Land Leasing

Puravankara leases 120,000 sq ft retail space to IKEA in Bengaluru

Realty firm Puravankara Ltd has given on lease around 1.2 lakh sq ft retail space to Swedish furniture retailer IKEA in Bengaluru. In a regulatory filing on Monday, the company informed that it has signed an Agreement to Lease (ATL) with IKEA India for leasing of two floors of retail space at the Purva Zentech Park, located on Kanakapura Road, Bengaluru. The project is a mixed-use commercial development with about 9.6 lakh square feet of leasable and saleable area. The project is currently under construction and is slated for completion by early 2026. IKEA India will occupy retail space of more than 1.2 lakh square feet of leasable area across two floors, it said. Real estate consultant Colliers' office services team was the advisor on this transaction. As of September 30, 2025, Puravankara has completed 93 projects totalling 55 million sq ft across nine citiesBengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.

Maharashtra rejects land lease renewal of Jeejeebhoy Trust in Mumbai

Maharashtra Revenue Minister Chandrashekhar Bawankule has rejected the proposal for renewal of the government land lease held by Jeejeebhoy Trust, a prominent charitable organisation, at Mazgaon in Mumbai, officials said. Some business entities were attempting to occupy government land under the pretext of the trust and such attempts should be stopped, MLC Sachin Ahir of the Opposition Shiv Sena (UBT) has claimed. Bawankule on Wednesday directed that the amount deposited by the trust or its developer in an irregular manner be refunded, the officials said. A meeting on the issue was held on Wednesday at the minister's office. Ahir, NCP MLC Amol Mitkari, Mumbai City Collector Aanchal Goyal and other officials attended it through video conferencing. According to officials, the Jeejeebhoy Trust held government leasehold rights over two plots in Mazgaon -- measuring 725.76 sq m and 9,154.10 sq m. The trust had delayed payment of the renewal amount. Subsequently, the amount was ...

Maha govt to allow tribal farmers to lease land to private firms: Minister

Tribal farmers in Maharashtra will soon be able to lease their land to private entities for agricultural purposes or mineral excavation, which will enable them to generate additional income, state Revenue Minister Chandrashekhar Bawankule has said. Officials said the move would not only provide tribals an opportunity to have a steady source of income but also safeguard their ownership rights. Talking to reporters in Gadchiroli on Friday evening, Bawankule said, "A law will be brought soon. I am telling you this before its official announcement. Under this policy, tribal farmers will be able to lease out their land directly to private parties for agricultural purposes or mineral excavation." At present, tribal farmers are not permitted to independently enter into lease agreements with private entities. The proposed change is aimed at giving them a direct access to private investment and generating additional income from their holdings, he said. According to the minister, the ...

Retail leasing in Delhi-NCR jumps 25% as fashion, home brands expand

Fresh mall supply, rising footfalls and strong demand from apparel and homeware brands lift retail leasing in Delhi-NCR, with vacancies in top-grade spaces at historic lows

Comprehensive land reforms key for India to become manufacturing hub: CII

Industry body CII on Sunday pitched for comprehensive land reforms such as the formation of a GST-like Council to enable coordinated and consensus-based reforms and uniform stamp duty rates of 3 to 5 per cent across the country for India to become a global manufacturing hub. While protectionism and trade wars pose a challenge, India's stable policy framework, strong industrial capabilities, large domestic market and a young workforce, coupled with its reputation as a trusted and capable partner among many nations, set it up as an attractive investment destination, it stated. The Confederation of Indian Industry (CII) has proposed establishing Integrated Land Authorities in each state, and also advocated full digitisation of the conversion process, besides suggesting rationalisation of stamp duty rates to a uniform range of 3 to 5 per cent across states. It also recommended that states should move to a conclusive titling system that ensures clear ownership. "The global landscape is

Foreign firms lease 62% of office space in India's top 9 cities: CBRE

Foreign companies rented 111.6 lakh sq ft office space in January-March this year across nine major cities, contributing 62 per cent to the total demand, according to CBRE. Real estate consultant CBRE data showed that the gross leasing of office space rose 5 per cent to 180 lakh sqft in January-March across nine cities as against 171 lakh sqft in the year-ago period. Global corporates accounted for 62 per cent of office space leasing. Out of 180 lakh sqft gross leasing of office space, foreign firms rented 111.6 lakh sqft while domestic firm 68.4 lakh sqft. These nine cities are -- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune, Ahmedabad, and Kochi. Anshuman Magazine, Chairman & CEO -- India, South-East Asia, Middle East & Africa, CBRE, said, "India's office sector is on a solid trajectory for sustained leasing growth, driven by strategic expansions from both domestic and global occupiers." Established hubs like Bengaluru, Hyderabad, Delhi-NCR, and Mumbai ...

Decoding row over Sri Lanka's Muralitharan getting 'land for free' in J&K

Jammu and Kashmir faces political turmoil over alleged free land allotment to ex-Sri Lankan cricketer Muttiah Muralitharan for a Rs 1,600 crore beverage plant in Kathua

UC Punawale Skyscrapers buys land in Pune's Pimpri-Chinchwad for Rs 129 cr

According to IGR property registration documents reviewed by Square Yards, the land parcel involves a total transacted area of 2.38 hectare (28,465 square yards), with a stamp duty of Rs 9.03 crore

Legalising land leasing across states continues to face multiple hurdles

While the Economic Survey last month hailed a Kerala model of land leasing, there exist multiple blocks to a comprehensive policy, in part due to differing state laws

