Industry News

As BKC Office Prices Cross ₹1 Lakh Per Sq. Ft., Dharavi Set to Become Mumbai’s Next Commercial Growth Hub 0
- Industry News
- June 29, 2026
A new JLL report says Mumbai’s office market is entering a new growth phase as soaring property prices and limited land in Bandra-Kurla Complex push commercial expansion toward Dharavi’s H Block. Backed by major infrastructure projects, the area is expected to attract businesses seeking premium office space at comparatively lower costs.
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India’s Commercial Office REITs Set for Major Expansion with Up to 45 Million Sq. Ft. Growth by FY28 0
- Industry News
- June 29, 2026
India’s listed commercial office REITs are expected to expand their leasable portfolio by 40-45 million sq. ft. by FY28, according to Crisil Ratings. Strong leasing demand, strategic acquisitions, rental growth, and disciplined leverage are expected to fuel the sector’s next phase of growth, benefiting investors and the flexible workspace ecosystem.
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Smartworks Renews 2.3 Lakh Sq. Ft. Hyderabad Office Lease in ₹121 Crore Commitment 0
- Industry News
- June 24, 2026
Smartworks has renewed its lease for approximately 2.3 lakh sq. ft. of office space at Aurobindo Galaxy in Hyderabad’s Madhapur district. The five-year agreement carries a total rental commitment of ₹121 crore, reflecting continued demand for managed workspaces as Hyderabad strengthens its position as a leading technology and GCC hub.
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Kohinoor Group Elevates Prasanth Gopinath to Lead Commercial Growth, Targets 12 Million Sq. Ft. Portfolio by 2030 0
- Industry News
- June 24, 2026
Kohinoor Group has promoted Prasanth Gopinath as CEO and Executive Director of its Commercial Business Unit as it accelerates its expansion in Pune’s office market. The developer aims to develop, lease, and manage over 12 million sq. ft. of Grade A commercial real estate by 2030.
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DMart Strengthens Bengaluru Presence with ₹106 Crore Commercial Property Acquisition 0
- Industry News
- June 24, 2026
Avenue Supermarts, the operator of DMart, has acquired a 1.7 lakh sq. ft. commercial building in Bengaluru for ₹106.2 crore. Located in Panathur Village, East Bengaluru, the transaction includes multiple floors, basement parking, and terrace rights, highlighting growing corporate investment in premium commercial real estate assets.
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India’s Office REIT Market Set for Major Expansion as Penetration May Reach 30% by 2030 0
- Industry News
- June 24, 2026
Office REIT penetration in India is expected to rise from 19% to 30% by 2030, according to Colliers India. Strong leasing activity, growing institutional ownership, increasing retail investor participation, and a pipeline of 370 million sq. ft. of REIT-ready office stock are driving the next phase of growth.
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