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

Exotica Housing to invest ₹500 crore in Noida project

NEW DELHI: Exotica Housing is set to invest around ₹500 crore in its IT and ITES project, Exotica One32, located in sector 132, Noida. Covering an area of five acres, the project will provide IT and ITES office spaces ranging from 1,000 sq ft to 3,000 sq ft, distributed across two 27-story towers, as well as integrated retail spaces. Currently, office spaces are priced at ₹13,990 per sq ft, with phase-I expected to be ready for occupancy by January 2030. To date, the company has successfully delivered over 4,000 residential units across various projects in Delhi, Ghaziabad, Noida, and Greater…

CommercialLatest Stories

Gujarat WTC Project Transferred to Allottees for Completion

AHMEDABAD: In an unprecedented decision in Gujarat, a committee led by the chief secretary has resolved to transfer a stalled real estate project to the allottees’ association for its completion. This decision involves the World Trade Center (WTC) in GIFT City, where Towers B and C remain unfinished following the arrest of the project’s original promoter by the Enforcement Directorate (ED) over a fraud case. A group of allottees from Tower B is currently forming an association, while those from Tower C have already established one and are in the process of registering a society, according to sources. The handover…

CommercialLatest Stories

Indiqube Spaces Reports ₹17.06 Crore Net Loss in Q3 FY26

NEW DELHI: Indiqube Spaces has reported a net loss after tax of ₹17.06 crore for the quarter ending December 31, 2025, according to a filing with the BSE. The company’s total net income for Q3 FY26 reached ₹411.09 crore. Rishi Das, co-founder and CEO, stated, “With a healthy EBITDA margin of 21% in Q3 FY26, we are optimistic about continued stability in our margins and anticipate a strong closing for the financial year in Q4.” The debt-to-equity ratio improved to 0.15 in Q3 FY26, down from 0.80 in Q3 FY25. ROCE increased to 23% in Q3 FY26, compared to 15%…

CommercialLatest Stories

Sonu Sood Leases Property to HDFC Bank for ₹11.75 Lakh/Month

NEW DELHI: Sonu Sood has leased a commercial space in Trade Centre BKC, Bandra East, Mumbai, to HDFC Bank at an initial monthly rent of ₹11.75 lakh. The lease is for a duration of nine years, starting at ₹11.75 lakh per month for the first three years, followed by a 15% rent increase after each subsequent three-year period. This information is based on property registration documents accessed through Square Yards via the Inspector General of Registration (IGR) website. The agreement was officially registered in February 2026. The lease includes a security deposit of ₹70.50 lakh, three dedicated parking spaces, and…

CommercialLatest Stories

India’s Flexible Office Space Market Set for Major Growth

NEW DELHI: Publicly listed flexible office space operators are poised to account for nearly half of India’s flexible office market, projected to reach 100 million sq ft by year-end. Currently, four operators have gone public, with at least three more IPOs anticipated in this sector. According to the investors’ presentation from Smartworks, Awfis, WeWork, and Indiqube—all listed companies—these firms collectively manage over 30 million sq ft of operational space. Smartworks, boasting 9.2 million sq ft of operational area as of December 2025, is expected to be the first flexible workspace provider to exceed 10 million sq ft by March 2026,…

CommercialLatest Stories

Turner International Leases 46,000 Sq Ft at WeWork Navi Mumbai

NEW DELHI: Turner International India has secured 46,000 sq ft of managed office space at WeWork Gigaplex Airoli, Navi Mumbai, from WeWork India Management. The center is set to accommodate over 650 professionals. Santosh Martin, Chief Revenue Officer, commented, “The evolution from a 16-seat setup in 2022 to over 650 seats today highlights the increasing demand for customized, scalable workspace solutions that blend efficiency with identity.” “In just two years, we’ve expanded our managed office business to 26,000 desks across 1.7 million sq ft, now representing 21% of total revenue, with an annual run rate exceeding ₹530 crore and a…

CommercialLatest Stories

UBS Signs ₹263-Crore Rental Deal for Pune’s Yerwada Tower

Global financial services firm UBS Group AG’s Indian subsidiary has signed a long-term lease for a complete commercial tower in Pune’s Yerwada area with Smartworks Coworking Spaces, with total rental costs exceeding Rs 263 crore. The managed office facility at Tech Park One on Airport Road encompasses approximately 165,290 square feet and accommodates about 1,520 workstations. The lease spans the ground through the seventh floor and began on January 15. According to property registration documents reviewed by RealtyDailyNews, UBS Business Solutions India, the subsidiary based in Zurich, will pay an initial rent of around Rs 240 per square foot per…

CommercialLatest Stories

Standard Chartered Sells BKC Office in Mumbai for ₹197 Crore

MUMBAI: Standard Chartered Bank has divested one of its commercial properties in the Parinee Crescenzo tower located in Mumbai’s Bandra Kurla Complex (BKC) to Advanced Realty for ₹197 crore. The office boasts a chargeable area of 28,516 sq ft and a carpet area of 27,003 sq ft, including 27 parking slots. This sale translates to approximately ₹69,084 per sq ft on the chargeable area. The transaction was officially recorded on February 2, 2026, according to documents obtained via the real estate data analytics platform Propstack. The commercial tower currently accommodates a variety of multinational corporations, banks, financial service companies, and…

CommercialLatest Stories

Hyderabad Office Market to Gain 18-19 Million Sq Ft by FY27: ICRA

NEW DELHI: The office market in Hyderabad is projected to welcome 18-19 million square feet of new Grade-A supply between Q4 FY26 and FY27, according to the rating agency, ICRA. Occupancy rates are expected to remain stable at approximately 82.5-83% by March 2027, driven by consistent demand from IT-BPM and BFSI sectors. Notably, around 23% of the forthcoming supply is already pre-leased. Leasing activity in Hyderabad has demonstrated resilience during the first nine months of FY2026. Within this timeframe, the city added 8.4 million sq ft of new Grade-A office space, with net absorption slightly outpacing supply at 8.5 million…

CommercialLatest Stories

Knowledge Realty Trust’s Q3 FY26 NOI Rises 19%

NEW DELHI: Knowledge Realty Trust has announced a year-on-year net operating income (NOI) growth of 19%, reaching ₹10,407 million, while revenue rose by 21% to ₹11,787 million for the quarter ending December 31, 2025. The company declared distributions totaling ₹6,953 million, equating to ₹1.57 per unit. Shirish Godbole, CEO of Knowledge Realty Trust, stated, “We are pleased to report strong Q3 FY26 operating performance and robust distributions of ₹6,953 million (₹1.57 per unit).” The company leased 0.6 million square feet in Q3 FY26, bringing total leasing for the first nine months of FY26 to 2.4 million square feet. The portfolio…