Commercial Leasing

Leasing of retail space in shopping malls and high streets across India's top eight cities is estimated to rise 15 per cent to nearly 9 million sq ft this year on increased supply amid high demand from retailers, according to Cushman & Wakefield. The leasing of retail spaces stood at 7.8 million sq ft in 2024. Real estate consultant Cushman & Wakefield on Tuesday released the data of retail demand across eight cities -- Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Pune, Hyderabad, and Ahmedabad. The leasing of retail spaces in high-street locations of these eight cities is estimated to increase to 5.4 million sq ft this year from 5.3 million sq ft in 2024 calendar year. The demand of retail spaces in shopping malls increased to 3.8 million sq ft from 2.5 million sq ft during the period under review. The consultant noted that 2025 would see the highest annual absorption of retail spaces since the Covid pandemic that hit India in 2020. "India's retail real estate market is ...

These spaces will be offered on an "as-is-where-is" basis and can be developed into commuter-centric shops, kiosks, and services catering to daily public needs

Crisil expects mall operators to post strong revenue growth in FY26, driven by new mall additions, robust occupancy, reduced GST rates and improved consumption trends

Leasing of industrial and warehousing spaces across eight major cities rose 28 per cent to a record 37 million sq ft during the January-September period of this year, driven by high demand in Delhi-NCR, according to CBRE. The total leasing across the top 8 Indian cities - Delhi-NCR, Bengaluru, Mumbai, Hyderabad, Chennai, Pune, Kolkata, and Ahmedabad - stood at 28.8 million sq ft in the corresponding period of the 2024 calendar year. Real estate consulting firm CBRE, in its latest 'India Market Monitor Q3 2025 Industrial & Logistics' report, highlighted that the Delhi-NCR accounted for the largest share of total leasing activity at 11.7 million sq ft, followed by Bengaluru at 5.7 million sq ft and Hyderabad at 4.6 million sq ft. The three cities accounted for a cumulative share of 59 per cent. Mumbai and Kolkata registered space take-up of 4.2 million sq ft and 3.8 million sq ft, respectively. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa

Office and industrial leasing hit record highs in 9M 2025, led by GCCs and logistics demand, even as housing sales fall 20 per cent across top Indian cities

The lease is for a period of 10 years and will commence on October 1, 2026, the proposed handover date of the property

Leasing of logistics and industrial spaces rose 18.5 per cent in January-March this year to 160 lakh square feet across 24 cities on better demand, according to Savills India. The leasing of industrial and logistics spaces stood at 135 lakh square feet in the year-ago period across 24 tier I-II-III cities. Real estate consultant Savills India data showed that Tier-I cities accounted for 79 per cent of the leasing activities, while Tier-II and Tier-III cities contributed 21 per cent. Tier- I cities include Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR, and Pune. Tier- II and Tier-III cities include Guwahati, Bhubaneshwar, Patna, Hosur, Coimbatore, Rajpura, Lucknow, Jaipur, Nagpur, Surat, Indore, Kochi, Hubli, Vizag, Belgaum and Anantapur. Savills noted that manufacturing segment accounted for 30 per cent of the total absorption of industrial and logistics spaces in January-March 2025, followed by the 3PL (third-party logistics) players at 26 per cent, retail

The region is emerging as one of Bengaluru's fastest-growing secondary business districts (SBD), driven by rapid real estate activity and infrastructure development

Leasing of logistics and industrial (L&I) spaces is estimated at 50-53 million square feet this year across eight major cities on sustained demand, according to Cushman & Wakefield. The leasing of L&I spaces stood at 53.57 million square feet across Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad. Real estate consultant Cushman & Wakefield said that as of October 2024, the leasing volume has already surpassed 41 million square feet across the top-8 real estate markets. "Ever since the Production-Linked Incentive (PLI) scheme was introduced by the government in 2020, the industrial leasing volume witnessed healthy growth. Besides, the strong emergence of retail and e-commerce has led to intense activity in the warehousing space too," the consultant said. For 2025, Cushman & Wakefield foresee the new-normal level of demand to sustain given the widening of the consumption base in India alongside robust industrial

