Tag: Commercial real estate

IndustryLatest Stories

Prestige Group’s ₹65,000 Crore Unrecognized Revenue: Chairman

NEW DELHI: Realty developer Prestige Estates Projects Ltd has approximately Rs 65,000 crore in unrecognized revenue, attributed to robust sales of its residential properties over the past three fiscal years. The company reported record sales bookings of Rs 30,024 crore during the 2025-26 fiscal year, marking a 76% increase from the previous year. In an interview with PTI, Chairman Irfan Razack stated, “We have around Rs 65,000 crore in unrecognized revenue on our books. It’s a substantial amount.” Razack noted that the company employs a completion method for revenue recognition, meaning revenue is recorded only after the completion of real…

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

India’s Office Boom Hides a Key Carbon Issue Beyond Buildings

Representative AI image NEW DELHI: The commercial office market in India is expanding at an unexpected rate, with leasing across six major cities surpassing 75 million square feet in 2025, a significant increase from 32 million square feet in 2020, representing a compounded annual growth rate of 19%. Yet, this rapid growth brings a hidden, pressing concern: the carbon footprint associated with outfitting and refurbishing these offices every five to seven years. A recent research report by Savills India indicates that interior fit-outs, often overlooked in discussions about green buildings, may equal or exceed the embodied carbon emissions of the…

IndustryLatest Stories

Signature Global projects ₹35,000 crore cash flow, invests in RMZ

NEW DELHI: Signature Global anticipates generating approximately ₹35,000 crore in free cash flow from its current and future portfolio as the company expands into commercial real estate in partnership with RMZ, according to Chairman and Whole-Time Director Pradeep Kumar Aggarwal. In an exclusive interview with Ankit Sharma, Aggarwal highlighted the company’s confidence in the long-term potential of Gurugram’s Grade A office market and how the RMZ collaboration aims to establish a robust platform for substantial office developments. He noted that their low net debt position, projected to approach zero following this transaction, provides the opportunity to develop long-term, income-generating assets…

CommercialLatest Stories

Mindspace REIT to invest ₹4,185 crore in expansion

NEW DELHI: Mindspace Business Parks REIT plans to invest over ₹4,185 crore in capital expenditures for its ongoing projects from FY26 to FY28, targeting double-digit growth in net operating income (NOI) and net distributable cash flow (NDCF). The company, boasting an under-construction portfolio of 15 million sq ft and completed assets totaling 31 million sq ft, aims to bolster its presence in key cities—Hyderabad, Mumbai, Pune, and Chennai—while also branching out into data centres, hospitality, and mixed-use assets to diversify its revenue streams, as per Ramesh Nair, CEO & MD, in an exclusive interview. Below are edited excerpts: How has…

CommercialLatest Stories

Colliers India Targets ₹1,100 Crore Order Book by 2025

NEW DELHI: Colliers India aims to achieve an order book of ₹1,100 crore by 2025, a significant increase from its revenue of around ₹700 crore last year. The company has reported a strong start to the year, with its leasing division experiencing a growth of 20–25% over 2024. Sankey Prasad, chairman and managing director, expressed in an exclusive interview with ETRealty that the firm is optimistic about India’s commercial real estate sector, noting strong fundamentals and persistent demand amidst global challenges. As part of its global integration strategy, Colliers is setting up a new Global Capability Centre (GCC) in Bengaluru.…