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

SBI Acquires 1.35 Lakh Sq Ft Office in Navi Mumbai

MUMBAI: The State Bank of India (SBI), the country’s largest lender, has secured approximately 135,000 square feet of office space across six floors in a commercial tower located in Navi Mumbai’s Airoli area through a long-term lease. This space will serve as the bank’s global IT center. The agreed rent is Rs 125.05 per square foot per month, amounting to a monthly expense of over Rs 1.68 crore. Importantly, this rent includes fit-outs, ensuring the space will be ready-to-use, thus minimizing initial capital costs and expediting the operational setup. As part of the lease agreement, SBI has made a security…

CommercialLatest Stories

WeWork India to Add 7,700 Desks in Hyderabad, Pune, Bengaluru

NEW DELHI: WeWork India Management has announced plans to expand into Hyderabad, Pune, and Bengaluru, adding approximately 7,700 desks as part of its growth strategy. According to a regulatory filing, the company has signed a sub-lease agreement for 145,114 sq ft in Hyderabad, which will add roughly 2,100 desks. This center is expected to become operational by July 2026, with an estimated investment of ₹32 crore, funded through internal accruals and debt. Additionally, WeWork has entered into a leave-and-license agreement for 162,665 sq ft in Pune, projected to introduce around 2,500 desks by August 2026, involving an investment of about…

CommercialLatest Stories

GCCs Boost Office Leasing to 85-90 Million Sq Ft by FY27

NEW DELHI: India’s commercial real estate sector is expected to maintain steady growth, with gross leasing across the top eight office markets projected to increase by 12%–14% year-on-year, reaching 85-90 million sq ft in FY27, as stated in a whitepaper from India Ratings & Research (Ind-Ra) in partnership with ETRealty. According to the agency, gross leasing is set to reach 79–80 million sq ft in FY26, reflecting a 10% annual increase. Although leasing for the first half of FY26 was recorded at 29.5 million sq ft, which is an 8% drop year-on-year due to a high base and limited availability…

CommercialLatest Stories

Lucknow: IT City Plot Allotment Lottery on Feb 28

LUCKNOW: The Lucknow Development Authority is set to launch the IT City housing scheme on Sultanpur Road on February 28, starting with the allotment of developed plots to landowners under the land pooling policy. A total of 870 residential plots will be allocated to 336 farmers who contributed land to the project, with allotments conducted via a lottery system. The draw will take place in the presence of the landowners at the Indira Gandhi Prathishthan. The initial phase will offer plots ranging from 35 sq m to 288 sq m. After allotment to land pooling beneficiaries, the remaining plots will…

CommercialLatest Stories

GCC: India’s Front Office – A New Era in Office Markets

The consensus was clear: GCC growth remains durable, flex has matured into a mainstream asset class, and integrated business districts are redefining the competitive landscape. According to leaders at Panel 3 — *“GCCs, Flex Workspaces & Co-working: Is 2026 the Inflection Point for India’s Office Market?”* — at the RealtyDailyNews Realty Real Estate Conclave 2026, India’s office market may be undergoing a structural reset rather than a temporary improvement. The session, moderated by Badal Yagnik, CEO & Managing Director – India, Colliers, featured industry leaders, including Amit Ramani of Awfis Space Solutions, Vithal Suryavanshi from The Phoenix Mills, Vikram Goel…

CommercialLatest Stories

6-8% Yield & Appreciation: REIT Leaders Chart India’s Realty Future

The discussion emphasized the considerable opportunities within India’s commercial stock. REITs are transitioning from a niche market to a mainstream option as capital markets broaden their involvement in India’s commercial real estate sector. This was a key takeaway from a conclave session discussing the potential of REITs as the backbone of the industry. Moderated by Mahaveer Jain, Director at India Ratings & Research, the panel included Ramesh Nair (Board Member, IRA | MD & CEO, Mindspace Business Parks REIT), Shirish Godbole (Board Member, IRA | CEO, Knowledge Realty Trust), Alok Aggarwal (Chairperson, IRA | CEO, Brookfield REIT), Abhishek Agarwal (CFO,…

CommercialLatest Stories

Google Secures 2.6 Million Sq Ft at Alembic City, Bengaluru

BENGALURU: Google is expanding its presence in Bengaluru’s Whitefield by securing approximately 2.6 million square feet at Alembic City, highlighting its long-term commitment to the area. In October 2024, Google IT Services India leased around 650,000 sq ft at this location, and under the agreement, the landlord is obligated to “hold and reserve” three additional blocks—Annex Tower, Office Block Tower G, and Office Block Tower B—exclusively for Google, according to documents from Propstack. The contract states that “the lessor shall not, during the term of this right, negotiate or agree to lease the reserved blocks to any third party” unless…

CommercialLatest Stories

GCCs Could Represent 50% of India’s Office Demand: Report

BENGALURU: Global Capability Centres (GCCs) are set to account for up to 50% of the demand for grade-A office space in India’s top seven cities over the coming years. Annual leasing by GCCs is projected to reach 35–40 million sq ft, as per a recent report by Colliers India. The report indicates that GCCs have absorbed approximately 117 million sq ft of office space since 2020, which amounts to 38% of the total 310 million sq ft leased during this time. Their share in overall leasing has climbed from under 30% a few years ago to an expected 40% by…

CommercialLatest Stories

ICE Mortgage Tech Leases 200K Sq Ft in Pune for GCC Setup

American multinational financial services company Intercontinental Exchange, via its subsidiary ICE Mortgage Technology India, has secured nearly 200,000 sq ft of office space spread across 9 floors in a commercial tower located in Pune’s Magarpatta Cybercity through a long-term lease, intending to establish a global capability center (GCC). This space, situated in Tower S3 of the business district, has been leased from Axis Max Life Insurance. The lease encompasses approximately 193,053 sq ft, covering the lower ground floor, upper ground floor, and floors one to seven. The rental rate has been set at Rs 90 per sq ft per month,…

CommercialLatest Stories

Mumbai’s Office Space Costs Soar 8% in Q4 2025

NEW DELHI: Mumbai experienced an 8% quarter-on-quarter rise in net effective all-in occupier costs between Q3 and Q4 2025, marking the highest increase among 40 global cities in Savills India’s study. This growth was attributed to tight supply conditions and consistent demand for top-grade A office spaces. Delhi also saw a rise in prime office costs during the quarter, showcasing ongoing interest from occupiers in high-quality office buildings. Globally, net effective prime office costs rose by an average of 1.1% in Q4 2025, with 23 out of the 40 monitored cities reporting increases. Over the entire year, global prime office…