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

GCCs Adopt ‘Hub Plus One’ Plan to Reduce Concentration Risks

Recent data indicates that at least 20% of new investments into global capability centers (GCCs) over the next couple of years will adopt a “hub plus one” strategy. This approach allows firms to expand from metropolitan areas into tier-II cities. “Establishing a second delivery center reduces the risks associated with over-reliance on a single location,” stated Vikram Ahuja, cofounder of ANSR, an organization that assists clients in setting up GCCs nationwide. “Advancements in both physical and digital infrastructure are making these cities increasingly viable for global delivery.” Experts reveal that this model is rapidly gaining traction due to factors like…

CommercialLatest Stories

Incuspaze Leases 300,000 Sq Ft Office Space in Jaipur

NEW DELHI: Incuspaze, a provider of flexible office spaces, has acquired 300,000 sq ft across three properties: The Edge on Tonk Road, Sitapura Campus in Sitapur, and GT Landmark in Malviya Nagar, Jaipur. Sanjay Chatrath, co-founder and managing partner of Incuspaze, stated, “With India experiencing a rise in Global Capability Centre (GCC) activities beyond major metros, cities like Jaipur are crucial for the next phase of enterprise decentralization and digital transformation.” As part of its 2024 growth plan, the company has entered major metros such as Bengaluru, Chennai, Mumbai, and Pune, while expanding in Delhi NCR and Lucknow, aiming to…

CommercialLatest Stories

Spring House Workspaces Opens 28,000 sq ft in Saket, Delhi

NEW DELHI: Spring House Workspaces, a provider of managed office spaces, has unveiled its latest center, covering over 28,000 sq ft at Southern Park Mall in Saket, New Delhi. This facility can accommodate around 450 individuals, featuring 300 desks and 33 private cabins, tailor-made for startups, remote teams, consultants, and expanding businesses. “We invested between ₹800 and ₹2,500 per sq ft for this center, depending on the level of interior work required—from renovations to complete bare-shell fitouts,” stated Mukul Pasricha, founder & CEO of the company. The average price per seat in the Delhi market is approximately ₹12,000 plus taxes,…

CommercialLatest Stories

IndiQube Spaces IPO Oversubscribed 12.33x on Closing Day

NEW DELHI: IndiQube Spaces Ltd’s initial public offering (IPO) was subscribed 12.33 times by the close of bidding on Friday. The IPO received bids for 21,14,96,292 shares, significantly surpassing the 1,71,48,335 shares available, as reported by NSE data. The portion for Qualified Institutional Buyers (QIBs) saw a subscription rate of 14.35 times, while Retail Individual Investors (RIIs) subscribed 12.55 times. The Non-Institutional Investors category saw a subscription rate of 8.24 times. On Tuesday, IndiQube Spaces announced that it raised over ₹314 crores from anchor investors. The Bengaluru-based firm’s ₹700-crore IPO features a price band of ₹225-237 per share, putting its…

CommercialLatest Stories

Mindspace REIT buys Q-City in Hyderabad for ₹511.8 crore

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has fully acquired Mack Soft Tech (MSTPL), which operates ‘Q-City’, a 0.81 million sq ft commercial property located in Hyderabad’s Financial District, for ₹511.8 crore. The acquisition was executed via Horizonview Properties, an asset special purpose vehicle of Mindspace REIT. The property will be rebranded as ‘The Square, 110 Financial District’ and currently boasts a 65% occupancy rate. The move bolsters Mindspace REIT’s presence in Hyderabad to over 16 million square feet overall. Ramesh Nair, CEO and MD of the company, remarked, “Acquiring the property at an 11.6% discount to an independent…

CommercialLatest Stories

Executive Centre India to raise ₹2,600 Cr via equity shares

NEW DELHI: Executive Centre India, part of the TEC Group and a provider of flexible workspaces, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). The IPO involves a fresh issue of equity shares with a face value of ₹2 each, totaling up to ₹2,600 crore. The company aims to use the net proceeds to invest in its direct subsidiary, TEC Abu Dhabi, for part-payment of acquiring TEC SGP and TEC Dubai, which are currently held by one of its corporate promoters, TEC Singapore. The remaining funds will be used for general…

CommercialLatest Stories

EFC (I) reports Q1 FY26 net profit of ₹46.67 crore

NEW DELHI: Pune-based EFC (I) has announced a remarkable 195.94% rise in its net consolidated profit for the quarter ending June 30, 2025. The company’s profit after tax (PAT) reached ₹46.67 crore in Q1 FY26, compared to ₹15.77 crore during the same quarter last year, as reported in a BSE filing. The net consolidated total income for the company stood at ₹223.25 crore in Q1 FY26, reflecting a growth of 112.05% from ₹105.28 crore recorded in the corresponding period last year. In the leasing segment, EFC (I) added 145,000 sq ft of space in Q1 FY26, which equates to an…

CommercialLatest Stories

Indiqube Spaces IPO Sees 87% Subscription on Day 1

NEW DELHI: The workplace solutions provider, IndiQube Spaces Ltd, saw an 87% subscription rate on its initial public offer (IPO) during the first day of bidding on Wednesday. According to NSE data, the IPO attracted bids for 1,50,00,111 shares against the 1,71,48,335 shares available. The portion for Retail Individual Investors (RIIs) was subscribed 3.41 times, while the subscription for non-institutional investors reached 78%. The quota allocated to Qualified Institutional Buyers (QIBs) saw a 6% subscription. On Tuesday, IndiQube announced that it had raised over Rs 314 crore from anchor investors. The Rs 700-crore IPO will conclude on July 25, with…

CommercialLatest Stories

PwC India Launches Sixth NCR Office in Gurugram

NEW DELHI: Consulting firm PwC India has launched a new office in Gurugram, spanning 125,000 square feet as part of its expansion initiative. In a recent announcement, PwC India revealed the opening of its new office in ‘DLF Downtown 4’, making it the sixth office in the NCR region. This new location boosts PwC India’s total capacity in the Delhi-NCR area to nearly 8,000 personnel. With a workforce of about 30,000 across 20 cities, PwC India continues to grow. Sanjeev Krishan, the Chairperson of PwC in India, stated, “The launch of our sixth office in the NCR signifies the ongoing…