Commercial Property

Bernhard Schulte's India arm buys Mumbai office space for ₹304 crore

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

House of Hiranandani to invest ₹500 cr for premium office tower in Andheri

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

DLF to Tata Realty: Real estate majors begin checking in digital ratings

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

Continued border tensions may dent housing and commercial realty: Anarock

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

One Group to invest Rs 1,200 cr in residential, commercial Mohali projects

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

Office supply down 1% across top 7 cities despite rise in demand: Colliers

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 .

Tribeca, Kundan Spaces to develop Rs 2,500 cr project under 'Trump' brand

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

Commercial real estate offers higher rental yield, but beware the risks

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

CPPIB, RMZ to invest $750 million in commercial project in Mumbai

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

Ambrosia Galaxy Nears Possession: A New Benchmark for Commercial Spaces in Baner

.

NBCC sells commercial properties worth Rs 14,800 cr in Delhi on govt behalf

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

M3M India reports 37% increase in real estate sales in June quarter

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 expands footprint in Brigade Metropolis, signs 2nd lease of 42k sq ft

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

Commercial properties become stranded across Europe poor energy performance

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

Commercial real estate has bounced back after Covid-19 pandemic blues

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

TeamLease Q4 results: Net profit rises 14% on general staffing strength

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

Awfis Space Solutions garners Rs 268 cr from anchor investors ahead of IPO

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

Commercial real estate rents surge 20% in Bengaluru, Pune, NCR, and Mumbai

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

Coworking firms take on lease 3.1 mn sq ft office space in Jan-Mar: CBRE

Leasing of office space by co-working centre operators grew 7 per cent to 31 lakh square feet during the January-March period across nine major cities amid rising demand for flexible workspaces from corporates, according to CBRE. Co-working firms had taken on lease 29 lakh square feet of office spaces from property owners in the year-ago period. In its latest report on the Indian office market, real estate consultant CBRE noted that flexible operators became second largest contributor to the total gross demand for office spaces during the quarter ended March 2024. Flex space operators took on lease 22 per cent of the total gross office leasing of 144 lakh square feet during the January-March period this year. Flexible space operators take on lease office spaces from real estate developers and then sub-lease the areas mainly to domestic and global corporates. Delhi-NCR, Chennai, and Bengaluru were the most preferred cities for the flex operators. Technology companies directly taki

25 global retail brands likely to enter India in 2024: Real estate analysts

Trend will strengthen demand for commercial property in the country's major cities, they say