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

Flex Offices: From Startup Solution to Key Enterprise Strategy

BENGALURU: Flexible workspaces are increasingly recognized not just as temporary solutions for startups but as essential elements of enterprise real estate strategies, driven by GCC expansion, hybrid work models, and the demand for operational agility, industry leaders stated on Tuesday. This insight emerged during a panel discussion at the RealtyDailyNews Realty & Beyond Summit in Bengaluru, where experts analyzed the transformative impact of flexible offices and managed spaces on the future of commercial real estate. The panel included prominent figures such as Mattew Parambil, Vice President & Head – Revenue at COWRKS; Utkarsh Kawatra, CEO & Co-Founder at MyHQ; Sitanshu…

CommercialLatest Stories

Tech Mahindra Leases 400,000 Sq Ft Office in Hyderabad

Tech Mahindra Ltd has secured nearly 400,000 sq ft of office space in Hyderabad through a long-term lease, marking one of the year’s largest office leasing transactions in the city. This move underscores the persistent demand for premium workspaces among tech companies. The IT services giant has leased the entire 12th, 13th, 14th, and 15th floors in Blocks A and B at Aparna IT Hub located in Kondapur village, Serilingampally Mandal, Ranga Reddy district, Telangana. The lease covers 397,497 sq ft and has a starting monthly rental of ₹3.06 crore, which equates to ₹77 per sq ft per month, according…

CommercialLatest Stories

Demand Steady Despite Decline in Institutional Office Supply

India’s office market is experiencing a significant shift. Developers, institutional investors, and REIT-backed platforms are increasingly opting for leasing arrangements instead of selling assets, reshaping the commercial real estate landscape and reducing the availability of premium office spaces across the country’s leading property markets. Data from CRE Matrix reveals that single owners and REITs collectively account for 72% of the nation’s 1,085 million sq ft ready office inventory, with properties under multiple ownership structures comprising 27% of the total stock. The trend is evident in the 550 million sq ft of planned or under-construction inventory, where 61% is managed by…

CommercialLatest Stories

Report: Office REITs Could Reach 30% Penetration by 2030

NEW DELHI: According to a report by Colliers India, office REIT penetration in India could rise from approximately 19% to 25-30% by 2030. The report predicts that industrial and warehousing InvIT penetration may increase from around 4-5% to 7-10% by 2030, driven by a pipeline of institutional-grade assets and market formalization. As of March 2026, the operational portfolio of listed REITs and InvITs has surpassed 195 million sq ft, with an anticipated pipeline of about 37 million sq ft. Office assets constitute around 84% of the operational portfolio of listed REITs and InvITs in India, and retail and industrial segments…

CommercialLatest Stories

Knowledge Realty Trust plans to raise ₹2,000 crore through NCDs

NEW DELHI: Knowledge Realty Trust intends to raise up to ₹2,000 crore via non-convertible debentures and commercial papers, as revealed in a regulatory filing. The borrowing committee of Knowledge Realty Office Management Services, which manages Knowledge Realty Trust, approved this proposal in a meeting held on June 17, 2026. The trust will issue up to ₹1,000 crore in listed, rated, secured, redeemable, non-convertible debentures through a private placement. The NCDs will have a face value of ₹1 lakh each and may be issued in one or multiple transactions, series, or tranches to eligible investors. The committee also sanctioned raising an…

CommercialLatest Stories

Gurugram: Demolition of illegal buildings starts on Galleria Road

GURUGRAM: The enforcement wing of the Department of Town and Country Planning (DTCP) demolished 13 unauthorized commercial structures on land designated for residential use in Chakkarpur, near Hamilton Court Society on Galleria Road. The demolition occurred under strict security, supported by personnel from the Sector 29 police station. Among the structures removed were a chemist shop, pet shop, and a scrap dealer’s unit. District Town Planner (Enforcement) Amit Madholia led the operation alongside duty magistrate Naveen Barua, assistant town planners Divya Dahiya and others from the enforcement team. This anti-encroachment drive concludes a legal battle that lasted over 20 years.…

CommercialLatest Stories

Target Corp leases 830,000 sq ft office in Bengaluru for 10 years

US retail giant Target Corporation has secured over 8.3 lakh sq ft of office space at Embassy Manyata Business Park in Bengaluru through a long-term leasing agreement, which involves an estimated rental commitment of roughly Rs 1,250 crore. This move highlights the ongoing growth of global capability centers (GCCs) in India’s tech hub. Target Corporation India, the company’s local subsidiary, has leased space spanning the ground and 10 upper floors of a newly constructed commercial building at Embassy Manyata Business Park in Nagavara from Embassy Office Parks REIT. The lease began on September 1, 2025. The lease is a new…

CommercialLatest Stories

Kochi’s Real Estate Thrives with Rising Office and Retail Demand

KOCHI: The commercial capital of Kerala is currently experiencing a real estate surge, driven by increasing demand for office and retail spaces. According to the latest Q1 2026 (January-March) report from a global property consultancy, Kochi has seen a significant 18% quarter-on-quarter increase in office leasing activity. In the first three months of 2026, Kochi recorded a net absorption of 0.11 million (1.1 lakh) square feet of office space, indicating a shift in business preferences toward decentralized, cost-effective hubs outside saturated tier-1 metros. The momentum is particularly strong in the city’s peripheral IT corridors, especially Kakkanad and surrounding areas, which…

CommercialLatest Stories

JSW Realty Gets ₹1,600 Crore Loan from Tata Capital for Mumbai Project

JSW Realty, the real estate division of the JSW Group, is in advanced negotiations to secure a loan of Rs 1,600 crore (approximately $169 million) from Tata Capital Ltd., a shadow lender, as per sources familiar with the matter. The company is looking to obtain this five-year loan to finance an office development near Mumbai’s Bandra business area. The sources, who requested anonymity due to the private nature of these discussions, indicated that the loan interest rate is likely to fall between 9% and 11% per annum, whereas the yield on current five-year government bonds stands at 6.47%. The terms…

CommercialLatest Stories

Air India Repairs to Cost ₹181 Crore, Last Six Months

MUMBAI: The state government plans to invest approximately ₹181 crore to renovate and repair the recently acquired 22-storey Air India building located at Nariman Point. Officials estimate that the renovation will take around six months, after which state government offices will relocate to this building. The acquisition cost the state government about ₹1,601 crore. A structural audit conducted last week by the state public works department (PWD) indicated that substantial repairs and renovations are necessary. “We will issue two separate tenders—for construction and electrification. The tender process is currently in progress, and we aim to complete the renovation within six…