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

Sporta Technologies Leases 1.69 Lakh Sq Ft in Worli, Mumbai

Sporta Technologies, the parent company of the fantasy gaming platform Dream11, has secured a long-term lease for an office space spanning four floors in a commercial tower located in Mumbai’s Worli area. The deal involves total rental payments close to Rs 300 crore over the lease duration, marking one of the largest single-tenant office agreements in the city this year. The company has signed an agreement with K Raheja Corp to lease a 169,250 sq ft office space in the Ascent Worli project on Sudam Kalu Ahire Marg. This lease, lasting 60 months and featuring a 36-month lock-in period, includes…

CommercialLatest Stories

DAMAC Group Launches New GCC in Noida, Plans Pune Facility

NEW DELHI: The UAE-based DAMAC Group has introduced its new global services division, DAMAC Shared Services India (DSSI), and set up a Global Capability Center (GCC) in Noida. Hussain Sajwani, the company’s founder, remarked, “We are dedicated to developing high-performing teams by 2026, providing superior services to advance DAMAC’s global goals.” The Noida GCC will employ over 250 individuals, with plans to establish another GCC in Pune by 2026, which will have more than 100 staff members. M.P. John, the company’s Chief Human Capital Officer, stated, “We are investing in India’s workforce capabilities and creating a services center that will…

CommercialLatest Stories

Rakesh Roshan and wife purchase 5 Mumbai units for ₹19.68 crore

NEW DELHI: Rakesh Roshan and his wife, Pramila, have acquired five commercial units in Vaidya West World One Aeropolis, Andheri East, Mumbai, for a total of ₹19.68 crore, based on property registration documents from the Inspector General of Registration (IGR) obtained by Square Yards. All transactions occurred in November 2025. The first property, priced at ₹3.27 crore, has a carpet area of 116.96 sq meters (1,259 sq ft) and includes two parking spaces. It incurred a stamp duty of ₹19.64 lakh and registration fees of ₹30,000. The second property, valued at ₹2.83 crore, has a carpet area of 101.17 sq…

CommercialLatest Stories

Odisha Approves Policy to Become GCC Hub

BHUBANESWAR: The Odisha government has recently approved a policy aimed at transforming the state into a hub for Global Capability Centres (GCCs) through a range of incentives, an official reported. A GCC is a facility set up by multinational companies to centralize and handle essential business operations such as IT, research and development, and finance. A cabinet meeting led by Chief Minister Mohan Charan Majhi approved 12 proposals from nine departments, including the Odisha Global Capability Centre (GCC) Policy 2025, as stated by Chief Secretary Manoj Ahuja. The new policy seeks to attract major multinational firms to set up and…

CommercialLatest Stories

Mindspace REIT to invest ₹4,185 crore in expansion

NEW DELHI: Mindspace Business Parks REIT plans to invest over ₹4,185 crore in capital expenditures for its ongoing projects from FY26 to FY28, targeting double-digit growth in net operating income (NOI) and net distributable cash flow (NDCF). The company, boasting an under-construction portfolio of 15 million sq ft and completed assets totaling 31 million sq ft, aims to bolster its presence in key cities—Hyderabad, Mumbai, Pune, and Chennai—while also branching out into data centres, hospitality, and mixed-use assets to diversify its revenue streams, as per Ramesh Nair, CEO & MD, in an exclusive interview. Below are edited excerpts: How has…

CommercialLatest Stories

Nishitetsu, Runwal to develop ₹2,000-crore office in Mumbai

Representative Image Japanese conglomerate Nishi-Nippon Railroad Co Ltd (Nishitetsu) is set to make its entry into India’s real estate market through a partnership with Mumbai’s Runwal Enterprises. The collaboration aims to jointly develop a commercial project worth Rs 2,000 crore in Kurla, close to the Bandra-Kurla Complex business district. Covering over 3,000 sq. meters, the project will feature over 310,000 sq. ft. of leasable Grade-A commercial office space. Investment management firm Route78 Partners is also participating in this venture. This represents Nishitetsu’s first overseas office development and is part of a broader initiative to expand its urban development presence across…

CommercialLatest Stories

Saif Ali Khan Acquires ₹30.75 Crore Property in Mumbai

NEW DELHI: Saif Ali Khan has acquired a commercial property valued at ₹30.75 crore in Kanakia Wallstreet, Andheri East, Mumbai, as revealed by property registration documents accessed by Volney. The property includes two adjoining office units, totaling a carpet area of 5,682 sq ft and a salable area of 9,659 sq ft, along with six designated car parking spaces. Rohan Sheth, founder of the company, noted, “In recent years, we’ve witnessed increasing interest from celebrities and high-net-worth individuals diversifying into grade-A commercial real estate. This sector is perceived as a stable, appreciating asset that complements other investment options.” Volney also…

CommercialLatest Stories

Cochin Body Approves Land Pooling for Infopark Phase-III

Representative AI image KOCHI: The executive committee of the Greater Cochin Development Authority (GCDA) has approved a resolution for the pooling of 500 acres to establish Phase III of the Infopark campus. Following local body elections, a notification for land pooling will be issued. GCDA will provide details regarding the land in Kunnathunadu taluk, including survey numbers and the names of landowners. This notification serves as the official alert to landowners about the pooling process, allowing them to approach GCDA with any concerns. Recently, GCDA opened an office dedicated to land pooling. Prior to the notification being issued, the state…

CommercialLatest Stories

Puravankara Leases 1.2 Lakh Sq Ft Retail to Ikea in Bengaluru

NEW DELHI: Puravankara has entered into a lease agreement (ATL) with Ikea India for over 1.2 lakh sq ft of retail space at Purva Zentech Park on Kanakapura Road, Bengaluru. Purva Zentech Park is a mixed-use commercial project featuring approximately 9.6 lakh sq ft of leasable and saleable area. Currently under construction, it is expected to be completed by early 2026. Ikea will take up the first and second floors, with the space slated to be handed over in Q1 2026, and operations planned to begin thereafter. Ikea India has opted not to comment. Colliers India’s office services team facilitated…

CommercialLatest Stories

Jaguar Land Rover Leases 146,000 Sq Ft at Brigade Tech Gardens

Jaguar Land Rover Technology and Business Services India has leased 146,000 sq ft of office space at Brigade Tech Gardens in Bengaluru, marking a significant GCC-driven transaction. Documents indicate that the lease encompasses multiple floors: parts of the ground and first floors, along with the entirety of the fifth and eighth floors, substantially expanding Jaguar Land Rover’s presence at the Brookefield campus. The lease entails a warm-shell rental of ₹65 per sq ft per month, with the total estimated monthly expenditure, including fit-out costs, at around ₹1.67 crore. Jaguar Land Rover has committed to a five-year term with a security…