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

Quest Coworks buys 57,000 sq ft office in Andheri, Mumbai

Representative Image MUMBAI: Quest Coworks, a flexible workspace provider, has acquired over 57,000 sq ft of office space from Capgemini Technology Services India at Akruti Softech Park, located in MIDC’s Marol Industrial Area, Andheri (East). The transaction is valued at Rs 55.83 crore. This deal, registered on March 16, includes five office units across multiple floors of the commercial property, with a total stamp duty of Rs 3.58 crore paid by the buyer. The largest unit, measuring 11,885 sq ft on the fourth floor, was purchased for Rs 11.52 crore and incurred a stamp duty of Rs 72.38 lakh. The…

CommercialLatest Stories

US Bancorp Discusses 650K Sq Ft Lease in Chennai for GCC

BENGALURU: US Bancorp is negotiating to lease over 650,000 sq ft of office space in Chennai as it establishes its first global capability center (GCC) in India, marking a significant entry into the country’s flourishing offshore operations sector. The proposed office will be located at Embassy Tech Splendid, a commercial campus owned by Embassy Office Parks REIT, using a build-operate-transfer service model with Cognizant Technology Solutions, according to sources involved in the discussion. Under this arrangement, Cognizant will initially manage the center before transferring full operations to the bank. The estimated monthly rental is between Rs 4.5-5 crore, indicating a…

CommercialLatest Stories

WeWork India to add 4,100 desks in Bengaluru with ₹60 crore

NEW DELHI: WeWork India Management has finalized two lease agreements in Bengaluru to enhance its flexible workspace offerings, adding over 4,100 desks across more than 246,000 sq ft of office space, as stated in a regulatory filing. The company has secured leases for 95,351 sq ft and 151,201 sq ft of space in separate transactions, with operations expected to commence by June 2026. WeWork plans to invest around ₹60 crore: ₹28 crore for the first facility and ₹32 crore for the second, funded through a combination of internal resources and debt. This expansion will introduce approximately 1,829 desks in one…

CommercialLatest Stories

TCS Expands Chennai Presence to 7.79 Lakh Sq Ft with New Lease

BENGALURU: Tata Consultancy Services (TCS) has expanded its office presence in Chennai to around 779,000 sq ft with a new lease of 147,000 sq ft at Ozone Techno Park. This move further establishes the city as a strategic hub in TCS’s delivery network across India. The lease agreement, made with Platinum Holdings Private Limited, encompasses space on the fourth and fifth floors of the IT park located on Old Mahabalipuram Road (OMR). According to Propstack, the lease will begin on October 1, 2025, for a duration of 53 months, with a rental rate of Rs 45 per sq ft per…

CommercialLatest Stories

Prayagraj Junction: Future Major Commercial Hub with 7 Floors for Lease

Representative AI image PRAYAGRAJ: Prayagraj Junction is poised to become a significant commercial hub as part of its redevelopment initiative. The railway authorities are getting ready to lease a substantial portion of the newly constructed station building to private investors for a period of 45 years. This redevelopment project, costing approximately Rs 960 crore, is one of the largest in the country. The Rail Land Development Authority (RLDA) has released an e-tender for the commercial development of the seven floors in the newly built nine-storey structure on the Civil Lines side of the station. Commercial activities will be permitted from…

CommercialLatest Stories

Punjab to Develop Mohali as Tier-I IT Hub

CHANDIGARH: A session focused on Information Technology and IT-enabled Services took place on the final day of the Progressive Punjab Investors’ Summit 2026, positioning Punjab as a leading hub for tech investments and digital progress. During the session, Seema Bansal, vice-chairperson of the Punjab Development Commission (PDC), stated, “The Punjab government is committed to establishing Mohali as a Tier 1 town within the IT sector.” “The state administration is prioritizing key areas like governance, academia, and infrastructure to realize this vision,” she added. Bansal also noted that several manufacturing firms in the state have begun incorporating AI technologies into their…

CommercialLatest Stories

Manglam Group to Invest ₹400 Cr in Jaipur Commercial Project

NEW DELHI: Manglam Group is set to invest around ₹400 crore in the development of Summit Signature Sangam, a commercial project located along Ajmer Road in Jaipur. This project is being executed in collaboration with Sangam India. Covering over 11,500 sq yards, the project is designed as a ground plus three-floor commercial space, featuring floor plates that start at approximately 1,100 sq ft. Published on Mar 16, 2026 at 02:00 PM IST Join the community of 2M+ industry professionals. Subscribe to our newsletter for the latest insights and analyses delivered to your inbox. Stay updated on ETRealty industry news right…

CommercialLatest Stories

Maharashtra to establish IT park near Purandar airport

Representative AI image PUNE: On Friday, the state government announced plans to establish a new IT park near the upcoming greenfield international airport in Purandar taluka. The IT sector has welcomed this initiative, following the announcement by state industries minister Uday Samant in the assembly. However, experts urged the government to avoid repeating past infrastructure errors seen at the Hinjewadi IT park. The project, which has been discussed for the past couple of years, was confirmed in the assembly after finalizing the land for it. Samant noted, “Although the land transfer from the revenue department to MIDC is pending, we…

CommercialLatest Stories

REIT Market Cap in India Soars to ₹1.73 Lakh Crore Since FY20

NEW DELHI: The market capitalization of India’s listed real estate investment trusts (REITs) has surged over six times to approximately ₹1.73 lakh crore in the first nine months of FY26, up from ₹27,100 crore in FY20, as reported by CBRE. This growth follows the introduction of India’s first REIT in 2019, driven by new listings and an increase in unit prices of existing REITs. Currently, five REITs are listed on Indian stock exchanges, including Knowledge Realty Trust REIT, which launched in August 2025. The report indicates that the other four REITs experienced over 20% year-on-year unit price growth between Q3…

CommercialLatest Stories

Brookfield India REIT to Raise ₹4,000 Crore; Ecoworld SPV ₹1,125 Crore

Representative AI image NEW DELHI: Brookfield India Real Estate Trust (Brookfield India REIT) is set to raise up to ₹4,000 crore through institutional unit placements. Meanwhile, its subsidiary, Arliga Ecoworld Business Parks, plans to secure ₹1,125 crore from funds managed by 360 ONE WAM, as disclosed in regulatory documents. The board of Brookprop Management Services, which manages Brookfield India REIT, approved the institutional placement proposal during a meeting on March 12, 2026. The fundraising is expected to take place across one or more tranches, pending approval from the REIT’s unitholders. Funds from the institutional placement will be utilized for acquiring…