Commercial Property

RMZ acquires 50 per cent stake in subsidiary GCL; partners form joint venture to develop large mixed-use commercial project on Gurugram's Southern Peripheral Road corridor

Godrej Seeds and Genetics acquires over 70,000 sq ft office space in Mumbai's Vikhroli through three transactions, reflecting sustained demand in India's office market

BSM, which currently operates from Powai, manages a diverse fleet of vessels including bulk carriers, container ships, and tankers

The one-acre Andheri project will add 400,000 sq ft of leasable space as House of Hiranandani expands its Mumbai commercial footprint; JLL India advised the transaction

Multinational tenants demand ratings based on digital connectivity, readiness of buildings

Anarock expects short-term dip in housing, retail, and hospitality as conflict dampens confidence, while long-term demand and pricing to stabilise once normalcy returns

These would include low-rise independent floors and residential plots in Sector 98, catering to the growing demand for independent living

New supply of office space declined 1 per cent in the January-March period to 99 lakh sq ft across seven major cities despite high demand, according to Colliers India. The new supply of office space stood at 100 lakh (10 million) sq ft in the year-ago period. As per the data, the new supply in Bengaluru declined 16 per cent in January-March to 37 lakh sq ft from 44 lakh sq ft in the year-ago period. Chennai saw a decline of 33 per cent to 2 lakh sq ft from 3 lakh sq ft. Delhi-NCR saw a more than five-fold jump in new supply to 27 lakh sq ft from 5 lakh sq ft. Hyderabad witnessed a 88 per cent decline in new supply to 3 lakh sq ft from 26 lakh sq ft. In Kolkata, new office supply dipped 50 per cent to 1 lakh sq ft from 2 lakh sq ft. New supply of office space in Mumbai declined 60 per cent to 4 lakh sq ft from 10 lakh sq ft. In Pune, the new supply of office space jumped 2.5 times to 25 lakh sq ft in January-March this year from 10 lakh sq ft in the corresponding period of the .

Realty firm Tribeca Developers has partnered with Kundan Spaces to develop a Rs 2,500 crore worth commercial project 'Trump World Center' in Pune, marking the entry of US-based Trump Organisation in Indian commercial real estate. Tribeca Developers and Kundan Spaces on Wednesday announced the launch of Trump World Center Pune. "This new development marks The Trump Organisation's first foray into commercial real estate in India and will join the extensive portfolio of Trump residential properties in the region," said Tribeca Developers, who brought the Trump brand to India. Trump-branded residential projects are being developed in Pune, Kolkata and Gurugram. The 4.3-acre project is expected to generate sales exceeding Rs 2,500 crore. Spanning over a decade, The Trump Organisation and Tribeca have partnered to bringing iconic properties, including residential and now commercial buildings all throughout India. The project 'Trump World Center Pune' will span over 1.6 million (16 lakh

Investors much conduct their own rigorous due diligence before investing to mitigate risks from this segment

The project may become one of Asia's largest office spaces

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State-owned NBCC (India) Ltd on Thursday said it has completed the sale of commercial properties worth around Rs 14,800 crore in the national capital on behalf of the government. In a regulatory filing, the company said it has completely sold office space inventory at World Trade Center (WTC) project in Nauroji Nagar. It has also sold 100 per cent retail and commercial space at Downtown Sarojini Nagar. On behalf of the government, NBCC is re-developing Nauroji Nagar, Sarojini Nagar, and Netaji Nagar, while CPWD is executing the other four colonies -- Kasturba Nagar, Thyagraj Nagar, Srinivaspuri, and Mohammadpur. The funds for the redevelopment of these seven colonies is being generated by NBCC through the sale of commercial space at Nauroji Nagar and Sarojini Nagar. Elaborating more, NBCC said in the WTC project at Nauroji Nagar, it has sold a total unsold inventory 1.81 lakh sq ft of commercial space for Rs 908.48 crore during the 27th e-auction. Of the total area sold, about 1.2

Realty firm M3M India on Friday reported a 37 per cent increase in sales of residential and commercial properties in the June quarter to Rs 3,911 crore on strong demand. Its sales bookings stood at Rs 2,854 crore in the year-ago period. Out of total sales bookings in the April-June period of the current fiscal, Rs 2,972 crore pertained to the housing segment and Rs 940 crore to commercial properties, the company said in a statement. During the first quarter of this fiscal, M3M India said the total sales bookings in Gurugram stood at Rs 2,415 crore, while Noida projects contributed Rs 402 crore. Sales of residential plots at Panipat in Haryana were Rs 1,094 crore. Sudeep Bhatt, President, M3M India, said the company has reported "robust growth in our Q1 results for 2024-25, demonstrating our commitment to delivering high-quality real estate solutions". "With a strong pipeline of ultra-luxury projects lined up for launch in FY25, we are confident of sustaining this momentum and ...

Bhive noted the launch of a new facility on the 7th floor of Summit B, complementing its existing office in Summit A

The development is playing out as the commercial market struggles to right itself after years of turbulence due to higher interest rates and volatile post-pandemic occupancy rates

Office leasing has surpassed pre-pandemic levels, driven by the growth of global capability centres (GCCs) and flexible office spaces

The company said consolidated net profit came in at 274.8 million rupees ($3.30 million) for the three months ended March 31

Co-working space operator Awfis Space Solutions Ltd on Tuesday said it has mobilised a little over Rs 268 crore from anchor investors a day before its initial share-sale opening for public subscription. The company has allotted 70.13 lakh equity shares to 32 funds at Rs 383 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website. At this price, the firm has collected Rs 268.61 crore, it added. Those who participated in the anchor round include -- Goldman Sachs, EastBridge Capital Master Fund, HDFC Mutual Fund (MF), ICICI Prudential MF, Axis MF, UTI MF, Aditya Birla Sun Life Insurance Company and SBI General Insurance Company. The issue, with a price band of Rs 364-383 per share, will open on May 22 and conclude on May 27. The proposed initial public offering (IPO) is a combination of fresh shares of Rs 128 crore and an offer for sale (OFS) of 1.23 crore shares worth Rs 471 crore at the upper end of the price band. This takes the tot

Global Capability Centers (GCCs) drive India's office space demand, holding a 37% share in overall leasing activity for Q1 2024