Topic
commercial-real-estate
Business AI Broadens India Office Demand Beyond Fortune 500, Embassy REIT Says
Embassy REIT reported a 17% year-on-year revenue rise to ₹1,241 crore in Q1 FY27, with 86% of leasing from new entrants and 21% from AI-related firms. CEO Amit Shetty says AI is broadening India's office demand beyond Fortune 500 companies to Fortune 2000, mid-market firms and smaller Global Capability Centres.
Logistics Tenants signing longer leases for larger warehouses as 3PLs lock in capacity
Leases on U.S. industrial properties with at least one million square feet more than doubled to 38 in the first half of 2026, up from 16 a year earlier. The top-100 leases totaled 93.6 million square feet, a 26% year-over-year increase, as occupiers made longer-term commitments, with average lease terms rising five months to 89 months. Third-party logistics providers held the majority of the largest leases but saw their share decline.
Business India's office market shows caution despite resilient demand and selective rental gains: Colliers report
According to a Colliers report, India's office market recorded 35.7 million sq ft of gross leasing in H1 2026, a 6% YoY increase, with demand outstripping new supply. However, the market remains cautious amid moderation in Q2 2026, with Mumbai and Pune seeing 25-30% declines. Flexible workspace leasing surged 90% above the five-year quarterly average. Rents rose modestly (up to 5%) in active micro-markets, but overall vacancy stayed around 15%.
Business Office Leasing Grows to 43 Million Sq Ft, Highest in First Half of Calendar Year: Cushman & Wakefield
Office leasing in India hit a record 43 million sq ft in H1 2026, a 5% year-on-year increase, driven by global capability centres (GCCs) which accounted for 38% of total leasing. Supply additions declined 10% YoY, and vacancy fell to its lowest since the pandemic, according to Cushman & Wakefield.
Business Prestige Estates acquires 50% stake in Rs 4,500 crore Mumbai commercial project
Prestige Estates Projects Ltd has acquired a 50% stake in Advent Convention and Hotels International Ltd for Rs 504 crore to co-develop a Rs 4,500 crore commercial project in Mumbai. The project in Andheri East will have 1.50 million sq ft of leasable area. The company also reported a two-fold increase in net profit to Rs 1,195.5 crore for FY2025-26.
Business US retail giant Target signs ₹1,250 crore lease for 8.3 lakh sq ft at Bengaluru's Manyata Business Park
US retailer Target has taken on a 10-year lease for 8.3 lakh sq ft at Manyata Embassy Business Park in Bengaluru, with a total rental value of ₹1,250 crore. The lease, starting September 2025, includes a monthly rent of ₹8.73 crore and a 15% escalation every three years, underscoring the growing trend of GCC expansion in Bengaluru's tech ecosystem.
Business Urban Vault Sub-Leases 16,000 Sq Ft Gurugram Office to Green SM, Vietnam-Backed Ride-Hailing Firm
Coworking firm Urban Vault has sub-leased a 16,000 sq ft managed office on Golf Course Road, Gurugram to Green SM, the electric ride-hailing arm of Vietnam's Vingroup. The facility, featuring about 500 seats, is Green SM's first office in India. The partnership supports Green SM's India expansion, as demand for flexible managed workspaces surges across tier I cities.
Business IndiQube Expands Chennai Footprint with 1.5 Lakh Sq Ft Office Lease in Perungudi
IndiQube Spaces Ltd has signed a 15-year lease for 151,462 sq ft of office space in Chennai's Perungudi locality at a monthly rent of ₹64 per sq ft, with total rental commitment estimated at ₹235 crore. The move underscores rising demand for flexible office solutions from enterprises and startups in Chennai's OMR corridor.
Business Embassy Developments Targets ₹8,000 Crore Pre-Sales in FY27 Amid West Asia Supply Chain Pressures
Embassy Developments Ltd aims for ₹8,000 crore in pre-sales for FY27, a 73% jump from the previous year. Managing Director Aditya Virwani cited robust end-user demand but flagged West Asia-linked supply constraints for tiles and other materials, which are squeezing industry profit margins. The company will launch ₹19,500 crore worth of homes across Bengaluru, MMR, and Delhi-NCR to meet the target.