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

UrbanVault Signs 80K Sq Ft Lease at Manyata Tech Park, Bengaluru

NEW DELHI: UrbanVault, a workspace solution provider, has leased an 80,000 sq ft space at Manyata Tech Park in Bengaluru from Embassy Group. The center accommodates over 2,000 seats, with prices starting at Rs 10,000 per seat per month. Notable clients secured for the center include Cloud Odyssey, Pioneer, and SRM Tech. Amal Mishra, CEO of UrbanVault, stated, “We are dedicated to aggressive investments for our national expansion, particularly targeting high-potential micro-markets throughout India.” This expansion increases the company’s portfolio to over 2.58 million sq ft, managing over 42,000 seats across Bengaluru, Pune, Gurugram, and other key cities. The company…

CommercialLatest Stories

Applied Materials leases 8.06 lakh sq ft office for ₹855 crore

BENGALURU: Applied Materials, a semiconductor equipment manufacturer, has secured a lease for 8.06 lakh sq ft of office space at ITPB in Whitefield, amounting to Rs 855 crore over a decade. Karnataka’s IT/BT Minister Priyank Kharge shared this update on ‘X’, noting that this facility will accommodate the company’s expanding operations in the city and support the establishment of their Innovation Center for Semiconductor Manufacturing. This is set to be a pioneering R&D fab with an investment of Rs 4,851 crore, creating approximately 1,500 jobs. “From our visit to their US headquarters in 2023 to ongoing discussions through 2024, along…

CommercialLatest Stories

WeWork India Leases 22,700 sq ft to Chargebee in Chennai

NEW DELHI: WeWork India Management, a flexible workspace provider, has leased 22,000 sq ft to Chargebee, a global billing and monetization company, at WeWork Ramanujan Intellion Park in Chennai. Earlier in 2025, Chargebee relocated its office from Ireland to WeWork 5 Harcourt Road in Dublin. In July 2025, WeWork India secured leases for two centers: WeWork EON Free Zone in Pune and WeWork Ramanujan Intellion Park in Chennai. The Chennai location occupies three floors within the Littlewood Tower, offering 150,000 sq ft of space and 2,400 desks, while the Pune center features 60,000 sq ft in Kharadi. WeWork India is…

CommercialLatest Stories

Apple Grows Hyderabad Footprint with 64,000 Sq Ft Lease at WaveRock

Representative Image Apple India has demonstrated its commitment to Hyderabad by leasing an additional 64,125 square feet at WaveRock Tower 2.1, a prominent business park located within the city’s IT corridor. This expansion underscores Apple’s strategic focus on enhancing its operations in India, particularly in Hyderabad, which serves as a key hub for its technology and development initiatives. Documents reveal that Apple India Private Limited has inked a new lease agreement with TSI Business Parks (Hyderabad) Private Limited, the landlord and co-developer of the Special Economic Zone (SEZ). The lease encompasses parts of the underground floor and the 3rd floor…

CommercialLatest Stories

CapitaLand to sell Chennai unit leased to Apple vendor

Representative image created by AI NEW DELHI: CapitaLand, based in Singapore, is in the process of divesting an industrial unit in Chennai, currently leased to Pegatron, a major Apple supplier, as confirmed by sources familiar with the situation. The 750,000 sq ft asset is anticipated to secure around ₹600 crore, with Brookfield, Hines, and Hillhouse Capital among the bidders selected. CapitaLand is currently seeking board approval for a new round of bidding. “The property is on a long-term lease and is highly valuable due to the manufacturing of Apple products there. The CapitaLand board is reviewing the bidding process following…

CommercialLatest Stories

Greater Noida Plans to Double FAR to Draw Companies

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has proposed changes to its Building Regulations from 2010, specifically aiming to revise the floor area ratio (FAR) for plots designated for IT, IT-enabled services (ITES), and Biotech Parks. The proposal to increase the FAR from 2 to 4 has been submitted to the state government for approval. According to Additional CEO Prerna Singh, both current allottees and prospective companies have expressed the need for a higher FAR. Representatives from IT and ITES sectors argue that the existing FAR of 2 does not suffice, given the area’s rapid development into a hub…

CommercialLatest Stories

Jet Airways to Transfer Mumbai Office Lease for ₹370 Crore

NEW DELHI | MUMBAI: Jet Airways, which is in the process of liquidation, announced on Wednesday that it has signed an agreement to transfer its office lease in Mumbai for over Rs 370 crore. The lease transfer is pending approval from the Mumbai Metropolitan Region Development Authority (MMRDA) and will be executed in accordance with the Insolvency and Bankruptcy Code (IBC) and Liquidation Regulations, as stated in a regulatory filing. After 25 years of service, the once-renowned Jet Airways halted its operations in April 2019 due to financial challenges, leading lenders to initiate resolution processes under the IBC. During the…

CommercialLatest Stories

REITs in India’s office market could reach 30% by 2030: Colliers

NEW DELHI: According to Colliers India, the penetration of Real Estate Investment Trusts (REITs) in India’s office segment could rise from the current 16% to 25–30% by 2030. The report reveals that about 500 million sq ft (msf) of office assets in the country are suitable for REIT listing. Currently, 133 msf have been included under four operational office REITs, with an additional 371 msf of Grade A office space identified for potential future listings. Big Opportunities in SBDs The report underscores significant potential for REIT expansion, noting that 371 msf of Grade A office assets—46% of the current stock—could…

CommercialLatest Stories

TCS Signs ₹2,130 Crore Lease for 1.4M Sq Ft in Bengaluru

Mumbai-based Tata Consultancy Services (TCS) has secured a new lease for 1.4 million square feet of office space at 360 Business Park in Electronic City. This represents one of the largest office transactions in Bengaluru in recent years. Lease documents obtained by TOI through Propstack indicate that the agreement includes Towers 5A and 5B, consisting of 6.8 lakh square feet in Tower 5A and 7.2 lakh square feet in Tower 5B. The landlord for this space is Labzone Electronics City Pvt Ltd. The agreement is structured in two phases. The first phase, which encompasses the ground floor plus seven floors,…

CommercialLatest Stories

360 ONE acquires 50% of Bluegrass Business Park for ₹2,400 Cr

Representative image created by AI NEW DELHI: 360 ONE Asset has acquired a 50% interest in Bluegrass Business Park from Brookfield Asset Management’s private real estate fund (Brookfield). The property, a two million sq ft office development located in Kalyani Nagar, Pune, was purchased for an estimated enterprise value of ₹2,400 crore (approximately $280 million). Occupying seven acres, Bluegrass Business Park includes a one million sq ft operational tower leased to Mastercard, alongside an office tower currently under construction that will feature street retail. Brookfield will maintain responsibility for the management, development, and leasing of the property. Shardul Amarchand Mangaldas…