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    • Qualcomm signs Rs 184 crore office lease in Bengaluru

    • Delhi leads, Mumbai steady as office rents rise 3.8%

      Among Gurugram's micro-markets, NH-48 Prime led with the highest 3-year CAGR of 10.1% and a 16% annual increase in office rentals. Suburban Noida clocked an 8.7% CAGR and a 9.9% annual rise, a report has said

    • Logistics realty demand at all-time high, 3PL, e-commerce drive 55.3-msf absorption

      Delhi-NCR, Mumbai, Bengaluru, Pune, Chennai, and Hyderabad accounted for 84 percent of total absorption. Tier-2 and 3 markets such as Jaipur, Lucknow, Coimbatore, and Indore contributed 16 percent

    • Mumbai leads India's warehousing growth as country sees record 44.9 msf absorption in 2024

      According to data by Vestian, a real estate consultancy firm, the absorption in warehousing and logistics sector increased by 19% in 2024 over the previous year, thanks to the strong leasing activities in the second half of 2024.

    • IFSC GIFT City sees aircraft and engine leasing rise 31% on year in 2024, better times may be ahead

      Officials expect atleast 100 new aircraft or engines to be leased from GIFT City in 2025. Lessors feel that for GIFT City to become a global hub, an ecosystem conducive to the leasing business, including a repair and maintenance unit, needs to be set up.

    • SpiceJet to use QIP proceeds for payment of statutory dues, outstanding liabilities, fleet expansion

      Out of the total proceeds from the QIP, Rs 750 crore will be used for paying outstanding liabilities to creditors, including aircraft and engine lessors, engineering vendors, financiers, Rs 601.5 crore for paying statutory dues, and Rs 410 crore for ungrounding and maintaining its existing fleet and for purchasing new components, the company said.

    • Wipro’s leased office space rises to 1.5 mn sqft, mostly in Mumbai, Gurugram

      Wadehra said Wipro had toyed with the idea of strengthening presence in Tier II cities, however, it failed to take off as most employees there didn’t want to work from their hometowns.

    • Cash-strapped SpiceJet to lease 10 new planes ahead of upcoming festive season: Sources

      The struggling low-cost carrier is holding investor roadshows in Mumbai, Singapore and Hong Kong to fuel interest for its upcoming qualified institutional placements in a bid to raise around Rs 3,000 crore. The airline has appointed ICICI Securities, JM Financials and DAM Capitals as merchant bankers for the beleaguered airline’s stake sale.

    • SpiceJet cuts planned flight operations by 20% as it struggles to add pilots, planes

      SpiceJet, in response to questions sent by Moneycontrol, said that as of March 20, 2024, the airline's operational fleet comprised 39 planes, while the total fleet size stands at 63

    • SpiceJet expands fleet ahead of winter rush, inducts five leased Boeing 737s

      SpiceJet has also launched a festive sale offering a flat 10 percent discount on flight tickets on October 31.

    • Retail sector leasing rises 46% in top 8 cities during Jan-Sep 2023: Report

      Bengaluru, Delhi-NCR, and Pune collectively accounted for a share of over 61 percent in leasing activity during this period.

    • Net office leasing rises 5 pc to 18-month high of 10.37 mn sq ft in Jul-Sep across top 7 cities: JLL

      Despite global challenges, the net leasing of office space increased by 5% to reach 10.37 million square feet in July-September across seven cities, as reported by JLL India.

    • Incuspaze expands with new Noida centre, meeting workspace demand​

      Managed workspace firm Incuspaze has leased a total of 9.7 lakh square feet of office space in Noida and Gurugram to meet the increasing demand for flexible workspaces from corporates.

    • Leasing of industrial, warehousing space up 7% in January-June across tier I, II, III cities: Report

      Tier I cities accounted for 75 percent of the total absorption in the first half of 2023, while tier II and III contributed the remaining 25 percent

    • Saya Group to develop ‘India’s tallest mall’ Saya Status in Noida’s Sector 129

      The construction of the project is in full swing and nearly 25 percent work is complete. The mall is set to become functional in 2025.

    • In a first, Noida Authority launches scheme to lease out built-up space for start-ups

      The space will be granted on a 15-year lease, renewable every five years, with a one-year lock-in period from the date of allotment.

    • Real estate firm Group 108 to invest over Rs 2,000 crore in Noida-Greater Noida in next 10 years

      The Group 108 will primarily focus on commercial real estate but is open to other segments as well, including the residential sector.

    • India Ratings and Research revises outlook for commercial real estate sector to neutral for FY24

      Ind-Ra expects reasonable growth in the leasing and pre-leasing activity of Grade A office providers, as reported by listed players, while cautioning that the fear of a demand slowdown (all IT players have given a significantly weak guidance for FY24) could impact demand for new office spaces and hiring in India.

    • Vatika group partners with IREAA India for leasing retail projects in New Gurugram

      The affordability of rates and rentals, combined with superior infrastructure and facilities, make New Gurugram an attractive retail destination.

    • Retail sector leasing grows 130% across 8 cities in January-March

      Ahmedabad, the NCR, Bengaluru, and Chennai were the top cities in terms of leasing, with a cumulative share of 81 percent.

    • HDFC Bank leases 2.17 lakh sq ft office space in Noida for 18 years; monthly rent @ Rs 1.47 crore

      The agreement comes with a rent escalation clause of 15 percent every three years. 

    • Deloitte leases 1.56 lakh sq ft office space in Pune for 10 years

      This space is spread across two floors in an IT part in Kharadi, Pune

    • Fidelity Group firm leases office space in Mumbai for Rs 34.5 lakh a month

      Eight Roads Ventures has leased 6,150 sq ft on the 16th floor of Avighna House on Dr Annie Besant Road, Worli, at a starting monthly rent of Rs 561 per sq ft.  The agreement includes an escalation clause for rentals at the rate of 9.5 percent every 24 months, documents show

    • Commercial leasing down 19 percent in first quarter of 2023 

      For the first time, leasing by flex-space operators at 20 percent inched closer to that by technology companies, a Colliers report has said

    • Marsh McLennan Global renews lease for office space in Mumbai at Rs 1.02 crore per month

      The professional services firm will now occupy the 1.7 lakh sq ft for the next five years, by when the rent will hit Rs 1.17 crore

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