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

Incuspaze Purchases iKeva

NEW DELHI: Incuspaze, a provider of managed workspaces, has completed a 100% acquisition of iKeva, a workspace operator with locations in Hyderabad and Bengaluru. This strategic move is expected to contribute approximately ₹100 crore to the company’s revenue. iKeva operates 18 centers, totaling five lakh square feet across Hyderabad and Bengaluru. Incuspaze plans to expand its office space by an additional five lakh square feet by FY27. The company aims for a revenue target of ₹1,000 crore by FY28–29 and is set to prepare for an IPO within the next 24 to 36 months. Published On Jun 8, 2026 at…

CommercialLatest Stories

MCD to Seal Unauthorised Commercial Buildings in South Delhi

NEW DELHI: The Municipal Corporation of Delhi (MCD) will begin sealing unauthorized commercial buildings in the South Zone starting Thursday, following a tragic fire that claimed the lives of 21 individuals, including 11 foreigners, at the Flourish Stay bed-and-breakfast hotel in Malviya Nagar on Wednesday. According to officials, the devastating fire occurred in a Lal Dora village area, involving a building first constructed in the 1980s and then rebuilt in 2012-13. The hotel primarily served patients visiting a nearby hospital. Officials indicated that of the 35 injured, 19 remain in critical condition across various hospitals in Delhi. They noted that…

CommercialLatest Stories

Disney India Leases 175,000 Sq Ft Office in Bengaluru

Representative AI Image MUMBAI: Disney (India) has secured approximately 1.75 lakh sq ft of office space in Bengaluru’s Bellandur area via a long-term lease, highlighting the ongoing demand for premium office spaces from multinational companies in India’s largest office market. With the agreed rental rates and a 15% escalation after three years, Disney’s total rental obligation over the five-year lease term is projected to be around Rs 127.84 crore, effective from February 1. The company has leased 1,74,959 sq ft across the sixth and seventh floors of RMZ Ecoworld Series 20, owned by Vismaya Infrastructure. The monthly rental is set…

CommercialLatest Stories

Maharashtra Govt buys Air India Mumbai building for ₹1,601 Cr

File Photo MUMBAI: On Tuesday, the Maharashtra government officially acquired the renowned Air India building, a standout feature of Mumbai’s skyline, for Rs 1,601 crore. The agreement transfer between Air India Assets Holding Company and the state Public Works Department (PWD) was finalized in the presence of Chief Minister Devendra Fadnavis, following a cabinet meeting at ‘Mantralaya’, the state secretariat. Attendees included Deputy Chief Minister Sunetra Pawar, Tourism Minister Shambhuraj Desai, Public Works Minister Shivendrasinhraje Bhosale, Chief Secretary Rajesh Agrawal, Additional Chief Secretary (PWD) Milind Mhaiskar, Mumbai City Collector Anchal Goyal, and Air India officials. Built in 1974, the iconic…

CommercialLatest Stories

Airbnb Leases 46,437 Sq Ft Office in Gurugram’s DLF Cyber City

NEW DELHI: Airbnb Global Capability Center has secured a lease for 46,437 sq ft of office space in DLF Cyber City, Gurugram, from DLF Cyber City Developers, according to Propstack, a real estate data analytics firm. The leased area is situated on the 21st floor of Tower A in Building No. 5 of DLF Cybercity, covering a usable area of 32,506 sq ft. The lease, effective from October 1, 2025, has a duration of five years, with Airbnb agreeing to pay a rent of Rs 132.5 per sq ft monthly, totaling Rs 61.53 lakh each month. This results in an…

CommercialLatest Stories

Asia Pacific Real Estate Investments Up 19% in Q1 2026

NEW DELHI: Real estate investments in the Asia Pacific region surged by 19.2% year-on-year in Q1 2026, according to a report by Savills. This growth was driven by a positive shift in investor sentiment, a rebound in office transactions, and stronger cross-border capital flows, although activity was primarily focused on core markets and income-generating assets. Prime office investments saw a significant rise of approximately 25.7% year-on-year during this period, led by major cities like Tokyo and Singapore, where vacancies decreased and rents increased. Additionally, industrial and logistics properties continued to attract capital throughout the region, bolstered by demand from AI-driven…

CommercialLatest Stories

Flexible Workspace Earnings Rise on Strong Demand, Premium Shift

RealtyDailyNews Intelligence Group reports that the four publicly traded companies in the flexible workspace sector—WeWork India Management, Smartworks Coworking Spaces, IndiQube Spaces, and Awfis Space Solutions—concluded FY26 with strong performance. This success is attributed to persistent demand from global capability centers, a trend toward premium office spaces, and increased adoption of managed office formats. These firms achieved double-digit revenue growth alongside margin improvements, projecting over 20% growth in the current fiscal year. Margin enhancements are primarily due to the maturation of centers and scaling efficiencies rather than pricing, as fixed costs are diluted over a larger occupancy base. Further margin…

CommercialLatest Stories

Smartworks to invest ₹70 crore for 4.92 lakh sq ft office in Bengaluru

NEW DELHI: Smartworks Coworking Spaces has secured a lease for 4.92 lakh sq ft at Sattva Aura in Bengaluru. The company announced that the expansion will necessitate an investment of approximately ₹70 crore, which will be financed through internal accruals or proceeds from an issue. As of March 31, 2026, Smartworks reported a leased capacity of 13.7 million sq ft and an operational capacity of 10.1 million sq ft, achieving an operational capacity utilization rate of 82%. With a total footprint of 16.1 million sq ft across 66 centers in 15 cities throughout India and Singapore, the company generated revenues…

CommercialLatest Stories

Pune Office Leasing Declines, Rents Rise Amid Supply Shortage

PUNE: Demand for office space in Pune saw a decline in the first quarter (January-March) of 2026, with net absorption dropping to 1.1 million sq. ft. from 2 million sq. ft. in the same period last year, according to Anarock data. Experts believe this decrease stems from the strong leasing activity in 2025, rather than a structural slowdown. P. Vilas, head of operations at Knight Frank India’s Pune branch, mentioned that although leasing has slowed down, Global Capability Centers (GCCs) still play a significant role in driving demand, accounting for 55% of Pune’s office market, well above the 47% average…

CommercialLatest Stories

Grade-A office vacancy could drop 50 bps this fiscal: Crisil

NEW DELHI: Vacancy rates in India’s Grade A commercial office space are projected to decrease by approximately 50 basis points, landing between 15.5% to 16% by the end of the current fiscal year, as forecasted by Crisil Ratings. This reduction is anticipated to stem from robust net leasing growth and the completion of ongoing projects. Notably, vacancy rates have consistently dropped by around 50 basis points annually over the past two fiscal years. Net leasing is expected to rise by 6-7% this fiscal, largely driven by flexible workspace operators responding to increased occupier demand. Additionally, global capability centres are predicted…