First half of 2024 has witnessed 13 million sq ft of leasing activity, representing a 17 per cent year-over-year growth with Delhi NCR and Chennai leading the charge, says Colliers report

The High Court of Bombay at Goa has ordered a panchayat to stop operations of 175 commercial establishments, including many restaurants and lodges, along the popular Anjuna beach over lack of permissions from various authorities. The division bench of Justices Valmiki Menezes and Mahesh Sonak on Tuesday directed the Anjuna-Caisua panchayat to stop the commercial operations of the structures immediately. The reason for the stoppage of commercial activities through the above 175 structures is that any permissions or clearances from the Town and Country Planning authorities back none of these structures, the Judges said. None of these structures have any completion or occupancy certificate. None of these structures are cleared from the perspective of fire safety, discharge of sewerage, etc, the Bench said. Of these commercial set-ups, the court observed, 45 have some sort of clearance from the Goa Coastal Zone Management Authority (GCZMA). Similarly, about 130 of these 175 structures

Among the sectors, retail leasing was led by fashion and apparel which accounted for around 32 per cent of the total

Furthermore, the efficiency of hydrogen production is low. Most hydrogen is produced from natural gas, which emits large amounts of carbon dioxide

Chennai led the leasing activity in Q3, accounting for 30% share among India's top five cities

Net leasing of office space across seven major cities fell 6.5 per cent to 7.95 million square feet during the April-June period, mainly on lower demand in Bengaluru amid global economic uncertainties, according to JLL India. Net leasing of office space stood at 8.5 million square feet in the year-ago period (April-June 2022), real estate consultant JLL India had said in July last year. Net absorption/leasing is calculated as the new floor space occupied less floor space vacated. Floor space that is pre-committed is not considered to be absorbed until it is physically occupied. As per the data, the net leasing of office space in Bengaluru declined 55 per cent to 1.87 million square feet in April-June from 4.12 million square feet a year ago. Mumbai saw a dip of 26 per cent to 0.98 million square feet from 1.33 million square feet. In Chennai, the net leasing jumped to 1.76 million square feet from 0.53 million square feet. Net absorption of office space grew marginally in Delhi-N

Union Minister Krishan Pal Gurjar on Monday urged the industry to adopt advanced technologies for their operations in order to compete at the global level. The Minister of State (MoS) for Power was speaking at the inauguration of 'Advance Industrial Technology Demonstration Centre' at National Power Training Institute (NPTI) at Badarpur here. "Advance technology is a must for the growth of the country. Today, if we have to compete with the world, we will have to adopt advanced technologies," Gurjar, who is also the MoS for Heavy Industries, said. Reduced consumption of energy will bring the production cost of various industries and help them to compete in the market, he said. NPTI Director General (DG) Tripta Thakur said industries like iron and steel, cement, pulp & paper, and textile together contribute around 30 per cent to the total commercial energy consumption in India. "The institute under the guidance of the Ministry of Power will educate on best practices and technologies

Delhi-NCR led the absorption with 7.3 million sq ft, followed by Mumbai and Bengaluro with 6.1 million sq ft and 5.2 million sq ft, respectively

Delhi-NCR and Pune together accounted for about 70 per cent of the leasing and 60 per cent of total supply

Gross leasing of industrial and warehousing space rose 11 per cent across five major cities to 6.2 million square feet during January-March period

Leasing of industrial and logistics spaces recorded about 13 per cent to 14 million square feet during the January-June 2021 period in eight major cities, on better demand, according to property consultant CBRE. In its latest report, India Industrial and Logistics Market Monitor for H1, CBRE South Asia said that new supply increased five per cent to 11 million square feet (sqft) in the January-June 2021 period compared to the second half of the calendar year 2020. "Leasing activity touched 14 million sq ft in H1 2021 (January-June), a half-yearly growth of more than 13 per cent," the report said. Delhi-NCR and Bengaluru dominated leasing activities and accounted for about 50 per cent of the space absorption in H1 2021. Medium- to large-sized deals (more than 50,000 sq ft) dominated leasing with a share of about 62 per cent during H1 2021, it added. Third-party logistics (3PL) and e-commerce & retail players were major demand drivers. On new supply, Chennai accounted for about ...