Browsing Tag

Commercial property

17 posts
BKC

MMRDA’s BKC Plot Auction Fetches Record-Breaking Prices: Sumitomo and Brookfield Secure Prime Land

The Mumbai Metropolitan Region Development Authority (MMRDA) has set a new record with its latest land auction in Bandra-Kurla Complex (BKC), fetching prices well above the reserve rate. Sumitomo Corporation acquired two prime plots at ₹4,82,000 per square meter, while Brookfield secured another at ₹3,87,000 per square meter. This historic auction highlights BKC’s growing demand among global investors and reinforces Mumbai’s status as a premier commercial hub.

Bennett Coleman & Co. Ltd. Acquires Four Commercial Spaces in Mumbai for ₹262 Crore

Bennett Coleman & Co. Ltd. (The Times Group) has acquired four prime commercial spaces in Santacruz East, Mumbai, for ₹262 crore. The acquisition, located in Kalpataru Infinia, spans over 43,622 sq. ft. of built-up area and 39,642 sq. ft. of carpet area. Strategically positioned near Bandra Kurla Complex (BKC) with excellent connectivity, this investment underscores BCCL’s commitment to expanding its operational footprint in India’s financial capital.
Mall Space Demand Surges, Supply Struggles to Keep Up for Third Year

Mall Space Demand Surges, Supply Struggles to Keep Up for Third Year

India’s shopping mall sector is witnessing unprecedented demand, with leasing activity exceeding new supply for the third consecutive year. Vacancy rates have dropped to 7.8 percent, and rental prices are rising as top malls operate at near-full capacity.
Minimalist Coworking

India’s Flexible Workspace Sector Hits Record 12.4 Million Sq. Ft. Leasing in 2024

India’s flexible workspace sector achieved a record gross leasing volume of 12.4 million sq. ft. in 2024, marking a 57.5% year-on-year growth. Bengaluru led with the highest leasing volume, while Mumbai saw a threefold increase. The demand surge is driven by evolving business needs, hybrid work models, and rising enterprise adoption of managed office solutions.
Sunny Leone Pic Credit Twitter

Sunny Leone Buys Office Space in Mumbai’s Oshiwara for ₹8 Crore

Actress and entrepreneur Sunny Leone has purchased an office space in Mumbai’s Oshiwara for ₹8 crore, according to property registration records. The 1,904 sq. ft. property is located in Veer Signature, a commercial project by Veer Group. The transaction was registered in February 2025, with Leone paying ₹35.01 lakh in stamp duty and ₹30,000 in registration charges. The property, bought from producer Anand Pandit’s Aishwarya Property and Estates, includes three car parking spaces. Veer Signature has also attracted other Bollywood stars, including Amitabh Bachchan, Ajay Devgn, and Kartik Aaryan.