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

BHIVE Workspace Leases 100K+ Sq Ft in Bellandur

Representative image NEW DELHI: BHIVE Workspace, a provider of co-working and managed office spaces, has leased over 100,000 square feet for a new center at Sattva Premia, Bellandur, Bengaluru. Shesh Rao Paplikar, founder & CEO of the company, stated, “The new Grade A center strengthens our position in Bengaluru’s business corridor and enhances accessibility and connectivity via HSR and the upcoming Blue Line metro.” The center, which has been leased from Sattva, can accommodate more than 2,000 seats and is designed to meet the rising demand from corporates, enterprises, and Global Capability Centers. Published On Oct 16, 2025 at 04:00…

CommercialLatest Stories

Kerala Fast-Tracks Land Finalization for IT Corridor

THIRUVANANTHAPURAM: The state government is set to finalize land parcels for several IT parks along the proposed Thiruvananthapuram-Kollam IT corridor within the next two months. The corridor, stretching from Technopark Phase III to Kollam alongside the under-construction NH 66, aims to become a new growth hub for the region’s technology ecosystem. Seeram Sambasiva Rao, the special secretary for electronics and IT, confirmed that verification of the identified land is underway and discussions are ongoing. “The process is moving quickly. We will soon finalize the land parcels for the project,” he stated to TOI, highlighting that land acquisition will commence immediately…

CommercialLatest Stories

Strata Sells Express Zone, Mumbai for ₹40 Cr, 13% IRR

NEW DELHI: Strata has successfully exited its Grade A office investment in Express Zone, Goregaon East, Mumbai, for a transaction value of ₹40 crore. The asset was initially purchased in March 2021 for ₹33.6 crore and fully fractionalized among 120 investors, each contributing ₹25 lakh. During the holding period, investors received a total of ₹12.9 crore in rental payments in addition to the exit proceeds. The transaction yielded a 13% IRR with 20% capital appreciation. Express Zone was first leased to ReachLocal. After the lease concluded, Anand Rathi Global Finance acquired the property, facilitating a successful exit. Published On Oct…

CommercialLatest Stories

CLSA Sells 8.4 Lakh WeWork India Shares for ₹52 Crore

Global markets and asset management firm CLSA divested approximately 8.4 lakh shares in WeWork India Management through a bulk deal on Monday, with shares priced at Rs 618.55 each, totaling Rs 52 crore. The transaction was conducted via CLSA Global Markets Pte. LTD – ODI, reflecting a 1.6% discount from the previous Friday’s closing price of Rs 628.65 on the NSE. WeWork Management’s shares took a hit for the second consecutive day, closing at Rs 611.20, down Rs 17.45 or 2.8% from Friday’s closing figure. After debuting on Friday, the stock is now trading at 6% below its issue price…

CommercialLatest Stories

WeWork India Struggles on Trading Debut Amid Valuation Woes

BENGALURU: WeWork India Management shares made their trading debut on Friday, closing down 3% and valuing the co-working space provider at approximately 84.25 billion rupees (around $950 million). Investors expressed concerns regarding high valuations and governance issues. The shares opened just above the IPO offer price of 648 rupees before dipping as much as 5.2% to 614.25 rupees. The company, which licenses its brand from the now-bankrupt WeWork Global, raised approximately $338.16 million in its IPO, which was subscribed 1.15 times, largely driven by institutional interest. “Investors are uncomfortable with the valuation, and WeWork is feeling the pressure,” commented Aishvarya…

CommercialLatest Stories

Crisil Signs 15-Year, ₹600 Crore Lease in Saki Vihar, Mumbai

Certainly! Here’s a rewritten version of the content: Rating agency Crisil Ltd has secured over 2.5 lakh sq ft of office space in the Saki Vihar area of Mumbai through a long-term lease. This agreement, amounting to nearly Rs 600 crore, stands out as one of the city’s largest single-tenant office deals in recent months. The new office spans six floors of the commercial tower Lightbridge, co-owned by the Hiranandani brothers. The lease, which begins on August 31, 2025, extends for 15 years. The location will be branded as Crisil House, Lightbridge, following the company’s identity at its headquarters in…

CommercialLatest Stories

WeWork India IPO Closes at 1.15x Subscribed on Final Day

NEW DELHI: The initial public offering (IPO) of WeWork India Management Ltd was successfully subscribed 1.15 times on the final day of the sale, thanks in large part to institutional investors. The IPO, valued at Rs 3,000 crores, received bids for 2,92,68,328 shares against 2,54,89,748 shares on offer, as reported by NSE data. In the Qualified Institutional Buyers (QIBs) category, the subscription rate reached 1.79 times, while the Retail Individual Investors (RIIs) segment drew 61% interest. The non-institutional investors’ portion saw a subscription of 23%. WeWork India has secured over Rs 1,348 crores from its anchor investors. The company’s issue…

CommercialLatest Stories

₹1.2 Crore Allocated for Thiruverumbur SIPCOT Development

Representative AI image TRICHY: The Tamil Nadu government has earmarked Rs 1.2 crore for the development of roads and water infrastructure at the Thiruverumbur Sipcot industrial park, marking Trichy’s second dedicated industrial area following Manapparai Sipcot. The district administration has selected a 125-acre site near the Trichy Semi-ring Road for the initiative. Sipcot, in collaboration with Guidance TN, the state’s investment promotion agency, intends to allocate the entire park to a key investor in the electronics sector. This development will take place in the Elandapatti and Suriyur villages, adjacent to the Olympic Training Academy. The land was repurposed from the…

CommercialLatest Stories

WeWork IPO Sees 13% Subscription on Day Two

NEW DELHI: The initial public offering (IPO) of WeWork India Management Ltd, a co-working space operator, has seen a 13% subscription rate by the second day of the share sale on Monday. According to NSE data, the IPO has received bids for 3,423,780 shares out of the 25,489,748 shares offered. In terms of investor categories, the Retail Individual Investors (RIIs) segment has been subscribed at 37%, while the Qualified Institutional Buyers (QIBs) and non-institutional investor quotas received 9% and 6% subscriptions, respectively. WeWork India has raised over ₹1,348 crore from anchor investors. The ₹3,000 crore issue will close on Tuesday,…

CommercialLatest Stories

WeWork IPO Sees 4% Subscription on Opening Day

NEW DELHI: WeWork India Management Ltd’s initial public offering (IPO) saw a 4% subscription on its opening day of share sales on Friday. The IPO attracted bids for 1,110,440 shares, compared to the 25,489,748 shares available, according to NSE data. The retail individual investors’ (RII) segment was subscribed at 14%, while both the qualified institutional buyers and non-institutional investors’ segments saw subscriptions of 2% each. WeWork India has secured over Rs 1,348 crore from anchor investors. The company’s Rs 3,000-crore issue will close on October 7, with a price band set between Rs 615 and Rs 648 per share, which…