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 Coworking Posts ₹13.14 Crore Q1 FY27 Profit

NEW DELHI: Smartworks Coworking Spaces reported a net consolidated profit after tax of ₹13.14 crore for the quarter ending June 30, 2026, rebounding from a net loss of ₹4.19 crore in the same quarter of the previous fiscal year. The company’s total consolidated income surged by 44.3% to ₹559.66 crore in Q1 FY27, up from ₹387.98 crore in Q1 FY26. Normalised earnings before interest, tax, depreciation, and amortisation (EBITDA) rose by 74% to ₹107 crore, with the normalised EBITDA margin expanding by 337 basis points to 19.6%. Annualised normalised return on capital employed increased to 21.5% from 12.7%, despite a…

CommercialLatest Stories

Manglam Group to invest ₹1,000 crore in Jaipur-Ajmer project

Representative AI image NEW DELHI: Manglam Group is set to invest ₹1,000 crore in PinkWest, an integrated commercial project located on the Jaipur-Ajmer Highway. This venture is projected to generate approximately ₹1,500 crore in revenue. The project will span around 13 lakh sq ft and will feature a mix of retail spaces, offices, hospitality, dining, entertainment, and lifestyle areas. The development is expected to be finalized by 2029, including 287 retail outlets, 262 office spaces, and a Sheraton hotel with 220 keys by Marriott International. The hospitality aspect of this project is being developed with an investment of around ₹350…

CommercialLatest Stories

315Work Avenue Leases 45,000 sq. ft; Welspun to Novel Jewels 15,232 sq. ft

Representative Image NEW DELHI: 315Work Avenue has leased approximately 45,000 sq ft of managed office space at Bhartiya City, Thanisandra, Bengaluru. This transaction was facilitated by Colliers India, a real estate consulting firm. Currently, the company oversees around four million sq ft of space, which translates to about 80,000 seats across 55 locations in Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. In another announcement, the World Trade Center (WTC)-Thane, managed by Welspun One, has signed Novel Jewels (NJL), part of the Aditya Birla Group, for roughly 15,000 sq ft of space within its Grade-A Urban Distribution Centre (UDC). This facility will…

CommercialLatest Stories

KFin Technologies Leases 2.42 Lakh Sq Ft in Kokapet, Hyderabad

Representative AI image KFin Technologies, a leading registrar and transfer agent (RTA) in India, has secured over 2.42 lakh sq ft of office space in Kokapet, Hyderabad, through a long-term lease totaling nearly Rs 283 crore. The company has finalized five lease agreements with Rajapushpa Realty LLP for this space at Rajapushpa West Avenue, commencing August 1 and spanning 15 years. The total chargeable area amounts to 2,42,742 sq ft across the sixth, 23rd, 24th, and 25th floors. The monthly rent is set at approximately Rs 1.09 crore, equating to a starting rate of Rs 45 per sq ft. These…

CommercialLatest Stories

Smartworks Leases 1,100+ Seats to L&T in Pune

Representative AI Image NEW DELHI: Smartworks Coworking Spaces has strengthened its partnership with L&T Technology Services (LTTS) by adding over 1,100 seats in Pune. With this addition, LTTS’s managed office portfolio with Smartworks has reached over 2,750 seats across various locations. The anticipated rental revenue from these expansions is projected to be around ₹115 crore, with ₹55 crore coming specifically from the Pune expansion over a 60-month period. Clients with more than 1,000 seats account for approximately 37% of its total rental revenue, while enterprise clients contribute about 90% of the company’s overall revenue. Published On Jul 20, 2026 at…

CommercialLatest Stories

Volvo Group Leases 600K Sq Ft Office in Bengaluru

One of the largest transactions in Q2 2026 occurred when the Volvo Group leased 600,000 sq. ft. of office space at Bagmane Capital South in Bengaluru, influenced by geopolitical tensions that have delayed decision-making processes. Bengaluru topped the list for city-wise leasing, holding a 27% share in Q2 2026, while Bengaluru, Pune, and Delhi-NCR together represented 58% of national leasing. “Bengaluru remains India’s premier office market, bolstered by a rich technology workforce, a thriving tech ecosystem, premium office space, and competitive rents. The city accounted for nearly 50% of nationwide pre-commitments this year, indicating occupiers’ readiness to secure top-quality space…

CommercialLatest Stories

Chandigarh to e-auction 20 commercial properties in Manimajra

Representative AI image CHANDIGARH: The Municipal Corporation (MC) of Chandigarh plans to auction 20 commercial properties, including booths and showrooms, in Manimajra to enhance its revenue. A special committee has been set up to determine the reserve prices and finalize the terms for the property disposal. Sources indicate that approximately 80 commercial properties in Manimajra are currently vacant and will be auctioned in phases. The initial group of 20 properties will undergo e-auction following the committee’s assessment. The committee is evaluating multiple parameters to establish reserve prices, with the current collector rate being a significant factor. Bidders will be given…

CommercialLatest Stories

Gov’t Plans Mandatory Energy Ratings for Large Buildings

NEW DELHI: The government has proposed mandatory energy performance ratings for new commercial and institutional buildings with a built-up area of 20,000 square meters or more. This initiative aims to enhance energy efficiency in one of India’s most rapidly growing electricity-consuming sectors. According to a draft notification released by the power ministry to amend the Energy Conservation and Sustainable Building Code, owners of all new large buildings and complexes commencing construction post-notification will be required to obtain an energy rating from the Bureau of Energy Efficiency (BEE) or a registered rating agency. The proposed framework aims to establish a nationally…

CommercialLatest Stories

Lenskart Leases 88,343 Sq Ft Office in Delhi Aerocity

NEW DELHI: Lenskart Solutions has signed a lease for 88,343 sq ft of office space at Worldmark 6, Aerocity, Delhi, from Alborz Developers, as per lease documents obtained from Propstack, a real estate data analytics company. The leased area consists of the entire eighth floor, including Units 1 and 2, designated for office use. This marks a new lease agreement. The lease commenced on April 1, 2026, and spans nine years. Lenskart will begin with a monthly rent of ₹210 per sq ft, resulting in an estimated monthly cost of around ₹1.86 crore. Propstack estimates the overall rental value for…

CommercialLatest Stories

WeWork India Q1 FY27 Net Loss Narrows to ₹4.61 Crore

NEW DELHI: WeWork India Management reported a consolidated net loss after tax of ₹4.61 crore for the quarter ending June 30, 2026, compared to a net loss of ₹14.14 crore in the same quarter last year, as per a regulatory filing. The company’s total consolidated income saw a 28.4% increase, reaching ₹700.74 crore in Q1 FY27, up from ₹545.71 crore in the previous fiscal’s corresponding quarter. Revenue from operations was ₹698 crore for the quarter, reflecting a 28.5% year-on-year growth. Earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 69.3% to ₹138.30 crore, with the EBITDA margin expanding by…