CommercialLatest Stories

Delhi-NCR Office Occupancy Set to Exceed 80% by FY27: ICRA

NEW DELHI: The grade-A office market in Delhi NCR is witnessing robust growth, with occupancy levels expected to reach 80.5-81.0% by March 2027, per ICRA, a rating agency. Since March 2023, occupancy has surged significantly, climbing 600 basis points to 78.6% by September 2025. This increase is largely attributed to strong net absorption outpacing new supply over several years. In FY2025, net absorption totaled 11.4 million sq ft, notably exceeding the 7.4 million sq ft of new supply. This trend has continued into the first half of FY2026, with net absorption reaching eight million sq ft compared to 7.3 million…

CommercialLatest Stories

India office leasing remains steady at 75.2 million sq ft in 2025

NEW DELHI: By the end of 2025, India’s office market demonstrated stability, with gross leasing across six key cities reaching 75.2 million sq ft, consistent with the previous year, as reported by Savills India. Bengaluru, Delhi-NCR, and Mumbai were the standout markets, collectively representing nearly 61% of the total office leasing activity. Despite uncertainties in the global economy, demand showed resilience, bolstered by new market entrants and the expansion of global capability centers (GCCs). Savills projects a positive outlook for 2026, driven by sustained interest from GCCs, technology firms, and the BFSI sector, although the robust supply pipeline may slightly…

Latest StoriesResidential

Hyderabad Home Registrations Surge 25% in November 2025

NEW DELHI: In November 2025, residential property registrations in Hyderabad soared 25% year-on-year and 12% month-on-month, reaching the highest monthly volume recorded in the year, according to Knight Frank India. A total of 6,923 residential units were registered during this month, resulting in a combined transaction value of ₹4,904 crore. This represents a 40% year-on-year increase in value, indicating growing ticket sizes and consistent demand for premium housing. The spike in registrations was primarily driven by interest in the premium housing segment. Properties priced above ₹1 crore saw an 87% year-on-year increase in registrations, comprising 21% of total registrations, up…

Latest StoriesResidential

Premium Home Prices Surge 36% in 2025, Driven by New Builds

NEW DELHI: In 2025, India’s premium residential market experienced significant price increases, with capital values rising by as much as 36% year-on-year in major cities. A report by Savills India attributes this surge to ongoing construction projects, enhanced infrastructure connectivity, and consistent end-user demand. The report highlights a more pronounced price increase in the under-construction premium segment. This is reflective of elevated launch prices, escalating construction and land costs, and a growing interest in amenity-rich homes. In Mumbai, under-construction premium residences saw a year-on-year price increase of 20–30%, while Noida recorded the steepest hike of 9–36%. Gurugram experienced a growth…

CommercialLatest Stories

Flexible Workspace Stock to Exceed 100M Sq Ft by 2027

Representative AI image NEW DELHI: India’s flexible workspace market is poised for significant growth over the next two to three years. Flex office space across the top seven cities is expected to exceed 100 million sq ft by 2027, rising from 72.3 million sq ft in 2025, as reported by Colliers India. As operators continue to expand, the percentage of flex space in the overall office market is projected to increase from 8.5% in 2025 to 10.5% by 2027. This growth will be fueled by rising enterprise demand, with the average annual seat uptake anticipated to grow by 25% to…

IndustryLatest Stories

Private Equity in Indian Real Estate Soars 59% to $6.7B by 2025

NEW DELHI: Private equity investments in India’s real estate sector saw a significant surge in 2025, with total capital deployment reaching $6.7 billion (₹593 billion), reflecting a 59% increase from the previous year, as reported by Savills India. The investment figure encompasses equity investments made through private channels, structured debt deals by alternative investment funds (AIFs), and non-convertible debenture (NCD) issuances. Foreign investors maintained a dominant presence, responsible for 76% of total private equity inflows. Savills highlights the recovery as being driven by improved regulatory transparency via RERA, developers’ balance sheet consolidation, and a stronger emphasis on asset-level performance. The…

Latest StoriesRegulatory

Mumbai Court Orders Eviction of Trespassers from NRI’s Apartment

MUMBAI: The Bombay City Civil Court has concluded a 15-year legal dispute, granting eviction of trespassers from the Dahisar apartment of an NRI businessman, Suresh Basantani. Judge BD Pawar ruled in favor of Basantani, who had learned his home was “resold” and occupied while he was living abroad. Judge Pawar emphasized that once a registered agreement is executed and the title is transferred, the seller loses any rights to the property. He stated, “As defendant Nos 1 and 2 (Siddhivinayak Builders and promoter) already transferred the title of the suit flat to the plaintiff, they could not transfer it again…

InfrastructureLatest Stories

Gujarat to Launch AI Research Organization at GIFT City

Sure! Here’s a rewritten version: Representative AI Image AHMEDABAD: On Tuesday, Gujarat Chief Minister Bhupendra Patel granted in-principle approval for the establishment of the Indian AI Research Organisation (IAIRO) to enhance research and development in artificial intelligence. The initiative will be executed through a collaboration involving the state and central governments, along with the Indian Pharmaceutical Alliance (IPA), following a Public-Private Partnership (PPP) model, as per the official announcement. The Gujarat government has undertaken this project to promote R&D in AI, aiming to boost the national AI ecosystem under the guidance of Prime Minister Narendra Modi and the Chief Minister.…

Latest StoriesRegulatory

Calcutta HC: KMC Can Fix Unsafe Buildings in Disputes

KOLKATA: The Calcutta High Court ruled on Dec 23 that civil disputes would not hinder the renovation of a building designated as ‘dilapidated’ or ‘unsafe’ by the KMC. The court stated, “The residents, including tenants and nearby individuals, could face substantial risk if the Corporation’s order is not executed.” The challenge arose from the trial court’s decision to lift an interim order in a civil suit regarding a 1/6th property share, brought before the division bench of Justices Sabyasachi Bhattacharyya and Supratim Bhattacharya, which also contested transfer deeds issued by the building owners. After the lower court issued the interim…

InfrastructureLatest Stories

Lucknow body demolishes 12 illegal sites in Gudamba, Kakori

LUCKNOW: The Lucknow Development Authority (LDA) intensified its crackdown on unauthorized development on Tuesday, demolishing 12 construction sites located in illegal colonies in the Gudamba and Kakori areas, covering approximately 43.75 acres. The enforcement teams from Zones 5 and 3 operated under the direction of LDA Vice-Chairman Prathamesh Kumar. According to officials, the Zone 5 team dismantled constructions, including boundary walls and site offices, at four illegal plots in Kapasi village of Gudamba. These sites, totaling nearly 12.5 acres, were reportedly being developed by individuals including Manoj Pal, Mohammad Siddiqui, Ramesh Kumar Pal, and Lal Bahadur. The operation was overseen…