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

Shashank Jain Appointed CEO as Alok Aggarwal Retires from Brookfield India REIT

NEW DELHI: The Board of Directors at Brookprop Management Services, which manages Brookfield India Real Estate Trust (Brookfield India REIT), has appointed Shashank Jain as the new Chief Executive Officer and Managing Director, effective July 1, 2026, succeeding Alok Aggarwal. Alok Aggarwal, who has been at the helm since the inception of the REIT, will be stepping down as of the close of business on June 30, 2026, as per a regulatory filing. Jain comes from PwC India, where he served as co-head of the deals practice, bringing over 25 years of experience in real estate, private equity, and mergers…

CommercialLatest Stories

Thiruvananthapuram: Neopolis IT Project Delayed by Expansion Plans

THIRUVANANTHAPURAM: The Neopolis IT township project proposed by the Union government in the capital is expected to face delays, as the Centre plans to revise the scheme significantly by increasing its scope from 10 to nearly 100 cities nationwide. This expansion, aimed at enhancing next-generation IT infrastructure, casts uncertainty over the timeline of the Thiruvananthapuram project. The Neopolis project received preliminary approval from the Union Ministry of Housing and Urban Affairs in December 2024 and is intended for development at Technopark Phase IV. It represents the initial phase of the ambitious Outer Area Growth Corridor (OAGC) project, which aims to…

CommercialLatest Stories

Office Leasing Jumps 15% to 18.3M Sq Ft in Q1 2026: Colliers

NEW DELHI: Office leasing in India’s top seven cities surged 15% year-on-year to 18.3 million sq ft in Q1 2026, fueled by demand from technology companies, BFSI sectors, and global capability centers (GCCs), as reported by Colliers India. Bengaluru and Hyderabad combined accounted for nearly half of the total leasing this quarter, totaling about 8.7 million sq ft. Other key markets, including Mumbai, Delhi-NCR, Pune, and Chennai, saw a steady absorption of 2-3 million sq ft each of Grade A spaces. Arpit Mehrotra, Managing Director of Office Services in India for Colliers, remarked, “India’s office demand exhibits strong resilience, with…

CommercialLatest Stories

Meta’s India arm renews Mumbai BKC office lease for ₹200 crore

Facebook India Online Services, a subsidiary of Meta Platforms Inc., has renewed its office lease at One BKC in Mumbai’s Bandra-Kurla Complex (BKC). This agreement involves a monthly rent of Rs 430 per sq ft, with an overall rental cost exceeding Rs 200 crore. The renewal, effective from December 15, spans five years and encompasses the 5th and 7th floors of the tower, one of India’s pricier commercial locations. The lease covers a car area of 46,678 sq ft, translating to a chargeable space of 70,167 sq ft. The total monthly rent exceeds Rs 3.02 crore at the agreed rate.…

CommercialLatest Stories

Madhuri Dixit Rents Mumbai Commercial Property for ₹2.81 Crore

NEW DELHI: Madhuri Shankar Dixit has leased a commercial unit in One Lodha Place, Lower Parel, Mumbai, at a starting monthly rent of ₹4.25 lakh. The unit covers a carpet area of 67.91 sq meters (731 sq ft) and includes one parking space. The deal was registered with a stamp duty of ₹72,600, registration fees of ₹1,000, and a security deposit of ₹17 lakh, as detailed in property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) website. Officially registered in March 2026, Square Yards’ analysis indicates that the lease spans 60 months (five years). The…

CommercialLatest Stories

Godrej Industries Unit Acquires ₹365 Crore Office in Vikhroli

MUMBAI: Godrej Seeds and Genetics Ltd, part of the Godrej Industries Group’s agri-business sector, has purchased office space across three floors in a commercial tower in Mumbai’s Vikhroli area for a total of Rs 366 crore. The acquisition includes office spaces on the 6th, 7th, and 8th floors of Godrej One, indicating a consolidation of real estate assets within the group. The total carpet area involved in this deal is 70,361 sq ft, with an effective rate of approximately Rs 52,000 per sq ft, as per property registration documents from Propstack, a real estate analytics platform. The transaction was completed…

CommercialLatest Stories

WeWork India Invests ₹31 Crore for 81,166 Sq Ft in Bengaluru

NEW DELHI: WeWork India Management has secured an additional 81,166 sq ft in Bengaluru to enhance its flexible workspace offerings as part of its expansion plans. The new lease is anticipated to accommodate approximately 1,256 desks, with operations expected to begin by May 2026. The company intends to invest around ₹31 crore in this project, which will be financed through internal resources and debt. Additionally, WeWork has expanded its footprint in Pune with a new leave and license agreement for 41,621 sq ft, following a previous agreement for 1,62,665 sq ft made in February 2026. This latest expansion in Pune…

CommercialLatest Stories

Workday Leases 1.94 Lakh Sq Ft in Chennai for GCC Setup

Workday has secured a lease for 194,000 square feet in Chennai to establish a global capability center, marking one of the largest enterprise office commitments in the city with Brookfield Properties. As per the lease documentation from Propstack, the arrangement between Cowrks and Workday consists of two phases featuring different commercial structures. In Phase I, Workday is leasing 100,000 sq. ft. as a managed office across the 3rd and 4th floors of Building 1C at Millenia Business Park, at an all-inclusive monthly rate of Rs. 310.8 per sq. ft. This rate covers warm shell rent, CAM, capex rent, OPEX, signage,…

CommercialLatest Stories

India’s Flex Office Space Tops 100 Million Sq Ft: IT, GCCs Boost Demand

NEW DELHI: India’s flexible office space has surpassed 100 million sq ft, reaching between 110-114 million sq ft from 2020 to 2025, as per a joint report by CBRE and FICCI. This segment has grown at a compound annual growth rate (CAGR) of 23-25% over the last five years, with total inventory nearly tripling during this period, which underscores the increasing significance of flexible workspaces in the country’s office market. Bengaluru holds the largest share of flexible workspace, with 30–32 million sq ft, followed by Delhi-NCR at 21-23 million sq ft and Pune at 13.6-14.6 million sq ft. The demand…

CommercialLatest Stories

Uttar Pradesh Unveils Private Business Park Policy to Attract Global Firms

LUCKNOW: On Monday, the state cabinet approved the Uttar Pradesh Private Business Park Development Scheme-2025. This initiative aims to establish world-class plug-and-play business parks designed to attract global companies, research and development centers, Global Capability Centers, and various operational hubs to the region. The scheme focuses on providing ready-to-use infrastructure for businesses seeking to set up operations swiftly, thereby minimizing the delays and cost overruns often associated with undeveloped facilities. This is expected to significantly boost investment, employment opportunities, and industrial growth, particularly in the services and technology sectors. According to Alok Kumar, additional chief secretary for infrastructure and industrial…