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

Smartworks Leases 1.66 Lakh Sq Ft to Wolters Kluwer in Pune

NEW DELHI: Smartworks Coworking Spaces has signed a lease for 1.66 lakh sq ft with Wolters Kluwer (India) at the Marisoft campus in Kalyani Nagar, Pune. “The cohort of 1,000+ seats, which constituted about 12% of our rental revenue three years ago, has now surged to nearly 35%,” stated Neetish Sarda, founder and managing director of the company. Currently, over 30% of the company’s rental revenue is generated by enterprises operating across multiple locations. It reported a 21% year-on-year increase in revenue to ₹4,248 million, along with a 46% rise in normalized EBITDA in Q2 FY26. The company also achieved…

CommercialLatest Stories

Greater Noida unveils ₹3,600-crore commercial plot scheme

Representative AI image NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has unveiled one of its largest commercial land schemes in recent years. The initiative features 37 plots across key sectors with a total reserve price of Rs 3,604 crore. All allocations will be done through e-auction, with dates to be announced later. The plots, governed by FAR 4 and FAR 2 regulations, are designated for commercial complexes, retail centers, offices, and mixed-use developments. GNIDA indicates that FAR-4 plots can host malls, showrooms, hotels, offices, and banquet halls, while FAR-2 plots are suitable for retail shops, service outlets, restaurants, and…

CommercialLatest Stories

Swiggy Moves HQ to Whitefield as Bellandur Lease Ends

BENGALURU: Food delivery platform Swiggy will relocate its headquarters from Bellandur to Whitefield in the coming months. The move aims to enhance employee connectivity, particularly with the new office’s proximity to the Kadugodi Tree Park Metro station. The location will be accessible from both the Kadugodi Tree Park and Hopefarm Channasandra stations. Sources at Swiggy indicated that the relocation is not a reaction to concerns regarding Bengaluru’s infrastructure, but rather due to the expiration of the lease at the Bellandur campus. “The contract for our Bellandur office is ending, so we chose to move to a larger, future-ready facility. This…

CommercialLatest Stories

91Springboard Leases 100K Sq Ft Workspaces in Mumbai & Gurugram

NEW DELHI: 91Springboard, a workspace solutions provider, has launched two new centers in Mumbai and Gurugram. Together, the two hubs cover approximately 100,000 sq ft and are expected to be operational by the next quarter. The Mumbai center, located at Hiranandani Business Park, LightHall in Andheri East, spans 40,000 sq ft, while the Gurugram center at DLF World Trade Park covers 60,000 sq ft. To date, the company has added half a million sq ft of space in 2025 and aims to reach an additional million by the end of this fiscal year. Currently, it manages over 1.64 million sq…

CommercialLatest Stories

EFC (I) Net Profit Soars 55.11% in Q2 FY26

NEW DELHI: EFC (I) has announced a significant 55.11% increase in its net consolidated profit for the quarter ending September 30, 2025. The company reported a profit after tax of ₹56.71 crore in Q2 FY26, compared to ₹36.56 crore in the same quarter last year, according to a filing with the BSE. The net consolidated total income for Q2 FY26 reached ₹441.90 crore, marking a 4.18% rise from ₹424.19 crore in the corresponding quarter of the previous fiscal year. Expanding its capacity, the company now seats over 68,000, achieving an average revenue of ₹6,750-7,250 per seat and managing an area…

CommercialLatest Stories

OpenAI Leases 50-Seater Office with CorporatEdge in Delhi

US-based OpenAI has selected Delhi for its inaugural office in India, leasing a 50-seater space from premium flex workspace provider CorporatEdge, according to two sources familiar with the matter. This August, OpenAI CEO Sam Altman announced plans to establish an office in India. The sources indicated that the company specifically sought a location in Delhi, ruling out the business hubs of Gurugram and Noida. “This deal underscores the significance of AI firms as substantial players in commercial real estate moving forward,” one source remarked. “These companies tend to favor managed office spaces over traditional office setups.” OpenAI did not respond…

CommercialLatest Stories

Awfis Space Solutions Q2 FY26 Net Profit Falls 58.7%

NEW DELHI: Awfis Space Solutions, a provider of flexible workspace solutions, has reported a 58.7% decline in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax for Q2 FY26 was ₹15.97 crore, down from ₹38.67 crore in the same quarter of the prior fiscal year, according to a BSE filing. The company’s net consolidated total income was ₹392.97 crore in Q2 FY26, reflecting a 30.14% increase from ₹301.95 crore in the year-ago quarter. Amit Ramani, the company’s chairman and managing director, stated, “In H1 FY26, our Operating EBITDA grew 44% year-on-year, revenue expanded by…

CommercialLatest Stories

Germany’s Bernhard Schulte Acquires Mumbai Office Space

Global maritime giant Bernhard Schulte Shipmanagement (BSM) has acquired a custom-built six-floor office space in the Kalpataru Virtus project, located at the LBS-JVLR junction in Mumbai’s Vikhroli suburb, for more than Rs 304 crore, according to sources familiar with the matter. This acquisition, finalized on Thursday, represents one of the largest office space purchases by an international shipping company in India. “This new office will become BSM’s headquarters in India, bringing together its ship management, crewing, technical, and digital operations, while also allowing room for growth,” stated one insider. The company has acquired approximately 1 lakh sq ft of office…

CommercialLatest Stories

WeWork India Q2 FY26 Profit Drops to ₹6.4 Crore

NEW DELHI: WeWork India Management Ltd has reported a significant decrease in consolidated net profit to Rs 6.4 crore for the quarter ending in September, mainly due to a high base effect. In the same quarter last year, net profit was Rs 203.74 crore, boosted by a deferred tax credit. Total income climbed to Rs 585.54 crore for the July-September period this fiscal, up from Rs 499.47 crore during the same timeframe last year, as per a regulatory filing. Since its inception in 2017, WeWork India has provided flexible workspace solutions to corporations and operates in eight major cities with…

CommercialLatest Stories

Knowledge Realty Trust’s NOI Rises 20% in H1 FY26

NEW DELHI: Knowledge Realty Trust has reported a 20% year-on-year increase in net operating income (NOI), reaching ₹19,544 million for H1 FY26, with NOI margins at 89%. In Q2 FY26, the company recorded a revenue of ₹11,238 million and an NOI of ₹9,881 million. A distribution of ₹6,900 million, or ₹1.56 per unit, was also announced. The firm successfully raised ₹16,000 million through AAA-rated listed non-convertible debentures (NCDs) with a 7.2% coupon rate. The company noted, “Debt refinancing, rate reductions, and low-cost NCDs have contributed to a reduced interest cost of 7.4% per annum, achieving annual savings of 120 basis…