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

Grade-A Office Absorption Up 5% to 13.5M Sq Ft in Q1 2026

NEW DELHI: In Q1 2026, net absorption of grade-A office space in India’s top seven cities reached 13.5 million sq ft, reflecting a 5% increase from 12.9 million sq ft in the same period last year, as reported by Anarock Research & Advisory. Bengaluru led the way with a remarkable net absorption of 4.77 million sq ft, a 67% rise compared to 2.85 million sq ft in Q1 2025. Hyderabad followed closely with 2.95 million sq ft, marking a 64% year-on-year increase, while Chennai saw an absorption of 1.05 million sq ft, a 50% uplift. Kolkata also experienced growth, recording…

CommercialLatest Stories

Uber secures 900,000 sq ft Hyderabad office in 10-year lease

Ride-hailing company Uber has secured over 9 lakh sq ft of office space across 10 floors in Hyderabad’s commercial corridor, committing approximately Rs 839 crore in a long-term lease that spans 10 years. This transaction is among the largest office leasing agreements in India, highlighting the ongoing growth of global capability centers (GCCs) and technology firms in Hyderabad’s real estate market. Uber India Systems has leased around 901,115 sq ft of chargeable office area occupying floors 11 to 20 in Tower 1 of Meenakshi Eco Park, a commercial project by Meenakshi Infrastructures. The lease officially began on January 9, 2026.…

CommercialLatest Stories

Bagmane Prime Office REIT Debuts at 3.5% Premium

NEW DELHI: Bagmane Prime Office REIT, backed by Blackstone, made a strong debut on the stock market on Thursday, listing with a premium of 3.5% over its issue price. On the NSE, the unit debuted at ₹103.50, marking a 3.5% increase from the issue price of ₹100, before settling at ₹103.10. On the BSE, the unit opened at ₹103.40, up by 3.4% from the issue price. The company’s market capitalization reached ₹35,071 crore on the NSE. Bagmane Prime Office REIT’s ₹3,405-crore initial public offering (IPO) was oversubscribed 23.71 times by the end of bidding on May 7, reflecting robust investor…

CommercialLatest Stories

Knowledge Realty Trust’s NOI Soars 18% in FY26

NEW DELHI: Knowledge Realty Trust reported an 18% increase in its net operating income (NOI) to ₹4,048.4 crore, resulting in an NOI margin of 88%. The board of directors of Knowledge Realty Office Management Services, the managing entity of Knowledge Realty Trust, has approved a distribution of ₹7,165.99 million/₹1.616 per unit for the quarter ending March 31, 2026. This distribution includes ₹4,350.15 million/₹0.981 per unit as dividends, ₹917.92 million/₹0.207 per unit as interest (minus applicable taxes), ₹1,889.05 million/₹0.426 per unit for debt repayment, and ₹8.87 million/₹0.002 per unit. The net asset value (NAV) of the trust was declared at ₹123.61…

CommercialLatest Stories

Knowledge Realty Trust Secures ₹500 Crore via Commercial Papers

NEW DELHI: Knowledge Realty Trust has successfully raised ₹500 crore through the issuance of commercial papers, as reported in a BSE filing. The borrowing committee of Knowledge Realty Office Management Services, which manages Knowledge Realty Trust, has approved the placement of 10,000 listed, rated, redeemable, and rupee-denominated commercial papers. The papers have a face value of ₹5 lakh each and were issued for a total principal amount of ₹500 crore. The issued commercial papers are set for a duration of 91 days starting from May 12, 2026, and have been offered in dematerialized form on a private placement basis, issued…

CommercialLatest Stories

Brookfield India REIT’s NOI Soars 23.8% in FY26

NEW DELHI: Brookfield India Real Estate Trust (Brookfield India REIT) reported a 53% year-on-year increase in net operating income, reaching ₹742.9 crore in Q4 FY26. For the financial year 2025-26, the income grew by 23.8% year-on-year to ₹2,291.3 crore. The board of directors of Brookprop Management Services, the manager of Brookfield India REIT, announced a distribution of ₹4,564.35 million (₹5.50 per unit) for the quarter ending March 31, 2026. This includes ₹1,327.81 million (₹1.60 per unit) as interest on shareholder loans, CCDs, and NCDs; ₹2,456.45 million (₹2.96 per unit) for the repayment of SPV debt and NCDs; ₹730.30 million (₹0.88…

CommercialLatest Stories

Micro Mitti unveils IT park on 2.3 acres in Indore

NEW DELHI: Micro Mitti has unveiled its new IT park project, Cybercity, spanning around 2.30 acres in Indore, Madhya Pradesh. With a built-up area of approximately 6.28 lakh sq ft, the development will include 77 office units and 13 retail spaces, offering flexible office layouts ranging from 2,500 sq ft to 10,000 sq ft. The project is set to primarily function as a leasing-focused commercial ecosystem. It boasts a total leasable area of around 4.48 lakh sq ft and plans to monetize nearly 20 percent of its inventory at an estimated rate of ₹9,100 per sq ft. The company is…

CommercialLatest Stories

Boston Scientific leases 130,000 sq ft office in Pune’s Wakad

MUMBAI: Boston Scientific, a global leader in medical technology, has secured over 130,000 sq ft of office space in Pune through a long-term lease of nearly 9.5 years, emphasizing the sustained interest from multinational companies in expansive office campuses in major tech hubs. Boston Scientific Technology and Engineering Services has leased 130,682 sq ft on the sixth and seventh floors of Eon West LP II, Tower D, located in Wakad, Pune. The lease also includes an option to lease the eighth floor until March 2027, suggesting potential future expansion at the site. The office space was leased from Wakad Realty…

CommercialLatest Stories

WorkEZ Grows Office Space Portfolio to 1.7 Million Sq Ft

NEW DELHI: Work Easy Space Solutions (WorkEZ), a provider of managed office spaces, has expanded its portfolio to nearly 1.7 million sq ft across 12 active buildings and two upcoming projects. The company has introduced new centers in Chennai and Kochi, and is also committed to development in Coimbatore. In Chennai, they have added 65,000 sq ft at Phoenix One National Park. Meanwhile, in Kochi, a partnership with Lulu Developers has added another 70,000 sq ft to their portfolio. Sunil Reddy, managing director and founder of WorkEZ, stated, “We have consistently expanded our portfolio while maintaining strong occupancies and building…

CommercialLatest Stories

MediaTek Rents 1.04 Lakh Sq Ft in Noida for ₹144 Crore

NEW DELHI: BPTP has leased around 1.04 lakh sq ft of office space to MediaTek, a Taiwan-based semiconductor firm, at its Grade-A commercial site, Capital City in Sector 94, Noida. This site marks MediaTek’s second research and development (R&D) center in India. The estimated transaction value, based on the agreed commercial terms, is approximately ₹144 crore over a 10-year period. A spokesperson from MediaTek stated, “The new R&D facility in Noida aligns with our goals to enhance our talent pool and bolster our research capabilities.” BPTP Capital City offers about 7.80 lakh sq ft of office and mixed-use space, designed…