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

WeWork India Signs 90,000 sq ft Lease in Gurugram

NEW DELHI: WeWork India has heightened its presence in the National Capital Region (NCR) by inaugurating a new center at Atrium Place in Udyog Vihar, Gurugram, thereby adding approximately 90,000 sq ft to its portfolio. The facility spans two floors and accommodates over 1,200 desks, marking the company’s 15th center in the NCR. This new center was launched in collaboration with DLF, with advisory support provided by CBRE. Arnav S. Gusain, Chief of Supply, stated that the company has introduced more than 3,000 desks in the NCR over the last two years, witnessing a 50% rise in enterprise desks within…

CommercialLatest Stories

5 REITs distribute ₹2,450 crore to 3.8 lakh unitholders in Q3 FY26

NEW DELHI: In the third quarter of FY26, India’s five listed Real Estate Investment Trusts (REITs) distributed over ₹2,450 crore to more than 3.8 lakh unitholders. The listed REITs—Brookfield India Real Estate Trust, Embassy Office Parks REIT, Knowledge Realty Trust, Mindspace Business Parks REIT, and Nexus Select Trust—collectively manage a portfolio exceeding 185 million sq ft of grade-A office and retail real estate nationwide. Since their respective launches, these REITs have cumulatively disbursed over ₹29,100 crore to unitholders, demonstrating the growing prominence of this investment vehicle in India’s capital markets. As of Q3 FY26, the total gross assets under management…

CommercialLatest Stories

Chandigarh Launches E-Auction for 100 Commercial Properties

CHANDIGARH: The Chandigarh municipal corporation has initiated the e-auction for over 100 commercial properties throughout the city. The first set of auctions is already underway, with additional properties expected to follow in the next 7-10 days. The available properties include 39 booths in Sector 17, the Smart City office building, 40 booths in Mauli Jagran, and multiple booths at the Sectors 17–22 underpass, along with seven nurseries at various locations. The Smart City office has a reserve rent ranging from Rs 30-35 lakh per month. Nursery prices fluctuate between Rs 70,000 and Rs 90,000 based on size, while subway booths…

CommercialLatest Stories

Uttar Pradesh Mega E-Auction for Commercial Plots

Representative AI image KANPUR: The Uttar Pradesh State Industrial Development Authority (UPSIDA) is pivotal in achieving the state’s goal of becoming a USD 1 trillion economy. Led by Chief Minister Yogi Adityanath, UPSIDA is committed to boosting industrialization by creating a conducive environment for investors. This includes rapid development of industrial zones, high-quality infrastructure, transparent e-auction plot allocations, and modern warehousing and commercial facilities. In line with this initiative, UPSIDA is hosting a Mega E-Auction of commercial and industrial plots in various industrial areas, including Mathura, Amethi, Sambhal, Jhansi, Jalaun, Shahjahanpur, Hamirpur, Lucknow, Hapur, Gautam Buddh Nagar, and Fatehpur. Additionally,…

CommercialLatest Stories

DevX Secures Historic Deal for 27-Storey Ahmedabad Tower

Managed office space provider Dev Accelerator (DevX) has acquired a 27-storey commercial office tower in Ahmedabad, covering 800,000 sq ft, in a deal exceeding Rs 850 crore in total rentals, marking the largest coworking transaction in India. This deal is particularly noteworthy as such a significant agreement is made in Ahmedabad, a deviation from traditional office hubs like Mumbai, Bengaluru, Hyderabad, Delhi-NCR, and Pune. The transaction is structured as a long-term development management (DM) agreement rather than a standard lease. The project is in the construction phase and is expected to be completed within 2.5 to three years. “This reflects…

CommercialLatest Stories

RBI to Permit Bank Lending to REITs with 10% Exposure Cap

NEW DELHI: The Reserve Bank of India (RBI) has suggested allowing commercial banks to extend loans to real estate investment trusts (REITs) that are registered and regulated by the Securities and Exchange Board of India (SEBI). A draft circular has been issued with a set of prudential conditions, including norms related to leverage and security. The new regulations are expected to take effect on July 1, 2026. The central bank indicated that a bank’s total exposure to REITs should not exceed 10% of its eligible capital base, within the overall prudential ceiling for commercial real estate (CRE) exposures. Additionally, banks…

CommercialLatest Stories

Exotica Housing to invest ₹500 crore in Noida project

NEW DELHI: Exotica Housing is set to invest around ₹500 crore in its IT and ITES project, Exotica One32, located in sector 132, Noida. Covering an area of five acres, the project will provide IT and ITES office spaces ranging from 1,000 sq ft to 3,000 sq ft, distributed across two 27-story towers, as well as integrated retail spaces. Currently, office spaces are priced at ₹13,990 per sq ft, with phase-I expected to be ready for occupancy by January 2030. To date, the company has successfully delivered over 4,000 residential units across various projects in Delhi, Ghaziabad, Noida, and Greater…

CommercialLatest Stories

Gujarat WTC Project Transferred to Allottees for Completion

AHMEDABAD: In an unprecedented decision in Gujarat, a committee led by the chief secretary has resolved to transfer a stalled real estate project to the allottees’ association for its completion. This decision involves the World Trade Center (WTC) in GIFT City, where Towers B and C remain unfinished following the arrest of the project’s original promoter by the Enforcement Directorate (ED) over a fraud case. A group of allottees from Tower B is currently forming an association, while those from Tower C have already established one and are in the process of registering a society, according to sources. The handover…

CommercialLatest Stories

Indiqube Spaces Reports ₹17.06 Crore Net Loss in Q3 FY26

NEW DELHI: Indiqube Spaces has reported a net loss after tax of ₹17.06 crore for the quarter ending December 31, 2025, according to a filing with the BSE. The company’s total net income for Q3 FY26 reached ₹411.09 crore. Rishi Das, co-founder and CEO, stated, “With a healthy EBITDA margin of 21% in Q3 FY26, we are optimistic about continued stability in our margins and anticipate a strong closing for the financial year in Q4.” The debt-to-equity ratio improved to 0.15 in Q3 FY26, down from 0.80 in Q3 FY25. ROCE increased to 23% in Q3 FY26, compared to 15%…

CommercialLatest Stories

Sonu Sood Leases Property to HDFC Bank for ₹11.75 Lakh/Month

NEW DELHI: Sonu Sood has leased a commercial space in Trade Centre BKC, Bandra East, Mumbai, to HDFC Bank at an initial monthly rent of ₹11.75 lakh. The lease is for a duration of nine years, starting at ₹11.75 lakh per month for the first three years, followed by a 15% rent increase after each subsequent three-year period. This information is based on property registration documents accessed through Square Yards via the Inspector General of Registration (IGR) website. The agreement was officially registered in February 2026. The lease includes a security deposit of ₹70.50 lakh, three dedicated parking spaces, and…