Tag: Commercial real estate in Delhi

CommercialLatest Stories

NBCC sells ₹5,779 crore commercial space in Sarojini Nagar

NEW DELHI: NBCC has successfully completed the e-auction of commercial built-up space available on freehold basis at Bharat Business Park (BBP), Sarojini Nagar, New Delhi. A total of approximately 23.44 lakh sq ft of super built-up area was offered across eight towers. The auction generated a total sales value of about ₹5,779 crore, which reflects the highest bid rates for approximately 14 lakh sq ft auctioned across five towers. The average sale rate recorded during this e-auction was ₹41,207 per sq ft, marking an increase of ₹2,107 per sq ft (5% over the reserve price). The proceeds from this e-auction…

IndustryLatest Stories

NCR Sees 7.2M Sq Ft Office Leasing in H1 2025

NEW DELHI: The National Capital Region (NCR) has outshined other Indian cities in both commercial and residential real estate during the first half of 2025, achieving a record 7.2 million sq ft of office space leased and a significant increase in ultra-luxury home sales, as reported by Knight Frank India. Office Market: Record Leasing Momentum in NCR NCR’s office leasing rose by 27% year-on-year, reaching an unprecedented high and signaling the region’s growing status as a commercial hub. Gurugram, recognized as NCR’s corporate focal point, represented a remarkable 65% of total office leasing, a notable increase of 900 basis points…