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 Leases 8.15 Lakh Sq Ft at Eastbridge, Mumbai

NEW DELHI: Smartworks Coworking Spaces has secured over 8.15 lakh sq ft of workspace at Eastbridge, a commercial project by Regalia Office Parks, located in Vikhroli West, Mumbai. This center is set to open in Q4 of 2026. Regalia Office Parks is part of the commercial office division of the Niranjan Hiranandani Group. Recently, Smartworks also leased 5.57 lakh sq ft at Tata Realty’s Intellion Park in Navi Mumbai, and operates six office campuses across India, each exceeding five lakh sq ft. Published On Nov 3, 2025 at 02:30 PM IST Join a community of over 2M industry professionals. Subscribe…

CommercialLatest Stories

Mangaluru: ₹135 Crore Tender for Tech Park in PPP Model

MANGALURU: Often called the ‘Silicon Beach of India’, the city will soon see its first purpose-built tech park at Survey No. 129-1A, Blueberry Hills Road, Derebail. The Karnataka State Electronics Development Corporation (KEONICS) has initiated a tender process, with submissions open from October 29 to December 15. This project aims to create a commercial office tech park featuring grade-A building specifications, under a public-private partnership (PPP) model. The development and management will follow a design-build-finance-operate-transfer (DBFOT) approach, with the project’s value estimated at Rs 135 crore, which is expected to generate approximately 11,000 jobs. According to the transaction adviser for…

CommercialLatest Stories

Table Space leases 540k sq ft of workspaces in NCR

NEW DELHI: Table Space has successfully leased more than 540,000 sq ft of office space throughout the National Capital Region (NCR). The company has launched new centers at Worldmark 4, Aerocity in Delhi, as well as at DLF Downtown, Godrej GCR, Atrium Place, and Good Earth Business Bay II in Gurugram. With this latest expansion, Table Space’s portfolio in NCR has surpassed 2.2 million sq ft, having leased over 50,000 sq ft at Worldmark 4. The DLF Downtown center, located in DLF City Phase-III, encompasses over 85,000 sq ft across two floors, while the Godrej GCR center on Golf Course…

CommercialLatest Stories

Office Rentals in Top 7 Cities Jump 6% Yearly by 2025: Anarock

NEW DELHI: Office rental prices in the top seven cities increased by 6% year-over-year, rising from approximately ₹85 per sq ft in the first nine months of 2024 to around ₹90 per sq ft in the same period of 2025, per Anarock Research. Average vacancy rates experienced a slight decline of 3% annually, decreasing from 16.70% in the first nine months of 2024 to 16.20% in 2025. Chennai stands out with the lowest office vacancy rate among top cities at 8.90%. Office space absorption jumped 34%, increasing from about 31.31 million sq ft in 2024 to approximately 42 million sq…

CommercialLatest Stories

Starlink Leases Office Space in Mumbai’s Chandivali

Representative image Elon Musk’s Starlink Satellite Communications Pvt Ltd has taken a significant step in its expansion plans by leasing office space in the Chandivali suburb of Mumbai. This move is part of Starlink’s strategy to establish a presence in India as it aims to secure regulatory approvals and start operations in the country. This marks the first reported office space leased by Starlink in Mumbai, an important development as the company intensifies its efforts in India. The company has signed a lease for a ground floor area at the Boomerang commercial property in Chandivali, with the lease set for…

CommercialLatest Stories

Andhra Pradesh Fast-Tracks IT Cluster Park in Kadapa

TIRUPATI: The Andhra Pradesh government, which has been promoting Visakhapatnam as the IT and AI capital of the state, is fast-tracking the establishment of an IT cluster park at Kadapa’s district headquarters. Confirming this development to TOI, Kadapa TDP legislator and government whip Reddeppagari Madhavi Reddy noted that a land parcel has already been identified for the proposed IT cluster park at the Kadapa constituency headquarters. “Since coming to power in 2024, the TDP-led NDA government has implemented a decentralized development model. This is evident as different regions in the state are being highlighted as specific hubs: Visakhapatnam as the…

CommercialLatest Stories

Illegal Commercial Complex Torn Down in Meerut’s Residential Area

Representative Image MEERUT: Following a Supreme Court directive, the Uttar Pradesh Housing Development Board took action to demolish an unauthorized commercial building located on a residential site in Meerut on Saturday. The structure was situated in the Central Market area of Shastri Nagar. “The demolition took approximately five hours, and most of the structure has been removed. The building is currently sealed, and efforts will continue on Sunday morning,” stated Rajiv Kumar, Superintendent Engineer of the Uttar Pradesh Awas Vikas Parishad, to PTI. He also mentioned that there has been no pushback from those involved. On December 17, 2024, the…

CommercialLatest Stories

Nagpur’s Kachipura to Host BKC-Style Commercial Hub & Housing

NAGPUR: Union Minister Nitin Gadkari announced plans for a cutting-edge commercial hub in the city, inspired by Mumbai’s Bandra Kurla Complex (BKC). This hub will be constructed on 19 hectares of encroached land at Kachipura, currently owned by Dr. Panjabrao Deshmukh Krishi Vidyapeeth (PDKV). The area, historically occupied by the Kachi community who subleased space for eateries and informal businesses, is set to be transformed into a modern urban center with a focus on inclusive development. Speaking at a casual Diwali gathering, Gadkari mentioned, “All encroachers known as ‘Kachis’ have lost their cases in court. We will provide alternative housing…

CommercialLatest Stories

Google Secures 617,000 Sq Ft Office in Gurugram

NEW DELHI: Google, the American tech powerhouse, has secured a lease for 617,000 sq ft at Atrium Place Gurugram, a collaboration between DLF and Hines. This deal stands out as one of the largest office space transactions this year, according to two sources familiar with the matter. Details regarding the lease duration and financial arrangements remain undisclosed. This agreement follows Google’s prior lease of 550,000 sq ft at a commercial complex in Gurugram through managed workspace provider Table Space. “Google is deeply committed to India and is expanding its office spaces accordingly,” one of the sources noted. “The company has…

CommercialLatest Stories

How Negligence Devastated Mumbai High-Rise Offices

File photo MUMBAI: A fire broke out on Thursday in a 13-story commercial building in Jogeshwari, which reportedly violated safety regulations and lacked an Occupation Certificate. Firefighters took 8-10 engines and numerous personnel four hours to control the blaze at JSM Business Center in Behrambaug. Thankfully, there were no fatalities, though 27 individuals were rescued and treated for suffocation symptoms at Jogeshwari Trauma Hospital. The cause of the fire is still unknown, but tenants claim that the builders made unauthorized alterations throughout the structure. Additionally, a functional fire-fighting system was notably absent. The fire at JMS Business Owners Association started…