09 Dec 2025

Urban Vault has leased 21,000 sq ft of office space in Bengaluru to three Japanese companies Nachi, Pioneer, and Komatsu for setting up Global Capability Centres. The deals were confirmed earlier this week, adding to the steady rise in demand from multinational groups expanding their India operations. With these additions, Urban Vault now hosts more than 50 GCCs across major Indian cities. The company continues to scale its footprint, supported by growing interest from sectors such as manufacturing, automotive, engineering, electronics, and technology. Urban Vault currently operates a portfolio exceeding 2.8 million sq ft.Read more

08 Dec 2025

Sonu Nigam has leased a 4,257 sq ft commercial unit in Trade Centre BKC, Santacruz East, under a five-year agreement that begins with a monthly rent of INR 19 lakh. The contract includes annual escalations-5.26% in the second year and 5% thereafter-taking the rent to INR 23.15 lakh in the final year. Total rental income over the term is estimated at INR 12.62 crore. The deal, registered in December 2025, involved stamp duty of INR 3.27 lakh and a security deposit of INR 90 lakh. Located in a well-connected business hub, the property reflects a broader trend of celebrities leasing premium commercial assets for steady income growth.Read more

08 Dec 2025

Hazoor Multi Projects Ltd (HMPL) secured two new contracts from the National Highways Authority of India through an e-tender process this past week. The combined value of these projects stands at INR 277.40 crore. The work involves managing user fee collection at highway fee plazas in Tamil Nadu and Maharashtra, along with the upkeep and maintenance of nearby blocks. HMPL, which operates across infrastructure and renewable energy, has been expanding its portfolio over the past few years by taking up EPC-based road projects. The latest contracts further strengthen its presence in the highway operations segment.Read more

08 Dec 2025

Inductus Limited's Global Capability Centre division has signed an MoU with Singapore-based Asteria Visions Pte to strengthen cross-border collaboration in the GCC sector. Signed in the presence of the Singapore High Commission, the agreement sets a framework for joint service exchange, solution design and coordinated delivery for multinational clients. The partnership aims to blend India's fast-growing GCC capabilities with Singapore's digital innovation ecosystem, focusing on AI, cloud, digital engineering and transformation-led models. Inductus CEO Alouk Kumar said the alliance reflects India's rapidly maturing GCC landscape. The move aligns with broader India-Singapore technology ties and supports Inductus' ongoing growth, with the firm reporting FY25 revenue of INR 148 crore.Read more

08 Dec 2025

Smartworks Coworking Spaces Ltd has leased 168,000 sq. ft. of office space in Kolkata to a prominent IT company, signaling strong demand for flexible office solutions. The deal underscores the growing preference among technology firms for ready-to-use, scalable workspaces. Over the past few years, Smartworks has expanded across India, focusing on tier-1 and tier-2 cities, and attracting large corporate clients. Industry experts view this lease as a reflection of the resilience of Kolkata's office market and the ongoing adoption of hybrid work models.Read more

08 Dec 2025

BMC has decided to rehabilitate residents of MHADA cessed buildings and BMC-owned structures in E-ward to remove barriers to completing Hancock Bridge reconstruction. The bridge, demolished in 2016 and partially reopened in 2022, has faced delays due to pending rehabilitation, legal, and technical issues. With new directives to prioritize residential and commercial relocation and prepare tenders for remaining work, BMC is set to restart construction soon. This effort aims to restore full connectivity, ease congestion, and enhance commuter safety, marking progress in one of Mumbai's long-delayed infrastructure projects.Read more

08 Dec 2025

JPMorgan Chase has sub-leased 176,000 sq ft of office space in Hyderabad, marking one of the largest financial-sector leasing deals in the city this year. The Grade-A facility in Madhapur, taken through a general services agreement with a managed-workspace operator, offers over 124,000 sq ft of carpet area. The five-year lease began in mid-November and carries a high monthly rental with a significant security deposit. The expansion adds to JPMorgan's existing hubs in Hyderabad, Mumbai and Bengaluru, where it supports global technology, compliance and analytics functions. The deal highlights Hyderabad's rising appeal for multinational occupiers and reinforces strong demand for premium, ready-to-move office space.Read more

07 Dec 2025

Bhasyam Developers has purchased Standard Chartered Bank's 5.5-acre property in Nungambakkam, Chennai, for about INR 1,200 crore, marking one of the city's biggest land deals in recent years. The site includes nearly 4.5 lakh sq ft of existing office space that originally belonged to ANZ Grindlays Bank before Standard Chartered took over its India operations in 2000. The company plans to redevelop the centrally located plot into a luxury residential and retail-focused project. The transaction also reflects the rising value of prime land in Chennai's core micro-markets.Read more

07 Dec 2025

Alliance City Developers marked a major growth phase last week with multiple project completions and new launches in Vile Parle (East). The developer secured an Occupancy Certificate for Alliance Legacy in Matunga (East) and Completion Certificates for Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East). Alliance Abhimanyu is also nearing possession. Building on this momentum, the company launched two new residential projects-22 Alliance House and Alliance Tanvi-offering premium 2BHK to 4BHK homes. Alliance Tanvi features ready units, modern amenities and strong connectivity. CEO Ankita Luharuka said these milestones reflect the firm's steady, trust-focused approach and long-term commitment to quality housing in Mumbai.Read more

06 Dec 2025

Earlier this week, the parents of actor Kartik Aaryan purchased an office unit in Vile Parle, Mumbai for INR 10.83 crore, strengthening the family's presence in the city's commercial property market. The 1,228 sq ft RERA-certified office, located on the first floor of Notan House in the JVPD area, includes two car-parking slots. The transaction, registered in the past week, involved a stamp-duty payment of more than INR 65 lakh and a registration fee of INR 30,000. This deal follows their earlier investment in an Andheri West office unit, reflecting a sustained interest in premium commercial real estate.Read more