.81 Crore

NEW DELHI: Madhuri Shankar Dixit has leased a commercial unit in One Lodha Place, Lower Parel, Mumbai, at a starting monthly rent of ₹4.25 lakh. The unit covers a carpet area of 67.91 sq meters (731 sq ft) and includes one parking space. The deal was registered with a stamp duty of ₹72,600, registration fees of ₹1,000, and a security deposit of ₹17 lakh, as detailed in property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) website. Officially registered in March 2026, Square Yards’ analysis indicates that the lease spans 60 months (five years). The…

CommercialLatest Stories

Godrej Industries Unit Acquires ₹365 Crore Office in Vikhroli

MUMBAI: Godrej Seeds and Genetics Ltd, part of the Godrej Industries Group’s agri-business sector, has purchased office space across three floors in a commercial tower in Mumbai’s Vikhroli area for a total of Rs 366 crore. The acquisition includes office spaces on the 6th, 7th, and 8th floors of Godrej One, indicating a consolidation of real estate assets within the group. The total carpet area involved in this deal is 70,361 sq ft, with an effective rate of approximately Rs 52,000 per sq ft, as per property registration documents from Propstack, a real estate analytics platform. The transaction was completed…

CommercialLatest Stories

WeWork India Invests ₹31 Crore for 81,166 Sq Ft in Bengaluru

NEW DELHI: WeWork India Management has secured an additional 81,166 sq ft in Bengaluru to enhance its flexible workspace offerings as part of its expansion plans. The new lease is anticipated to accommodate approximately 1,256 desks, with operations expected to begin by May 2026. The company intends to invest around ₹31 crore in this project, which will be financed through internal resources and debt. Additionally, WeWork has expanded its footprint in Pune with a new leave and license agreement for 41,621 sq ft, following a previous agreement for 1,62,665 sq ft made in February 2026. This latest expansion in Pune…

CommercialLatest Stories

Workday Leases 1.94 Lakh Sq Ft in Chennai for GCC Setup

Workday has secured a lease for 194,000 square feet in Chennai to establish a global capability center, marking one of the largest enterprise office commitments in the city with Brookfield Properties. As per the lease documentation from Propstack, the arrangement between Cowrks and Workday consists of two phases featuring different commercial structures. In Phase I, Workday is leasing 100,000 sq. ft. as a managed office across the 3rd and 4th floors of Building 1C at Millenia Business Park, at an all-inclusive monthly rate of Rs. 310.8 per sq. ft. This rate covers warm shell rent, CAM, capex rent, OPEX, signage,…

CommercialLatest Stories

India’s Flex Office Space Tops 100 Million Sq Ft: IT, GCCs Boost Demand

NEW DELHI: India’s flexible office space has surpassed 100 million sq ft, reaching between 110-114 million sq ft from 2020 to 2025, as per a joint report by CBRE and FICCI. This segment has grown at a compound annual growth rate (CAGR) of 23-25% over the last five years, with total inventory nearly tripling during this period, which underscores the increasing significance of flexible workspaces in the country’s office market. Bengaluru holds the largest share of flexible workspace, with 30–32 million sq ft, followed by Delhi-NCR at 21-23 million sq ft and Pune at 13.6-14.6 million sq ft. The demand…

CommercialLatest Stories

Uttar Pradesh Unveils Private Business Park Policy to Attract Global Firms

LUCKNOW: On Monday, the state cabinet approved the Uttar Pradesh Private Business Park Development Scheme-2025. This initiative aims to establish world-class plug-and-play business parks designed to attract global companies, research and development centers, Global Capability Centers, and various operational hubs to the region. The scheme focuses on providing ready-to-use infrastructure for businesses seeking to set up operations swiftly, thereby minimizing the delays and cost overruns often associated with undeveloped facilities. This is expected to significantly boost investment, employment opportunities, and industrial growth, particularly in the services and technology sectors. According to Alok Kumar, additional chief secretary for infrastructure and industrial…

CommercialLatest Stories

Embassy REIT Aims for 13M sq ft in Acquisitions to Boost Income

BENGALURU: Embassy Office Parks REIT, India’s first publicly listed real estate investment trust, is assessing a pipeline of 12-13 million sq ft, with around 4 million sq ft from its sponsor, as it aims to expand its portfolio and improve long-term income visibility. This decision comes after raising Rs 9,800 crore in capital during FY26 and establishing a Rs 4,000 crore development pipeline, positioning the REIT to acquire yield-accretive, income-generating Grade A assets. The trust’s real estate portfolio surpasses 50 million sq ft. “We are actively assessing a pipeline of approximately 12-13 msf… Inorganic growth will continue to be crucial…

CommercialLatest Stories

WeWork India seals ₹475 crore office deal with TMUS in Hyderabad

NEW DELHI: WeWork India Management has signed a managed office agreement with TMUS India for a workspace encompassing approximately 250,348 sq ft in Hyderabad, marking a significant expansion in the region. The agreement includes the provision of 1,507 workstations across five floors at Phoenix H10. The contract spans a duration of 60 months, with a committed period of 42 months, amounting to a total value of around ₹475.49 crore, excluding taxes. As part of this agreement, WeWork will oversee the design, development, and management of the office space, with completion expected by May 2026. This initiative follows an earlier announcement…

CommercialLatest Stories

Onward Workspaces Leases 165,000 sq ft to Accenture in Noida

NEW DELHI: Onward Workspaces, a provider of co-working and managed office spaces, has leased 165,000 sq ft of office space to Accenture in Sector 132, Noida. The workspace, which occupies eight floors at Ace Capitol, includes 1,460 workstations. Currently, the company manages over 800,000 sq ft of workspace across the Delhi NCR region. Onward Workspaces is also developing a co-working center at ECE House on KG Marg in Connaught Place, which will span approximately 17,000 sq ft. Published On Mar 20, 2026 at 03:30 PM IST Join the community of over 2 million industry professionals. Subscribe to our newsletter for…

CommercialLatest Stories

Delhi to Map, Audit Fire Safety of Commercial Units Citywide

NEW DELHI: Delhi Home Minister Ashish Sood has mandated a third-party mapping and fire safety audit of all establishments in the capital, including those in residential areas, in response to the recent fire in Palam that resulted in nine fatalities. Sood instructed that third-party experts be engaged to evaluate fire safety compliance throughout the city. “This initiative aims to pinpoint deficiencies in safety measures and ensure compliance with established norms across commercial facilities in mixed-use environments,” he stated. “Every worker and every family deserves to feel safe, no matter where they are,” Sood emphasized, adding that the government plans to…