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

Embassy REIT Aims for 13M sq ft in Acquisitions to Boost Income

BENGALURU: Embassy Office Parks REIT, India’s first publicly listed real estate investment trust, is assessing a pipeline of 12-13 million sq ft, with around 4 million sq ft from its sponsor, as it aims to expand its portfolio and improve long-term income visibility. This decision comes after raising Rs 9,800 crore in capital during FY26 and establishing a Rs 4,000 crore development pipeline, positioning the REIT to acquire yield-accretive, income-generating Grade A assets. The trust’s real estate portfolio surpasses 50 million sq ft. “We are actively assessing a pipeline of approximately 12-13 msf… Inorganic growth will continue to be crucial…

CommercialLatest Stories

WeWork India seals ₹475 crore office deal with TMUS in Hyderabad

NEW DELHI: WeWork India Management has signed a managed office agreement with TMUS India for a workspace encompassing approximately 250,348 sq ft in Hyderabad, marking a significant expansion in the region. The agreement includes the provision of 1,507 workstations across five floors at Phoenix H10. The contract spans a duration of 60 months, with a committed period of 42 months, amounting to a total value of around ₹475.49 crore, excluding taxes. As part of this agreement, WeWork will oversee the design, development, and management of the office space, with completion expected by May 2026. This initiative follows an earlier announcement…

CommercialLatest Stories

Onward Workspaces Leases 165,000 sq ft to Accenture in Noida

NEW DELHI: Onward Workspaces, a provider of co-working and managed office spaces, has leased 165,000 sq ft of office space to Accenture in Sector 132, Noida. The workspace, which occupies eight floors at Ace Capitol, includes 1,460 workstations. Currently, the company manages over 800,000 sq ft of workspace across the Delhi NCR region. Onward Workspaces is also developing a co-working center at ECE House on KG Marg in Connaught Place, which will span approximately 17,000 sq ft. Published On Mar 20, 2026 at 03:30 PM IST Join the community of over 2 million industry professionals. Subscribe to our newsletter for…

CommercialLatest Stories

Delhi to Map, Audit Fire Safety of Commercial Units Citywide

NEW DELHI: Delhi Home Minister Ashish Sood has mandated a third-party mapping and fire safety audit of all establishments in the capital, including those in residential areas, in response to the recent fire in Palam that resulted in nine fatalities. Sood instructed that third-party experts be engaged to evaluate fire safety compliance throughout the city. “This initiative aims to pinpoint deficiencies in safety measures and ensure compliance with established norms across commercial facilities in mixed-use environments,” he stated. “Every worker and every family deserves to feel safe, no matter where they are,” Sood emphasized, adding that the government plans to…

CommercialLatest Stories

Quest Coworks buys 57,000 sq ft office in Andheri, Mumbai

Representative Image MUMBAI: Quest Coworks, a flexible workspace provider, has acquired over 57,000 sq ft of office space from Capgemini Technology Services India at Akruti Softech Park, located in MIDC’s Marol Industrial Area, Andheri (East). The transaction is valued at Rs 55.83 crore. This deal, registered on March 16, includes five office units across multiple floors of the commercial property, with a total stamp duty of Rs 3.58 crore paid by the buyer. The largest unit, measuring 11,885 sq ft on the fourth floor, was purchased for Rs 11.52 crore and incurred a stamp duty of Rs 72.38 lakh. The…

CommercialLatest Stories

US Bancorp Discusses 650K Sq Ft Lease in Chennai for GCC

BENGALURU: US Bancorp is negotiating to lease over 650,000 sq ft of office space in Chennai as it establishes its first global capability center (GCC) in India, marking a significant entry into the country’s flourishing offshore operations sector. The proposed office will be located at Embassy Tech Splendid, a commercial campus owned by Embassy Office Parks REIT, using a build-operate-transfer service model with Cognizant Technology Solutions, according to sources involved in the discussion. Under this arrangement, Cognizant will initially manage the center before transferring full operations to the bank. The estimated monthly rental is between Rs 4.5-5 crore, indicating a…

CommercialLatest Stories

WeWork India to add 4,100 desks in Bengaluru with ₹60 crore

NEW DELHI: WeWork India Management has finalized two lease agreements in Bengaluru to enhance its flexible workspace offerings, adding over 4,100 desks across more than 246,000 sq ft of office space, as stated in a regulatory filing. The company has secured leases for 95,351 sq ft and 151,201 sq ft of space in separate transactions, with operations expected to commence by June 2026. WeWork plans to invest around ₹60 crore: ₹28 crore for the first facility and ₹32 crore for the second, funded through a combination of internal resources and debt. This expansion will introduce approximately 1,829 desks in one…

CommercialLatest Stories

TCS Expands Chennai Presence to 7.79 Lakh Sq Ft with New Lease

BENGALURU: Tata Consultancy Services (TCS) has expanded its office presence in Chennai to around 779,000 sq ft with a new lease of 147,000 sq ft at Ozone Techno Park. This move further establishes the city as a strategic hub in TCS’s delivery network across India. The lease agreement, made with Platinum Holdings Private Limited, encompasses space on the fourth and fifth floors of the IT park located on Old Mahabalipuram Road (OMR). According to Propstack, the lease will begin on October 1, 2025, for a duration of 53 months, with a rental rate of Rs 45 per sq ft per…

CommercialLatest Stories

Prayagraj Junction: Future Major Commercial Hub with 7 Floors for Lease

Representative AI image PRAYAGRAJ: Prayagraj Junction is poised to become a significant commercial hub as part of its redevelopment initiative. The railway authorities are getting ready to lease a substantial portion of the newly constructed station building to private investors for a period of 45 years. This redevelopment project, costing approximately Rs 960 crore, is one of the largest in the country. The Rail Land Development Authority (RLDA) has released an e-tender for the commercial development of the seven floors in the newly built nine-storey structure on the Civil Lines side of the station. Commercial activities will be permitted from…

CommercialLatest Stories

Punjab to Develop Mohali as Tier-I IT Hub

CHANDIGARH: A session focused on Information Technology and IT-enabled Services took place on the final day of the Progressive Punjab Investors’ Summit 2026, positioning Punjab as a leading hub for tech investments and digital progress. During the session, Seema Bansal, vice-chairperson of the Punjab Development Commission (PDC), stated, “The Punjab government is committed to establishing Mohali as a Tier 1 town within the IT sector.” “The state administration is prioritizing key areas like governance, academia, and infrastructure to realize this vision,” she added. Bansal also noted that several manufacturing firms in the state have begun incorporating AI technologies into their…