Uttar Pradesh earmarks 17,000 acres for multimodal logistics parks

Yogi 2.0 to offer 30% subsidy on investments of Rs 1,000 crore

MUDA 'scam' investigation: ED summons six MUDA employees for questioning

Karnataka Chief Minister Siddaramaiah and his family have come under increased scrutiny follows allegations of corruption and land misappropriation

Industrial and warehousing leasing up 17% growth in 9 months: Report

The 3PL segment accounted for 35% of the total Grade A space uptake in the first three quarters of CY 2024

Mamata govt not providing land to secure B'desh border, alleges Suvendu

Asserting that Bangladeshi infiltrators are a major concern for Jharkhand, BJP leader Suvendu Adhikari on Tuesday accused Mamata Banerjee, the chief minister of West Bengal which shares a border with the neighbouring country, of not providing land to BSF for fencing work due to her "appeasement politics". Adhikari, the leader of opposition in the West Bengal assembly, arrived in Jharkhand earlier in the day to take part in the BJP's 'Parivartan Yatra' in Dhanbad district. "There are 72 places in West Bengal where the Mamata Banerjee government did not provide land to the Border Security Force (BSF) to complete fencing along the international boundary with Bangladesh. The Ministry of Home Affairs had urged Mamata Banerjee to provide land but she didn't give plots only for vote bank and appeasement politics," Adhikari told reporters in Bokaro. He claimed that the Bangladeshi infiltrators were "entering West Bengal through the unfenced areas and their population rose to 35 per cent in

Retail leasing in Bengaluru grows by 39% in H1 2024 to 1 mn sqft: CBRE

Retail leasing in India surged to a five-year high in the first half of 2024, reaching 3.1 million square feet across eight cities

Birla Estates buys land in Pune, to build Rs 2,500 cr housing project

Realty firm Birla Estates Pvt Ltd on Monday said it has acquired a 16.5-acre land parcel in Pune to a develop a housing project with an estimated revenue potential of Rs 2,500 crore. Birla Estates is a 100 per cent wholly-owned subsidiary of Century Textiles and Industries Ltd and the real estate venture of the Aditya Birla Group. The company said it is expanding its presence in Pune with a land acquisition in Manjri, Pune. "The land parcel is spread across 16.5 acres with a development potential of approx. 32 lakh sq ft and an estimated revenue potential of Rs 2,500 crore," a regulatory filing said. K T Jithendran, MD & CEO at Birla Estates said, "Pune is a strategic market for us and this acquisition is a step towards our ambitious growth plans." The Pune Sholapur corridor is transforming at a rapid pace, he said. "We intend to enhance living standards in Manjri by delivering meticulously designed homes that seamlessly integrate contemporary architecture with thoughtfully chose

ESR buys 27-acre land in industrial, logistic park in Chennai for Rs 276 cr

ESR Group has acquired an additional 27 acres of land to expand its existing industrial and logistics park at Oragadam in Chennai. The enlarged area of ESR Oragadam Industrial and Logistics Park now spans 107 acres with a development potential of 2.5 million square feet. "The additional Rs 276 crore (over USD 33 million) investment signifies ESR's dedication to bolstering Tamil Nadu's industrial landscape," the company said in a statement on Monday. ESR Oragadam Industrial & Logistics Park is strategically located in the heart of the Oragadam-Sriperumbudur cluster, which has witnessed robust growth in demand for Grade A assets. This latest expansion builds upon the success of ESR Oragadam's first two phases, which have welcomed many high-quality customers, such as electromechanical solutions provider CUBIC, automotive research and development firm A2Mac1, and speciality labelling company CCL. ESR India CEO Abhijit Malkani said, "ESR's expansion in Oragadam is a pivotal step in our

Greater Noida board hikes land allocation rates by 5.30% for FY25

The board of the Greater Noida Industrial Development Authority (GNIDA) on Saturday approved a proposal to increase land allocation rates by 5.30 per cent for 2024-25 fiscal, according to an official statement. Several developmental projects, including the Greater Noida West Metro, Multimodal Logistics Hub, and Transport Hub, are coming to Greater Noida and Greater Noida West (also known as Noida Extension), the GNIDA said. "In view of these developmental projects, property allocation rates are determined for each financial year. The board has approved the proposal to increase the current allocation rates for industrial, residential, commercial, institutional, and builder properties by 5.30 per cent for the fiscal year 2024-25," it said. "The finance department will soon issue an office order in this regard. The new rates will be considered effective from April 1," the GNIDA said, describing the 5.30 per cent rate hike as "modest". The board, in a meeting chaired by UP's ...

Improving leasing trends to support and lay bricks of value for Reits

Grand Design: New SEZ rules and rising GCC leasing set to elevate occupancies and rentals, benefiting Reits and office-focused developers

Space leasing for light manufacturing activities rises 23% in 2023: C&W

Leasing of industrial space for light manufacturing activities rose 23 per cent last year to 15.9 million square feet across eight major cities due to favourable government policies, according to Cushman & Wakefield. The leasing of industrial space stood at 12.91 million square feet in the calendar year 2022. Real estate consultant Cushman & Wakefield (C&W) on Thursday released its annual Logistics and Industrial report (L&I) report, which showed that Pune and Chennai accounted for 53 per cent and 24 per cent of the total leasing of industrial space in 2023 across eight major cities. "The growth in industrial leasing indicates that manufacturing is on an uptrend on the back of healthy capacity utilization, implementation of business plans by domestic firms and incentivization of investments by multinationals through favourable government policies such as the multi-sector PLI scheme," the consultant said. Industrial sheds available for lease primarily cater to light ...

Uttarakhand mosque, madrasa demolition: Understanding Nazul & Waqf lands

Nazul land belongs to the state, Waqf land constitutes properties permanently dedicated for religious purposes under Muslim law