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 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…

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…