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

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…

CommercialLatest Stories

IndiQube Spaces Secures ₹314 Crore from Anchors Before IPO

NEW DELHI: IndiQube Spaces, a managed workspace solutions provider, has secured over ₹314.32 crore from anchor investors ahead of its initial public offering, with shares priced at ₹237 each, as reported in an exchange filing. Key investors include Aditya Birla Sun Life MF, Ashoka WhiteOak ICAV, Invesco India ELSS Tax Saver Fund, Motilal Oswal Large Cap Fund, Bandhan Large & Mid Cap Fund, along with others like Max New York Life Insurance, Edelweiss MF, and Citigroup Global Markets Mauritius. Of the 13.26 million equity shares allocated to anchor investors, 8.93 million shares (67.35%) went to eight domestic mutual funds covering…

CommercialLatest Stories

Adani Group to Build Paytm’s IT Complex in Noida

NEW DELHI: Manorview Developers, a subsidiary of Adani Group, has announced plans to develop an IT and ITES complex for One97 Communications, the parent company of the Paytm brand, in Noida, according to a regulatory filing. In 2018, the Noida Authority allocated a 10-acre plot in Sector 159 for this development. The filing indicated, “The company is now taking independent steps to advance the project. The board has approved the proposal to appoint Manorview Developers Private Limited as the Engineering, Procurement, and Construction (EPC) Contractor, pending the execution of definitive agreements.” In January 2024, Paytm’s board approved a Joint Development…

CommercialLatest Stories

Subhash Ghai Leases Mumbai Property for ₹3.38 Lakh/Month

File Photo NEW DELHI: Subash Ghai, along with Crest Ventures and Mukta Arts, has leased a commercial property in Andheri West, Mumbai starting at a monthly rent of ₹3.38 lakh. This commercial space, known as Crest Mukta, spans 7,500 sq ft (697 sq meters). The rental agreement, recorded with a stamp duty of ₹57,500 and registration fees of ₹1,000, involves a security deposit of ₹24.66 lakh, as per documents from the Inspector General of Registration (IGR) reviewed by Square Yards. The contract was officially registered in July 2025. The lease is set for a duration of 60 months (five years),…

CommercialLatest Stories

IndiQube Spaces’ ₹700-crore IPO Launching July 23

NEW DELHI: IndiQube Spaces, a workplace solutions provider, has set a price range of Rs 225 to Rs 237 per share for its Rs 700-crore initial public offering (IPO). The IPO will be open for public subscription from July 23 to July 25, with bidding for anchor investors starting on July 22, as announced by the company. At the upper limit of the price range, the company’s valuation is estimated at nearly Rs 5,000 crore. IndiQube aims to raise Rs 650 crore from a fresh issue, while promoters will sell shares worth Rs 50 crore as part of the offer…

CommercialLatest Stories

WeWork India Receives Sebi Approval for IPO

NEW DELHI: WeWork India, a provider of flexible workspaces, has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The offering will be conducted entirely through an offer for sale (OFS) route, with no new equity issuance as stated in the company’s draft red herring prospectus (DRHP). The IPO includes an OFS of up to 4.37 crore equity shares, each with a face value of ₹10. The selling shareholders, Embassy Buildcon LLP and 1 Ariel Way Tenant, will offload up to 3.34 crore shares and 1.03 crore shares, respectively. Notably, the company…

CommercialLatest Stories

Smartworks Coworking Shares Surge 9% in Market Debut

NEW DELHI: Smartworks Coworking Spaces Ltd’s shares saw a rise of over 9% on Thursday, closing above the issue price of Rs 407. The stock debuted at Rs 436.10, reflecting a 7.14% increase from the issue price on the BSE. It even peaked at Rs 469 during the day, marking a high of 15.23%. Ultimately, shares closed at Rs 445.10, representing a 9.36% gain. On the NSE, it opened at Rs 435, up by 6.87%, and finished at Rs 445.05, a rise of 9.34%. The company’s market capitalization was reported at Rs 5,079.99 crore. In terms of trading volume, 16.77…

CommercialLatest Stories

Executive Centre aims to raise ₹2,600 crore for India IPO

The Executive Centre is set to launch an initial public offering in Mumbai with the potential to raise ₹26 billion ($303 million), as reported by sources familiar with the situation. This move aims to leverage the growing demand for workspace across India. The flexible workspace provider has engaged Kotak Mahindra Capital Co. and ICICI Securities Ltd. to facilitate the listing process. The company intends to submit preliminary documentation, known as a draft red herring prospectus, shortly. Neither the company nor its financial advisors have responded to requests for comment. The Executive Centre will join other companies like Wework India Management…

CommercialLatest Stories

WeWork India Secures Sebi Approval for ₹1,000 Crore IPO

NEW DELHI: WeWork India, a flexible workspace provider, has received approval from the Securities and Exchange Board of India (SEBI) for its ₹1,000-crore initial public offering (IPO). The Bengaluru-based co-working firm, operating under the WeWork brand, is promoted by Enam Securities in India. As per the company’s draft red herring prospectus (DRHP), the IPO consists of a fresh issue of ₹750 crore and an offer for sale (OFS) of ₹250 crore by Enam. Once listed, shares will trade on both BSE and NSE with a face value of ₹10 each. The proceeds from the fresh issue will be allocated towards…