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

Hidco to Auction Two Commercial Plots in New Town, Kolkata

Representative image KOLKATA: Hidco is set to conduct an e-auction for two commercial plots in the CBD area of New Town—one spanning 10 acres and the other 3.9 acres—on a freehold basis, scheduled for next month. The starting bid for the 3.9-acre plot is set at Rs 138.9 crore, while the 10-acre plot has a starting bid of Rs 353.3 crore. Authorities are currently inviting bids from qualified corporate entities. Officials have stated that changes in the intended use of the plots will not be permitted, and construction must commence within one year of land possession. Published On Jan 19,…

CommercialLatest Stories

Smartworks Coworking Reports ₹1.24 Crore Profit in Q3 FY26

NEW DELHI: Smartworks Coworking Spaces Ltd has declared a consolidated net profit of ₹1.24 crore for Q3 of this fiscal year, driven by increased revenue. The company, which went public last year, reported a net loss of ₹16 crore during the same period last year. For the October-December period of the 2025-26 fiscal year, total income surged by 34% to ₹488.14 crore, compared to ₹363.62 crore in the corresponding quarter of the previous year, as stated in a regulatory filing on Thursday. Over the first nine months this fiscal year, net losses decreased to ₹6 crore, down from ₹54.87 crore…

CommercialLatest Stories

Ludhiana Seals Six Commercial Buildings

LUDHIANA: On Thursday, the Municipal Corporation (MC) intensified its efforts against illegal constructions by sealing six commercial buildings throughout the city. This action was executed by the building branch under the guidance of MC Commissioner Aaditya Dachalwal. Officials reported that two of the sealed structures were on Barewal Road, two on 200 Feet Road, and one each on Magnet Resort Road and Ferozepur Road. Assistant Town Planner Harvinder Singh Honey stated that these measures followed the owners’ failure to settle outstanding dues, including Change of Land Use (CLU) charges. He advised residents to obtain approved building plans from the municipal…

CommercialLatest Stories

Executive Centre India Gets SEBI Nod for ₹2,600-Crore IPO

NEW DELHI: Executive Centre India has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The IPO will feature a fresh equity share issuance with a face value of ₹2 each, totaling up to ₹2,600 crore. As outlined in the draft red herring prospectus (DRHP), the net proceeds are intended primarily for investments in TEC Abu Dhabi, a direct subsidiary, and to fund part of the acquisition costs for TEC Singapore and TEC Dubai. These two entities are currently step-down subsidiaries of TEC Singapore, a corporate promoter of the company, and…

CommercialLatest Stories

BA Continuum India signs ₹236-crore lease for Powai office

Bank of America’s captive services division, BA Continuum India, has secured over 1.11 lakh sq ft of office space in the commercial tower of Chalet Hotels located in Mumbai’s Powai area through a long-term lease extending nearly 11 years, with a total rental commitment exceeding Rs 236 crore. The lease, which spans two floors of the tower, includes a stepped escalation clause that stipulates a rent increase of 15% on October 1, 2027, and subsequently every three years. According to the lease terms, BA Continuum will start with a monthly rent of Rs 1.43 crore, approximately Rs 129 per sq…

CommercialLatest Stories

Tushar Infra and Pantheon Sell Mumbai Property for ₹559.25 Cr

Representative image NEW DELHI: Tushar Infra Developers, helmed by Tusshar Kapoor, in partnership with Pantheon Buildcon, led by Jitendra Kapoor, has successfully sold a commercial property in Chandivali, Mumbai, for ₹559.25 crore. This property, located in Balaji IT Park (DC-10 Building), boasts a built-up area of approximately 30,195 sq. m. (around 3,25,016 sq. ft.), as indicated by property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) website. The transaction was officially recorded in January 2026. Additionally, there was a previous transaction at Balaji IT Park, which took place in May 2025, totalling ₹855 crore. Published…

CommercialLatest Stories

Honeywell Leases 400,000 Sq Ft at Ecoworld, Bengaluru

Representative image BENGALURU: Honeywell, a US-based technology giant, has signed a lease for 399,220 square feet of office space at Ecoworld in Bellandur through its Indian subsidiary, Honeywell Technology Solutions Lab, as reported by Propstack. This agreement is among the largest single-tenant leases in the tech corridor of Bengaluru. The office, located in Block 5A of Ecoworld, is owned by Arliga Ecoworld Business Parks. The lease, beginning on January 1, 2026, spans a duration of 84 months (7 years). According to the registration document, “The leased space covers multiple levels, from the ground to the second floor, and also the…

CommercialLatest Stories

JP Morgan Leases 2.71 Lakh Sq Ft Office in Mumbai for ₹9 Cr/Month

NEW DELHI: JP Morgan has leased 272,000 sq ft of office space in Mumbai from Cowrks at a starting monthly rental of ₹9.23 crore, as reported by CRE Matrix. Real estate analytics firm CRE Matrix obtained the lease agreement from the Maharashtra government. The global financial services firm, JP Morgan Services India Pvt Ltd, has leased 271,955 sq ft at the One Downtown Central (Crisil House) Building in Powai, Mumbai. The lease agreement, finalized in December, involves Cowrks India Pvt Ltd, JP Morgan Services India Pvt Ltd, and Kairos Properties Pvt Ltd, according to CRE Matrix. Kairos Properties owns the…

CommercialLatest Stories

Indore: IT Park 3 & 4 Office Space Sales Launching This Year

INDORE: The sale of office spaces in the upcoming IT Park-3 and IT Park-4 in Indore is set to commence in 2026. This initiative is part of the Madhya Pradesh Industrial Development Corporation’s (MPIDC) effort to enhance technology infrastructure, catering to the rising demands from IT and service sectors. IT Park-3, with an investment of approximately Rs 530 crore, will cover nearly 11 lakh sq ft. It is designed as a plug-and-play facility with high-speed digital connectivity and a walk-to-work model, targeting industries in fintech, artificial intelligence, data analytics, and IT-enabled services. MPIDC’s Indore region executive director, Himanshu Prajapati, stated…

CommercialLatest Stories

Jaipur Seals Three Buildings for Illegal Construction

JAIPUR: In its ongoing efforts to combat illegal construction and unauthorized commercial operations, the Jaipur Municipal Corporation (JMC) conducted a sealing operation in Ramganj Bazaar and Johari Bazaar on Friday. The JMC sealed House No 1980 on Thakur Pachewar ka Rasta in Johari Bazaar due to unauthorized construction and misuse of the property. Similarly, illegal construction and unauthorized commercial activities were identified at Shop No 79 and Shop No 80 in Ramganj Bazaar, resulting in their sealing. Vijendra Kumar stated that notices had previously been issued to the property owners and shopkeepers, but they did not comply within the given…