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

Mumbai: New Commercial Tower Proposed for Mulund Salt Pans

MUMBAI: Navbharat Mega Developers Private Limited has submitted a proposal for the transformation of the salt pans in Mulund, Bhandup, and Kanjurmarg to the Dharavi Redevelopment Authority. This company is the special purpose vehicle responsible for executing the Rs 20,000-crore Dharavi Redevelopment Project (DRP), with the Adani Group holding an 80 percent stake; the firm was previously known as Dharavi Redevelopment Project Private Limited. The proposal outlines the construction of one commercial building and 18 residential towers (all 180 metres high) on the Mulund salt pan, along with a yet-to-be-determined number of towers for Dharavi residents who qualify for rehabilitation.…

CommercialLatest Stories

Telangana CM Orders Officials to Create GCC Policy

File Photo HYDERABAD: On Wednesday, Telangana Chief Minister A. Revanth Reddy directed officials to develop a robust Global Capability Centres (GCC) policy aimed at encouraging companies to set up operations outside the Hyderabad Core Urban Regional Economy (CURE) area. As per the announcement, he urged governmental support for new GCCs to be established along highways in Nizamabad, Karimnagar, and Warangal, which are situated between CURE and beyond CURE areas. The Chief Minister, in collaboration with Minister D. Sridhar Babu, conducted a review meeting concerning various aspects of the IT and Industries departments. This meeting was attended by Chief Secretary K.…

CommercialLatest Stories

WeWork India Reports ₹52.89 Crore Net Profit in FY26

NEW DELHI: WeWork India Management has announced a net consolidated profit after tax of ₹52.89 crore for the financial year 2025-26. The company reported a net consolidated total income of ₹2,490.42 crore in FY26, as stated in a BSE filing. In Q4 FY26, the net consolidated total income was ₹715.35 crore, with a profit after tax amounting to ₹44 crore. WeWork India concluded FY26 with 8.6 million sq ft across 76 centers in 8 cities, and a total committed footprint of 11.6 million sq ft, reflecting a 39% year-on-year increase in signed leases and LOIs. Operational desk capacity reached 126,900…

CommercialLatest Stories

Indiqube Spaces Reports ₹106.34 Crore Net Loss in FY26

NEW DELHI: Indiqube Spaces reported a post-tax loss of ₹106.34 crore for the financial year 2025-26. According to a BSE filing, the company’s total income for FY26 was ₹1,527.51 crore. In the fourth quarter of FY26, the total income reached ₹425.71 crore, with a loss after tax of ₹22.65 crore. Co-founder Meghna Agarwal stated, “Our presence now spans 17 cities, encompassing 130 properties and over 9.66 million sq ft of office space. We added 28,000 seats throughout the year, maintaining a consistent occupancy rate of 88%.” The debt-to-equity ratio improved to 0.08 in FY26, down from 0.9 in FY25. The…

CommercialLatest Stories

India’s Office Boom Hides a Key Carbon Issue Beyond Buildings

Representative AI image NEW DELHI: The commercial office market in India is expanding at an unexpected rate, with leasing across six major cities surpassing 75 million square feet in 2025, a significant increase from 32 million square feet in 2020, representing a compounded annual growth rate of 19%. Yet, this rapid growth brings a hidden, pressing concern: the carbon footprint associated with outfitting and refurbishing these offices every five to seven years. A recent research report by Savills India indicates that interior fit-outs, often overlooked in discussions about green buildings, may equal or exceed the embodied carbon emissions of the…

CommercialLatest Stories

Intuit Signs ₹915 Crore Lease for 6.3 Lakh Sq Ft in Bengaluru

US-based financial software company Intuit has finalized a deal exceeding Rs 915 crore to lease over 630,000 sq ft of office space within a commercial tower in Bengaluru’s Embassy Tech Village. This transaction is among the largest focused on Global Capability Centres (GCC) in the city, underscoring the ongoing strength in India’s office leasing sector, particularly from GCC businesses expanding their engineering, AI, fintech, and product development teams. Intuit has secured approximately 631,978 sq ft across blocks 8A, 8B, and 8C in the tower from Vikas Telecom, a special purpose vehicle of Embassy Office Parks REIT, through a 10-year lease,…

CommercialLatest Stories

Table Space adds 5 lakh sq ft in Hyderabad; TEC expands 4.65 lakh sq ft in South India

Sure! Here’s a rewritten version of the content: NEW DELHI: Table Space, a flexible workspace provider, has significantly expanded its Hyderabad presence with an addition of over five lakh sq ft of managed office space in HITEC City and Kokapet. The company has secured a lease for four lakh sq ft at Grava Business Park to offer managed workspaces and ready-to-occupy suites. Additionally, they have leased 50,000 sq ft at K. Raheja Mindspace IT Park, conveniently located near the Raidurg Metro Station, and 48,000 sq ft at Aparna Technopolis near the HITEC City Metro Station. In other news, The Executive…

CommercialLatest Stories

NABARD Acquires Mumbai Commercial Complex Leasehold for ₹351 Cr

Representative AI image NEW DELHI: NABARD, the premier rural development financial body, has acquired leasehold rights for a commercial complex at BKC, Mumbai for ₹351 crore, as reported by CRE Matrix. According to real estate analytics firm CRE Matrix, the National Bank for Agriculture and Rural Development (NABARD) secured these rights from MTNL for ₹350.72 crore. The registration deed was finalized in May 2026, incurring a stamp duty exceeding ₹21 crore, as confirmed by CRE Matrix after reviewing the documentation. The original lease of 80 years was issued by the Mumbai Metropolitan Region Development Authority (MMRDA) to MTNL, starting from…

CommercialLatest Stories

BuzzWorks Opens 16,000 Sq Ft Office in Mysuru

NEW DELHI: BuzzWorks, the managed office and co-working division of Brigade Group, has officially launched a new 16,000 sq. ft. center on Vinoba Road in Mysuru. The facility can accommodate over 500 workstations and is situated within the Brigade Vantage commercial complex, which spans 1.3 lakh sq ft. Plans are in place to further expand the center by an additional 16,000 sq ft in the near future. Siddharth Verma, the business head, remarked, “This launch is a part of our broader multi-city expansion strategy that we intend to execute during this financial year.” In addition, BuzzWorks is set to expand…