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

IndiQube Spaces Reports ₹30 Crore Loss in Q2 FY26

NEW DELHI: IndiQube Spaces Ltd has reported a net loss of Rs 29.86 crore for the second quarter of this fiscal year, compared to a net loss of Rs 52.52 crore during the same period last year. However, the company’s total income increased to Rs 366.59 crore for the July-September quarter, up from Rs 264.01 crore in the corresponding period the previous year, as per a regulatory filing. IndiQube Spaces Ltd leases office spaces from property owners to set up its centers and then sub-leases workspaces primarily to both domestic and international companies. The firm operates in 16 cities, managing…

CommercialLatest Stories

Qatar National Bank Renews BKC Office Lease at ₹775/sq ft

Representative image Qatar National Bank has renewed its office lease at Maker Maxity’s 4 North Avenue tower in Bandra Kurla Complex (BKC), agreeing to a monthly rental rate of Rs 775 per sq ft. This makes it one of the highest commercial lease rates in India. The renewal covers the ground floor space of 8,079 sq ft and will commence on October 26. This five-year lease includes a clause for a 4.5% rental increase each year. The agreement prohibits either party from terminating the lease during the 60-month term and involves a security deposit of Rs 7.51 crore, according to…

CommercialLatest Stories

Zomato Leases 2.7 Lakh Sq Ft Office in Gurugram

Eternal Ltd’s Zomato has secured a lease for 270,000 sq ft at Tata Realty and Infrastructure’s Intellion Park in Gurugram to expand its office space in the area, according to two sources familiar with the situation. The food delivery service is also in advanced discussions to lease around 1 million sq ft more in Gurugram, with the potential to double this space, which could become one of the largest office leasing agreements in the country. Zomato already occupies a significant office space in the Pioneer Group building within the same vicinity. Details regarding the monthly rent remain undisclosed. Both Zomato…

CommercialLatest Stories

Tidel Park Project Launching in Panjapur, Trichy

TRICHY: Tidel Park Limited, a state-owned enterprise, has established a special purpose vehicle (SPV) in collaboration with the Trichy corporation to develop office facilities for private IT and ITES firms in Panjapur. The corporation has leased approximately 14.1 acres of land adjacent to Panjapur KKBT to the SPV for a duration of 45 years, with the option for extension. In exchange for the land lease rights, the corporation has been allocated equity stakes worth ₹23.7 crore, with the total land value estimated at ₹47.5 crore. Sources indicate that the overall project cost will be around ₹462.5 crore, which includes the…

CommercialLatest Stories

MMRDA Seeks Bids for ₹1,629-Crore Wadala Lease

Representative image MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) is seeking bids for a prime commercial plot of 10,860 sq m (2 acres) in Wadala, with a reserve price set at Rs 1,629 crore. This initiative aims to monetize land outside the nearly fully occupied Bandra-Kurla Complex (BKC). The plot features a permissible built-up area of 1,08,600 sq m and a floor space index (FSI) of 10. The deadline for bid submissions is January 7, 2026. The tender represents MMRDA’s significant move to unlock the commercial potential of the Wadala Notified Area, which is envisioned as Mumbai’s third central…

CommercialLatest Stories

Smartworks Narrows Q2 FY26 Loss to ₹3 Crore

NEW DELHI: Smartworks Coworking Spaces Ltd has successfully reduced its consolidated net loss to Rs 3.13 crore in the second quarter of the fiscal year, primarily due to increased expenses. The company reported a net loss of Rs 15.82 crore during the same quarter last year. Total income rose by 22% to Rs 441.06 crore in the July-September quarter, compared to Rs 360.84 crore during the equivalent period last year, as stated in a recent regulatory filing. Neetish Sarda, Founder & Managing Director of Smartworks, commented, “Our Q2 outcomes highlight the robustness and scalability of our managed campus model. With…

CommercialLatest Stories

Chennai Body to Build Co-Working Spaces in George Town

CHENNAI: In response to the increasing workforce in lower-income neighborhoods, the CMDA plans to establish a co-working space for the Chief Minister on Wall Tax Road in George Town. The CMDA has issued tenders for the construction of a three-storey building that will provide at least 150 workstations across its first two floors. The third floor will feature a canteen and designated dining area. As per the tender details, the ground floor will include a lobby spanning 770 square feet. The first floor will accommodate a work terminal for 75 users within a 1,334-square-foot area, alongside a special lobby for…

CommercialLatest Stories

Brookfield India REIT to Buy 7.7M sq ft Park for ₹13,000 Crore

NEW DELHI: Brookfield India Real Estate Trust (BIRET) announced plans on Tuesday to acquire 7.7 million sq ft of commercial properties in Bengaluru for Rs 13,125 crore as part of its business expansion. The acquisition will be treated as a related party transaction and is expected to be conducted at arm’s length, as stated by the company. In its regulatory filing, BIRET disclosed that the Board of Directors of Brookprop Management Services Pvt Ltd, the trust’s manager, approved the acquisition of up to 100% of the issued and paid-up equity share capital of Arliga Ecoworld Business Parks Pvt Ltd for…

CommercialLatest Stories

Motorola Leases 200+ Seats at Smartworks, Kolkata

Representative image Motorola Solutions has secured over 200 seats at its Kolkata center through a lease with managed office space provider, Smartworks, according to two sources familiar with the matter. The lease spans 60 months, encompassing space within the 110,000 sq. ft. center. In the last quarter, Smartworks expanded by leasing over one million sq. ft. across four major cities. The firm leased significant spaces including 110,000 sq. ft. in Kolkata, 200,000 sq. ft. in Bengaluru, 557,000 sq. ft. in Mumbai, and 165,000 sq. ft. in Pune during the April–June period. As of June 30, 2025, Smartworks’ leased portfolio reached…

CommercialLatest Stories

Qualcomm India Leases 256,000 Sq Ft Office in Bengaluru

Qualcomm India has secured a lease for 256,000 square feet of office space in Bengaluru, marking another significant move for the technology behemoth in India. A lease document obtained from Propstack indicates that this deal, established with Bagmane Developers Private Limited at Constellation Business Park – Virgo, commenced on October 1, 2025. It spans the 5th, 6th, 7th, and 11th floors of this premium commercial facility, situated in one of Bengaluru’s prime tech areas. The agreement details a five-year lease with a rental rate of ₹113 per square foot, amounting to ₹2.89 crore monthly and a total commitment of ₹184…