Propstack @PropstackIndia

🚨 𝟮.𝟰 𝗟𝗔𝗖 𝗦𝗙𝗧 | 𝟭𝟱 𝗬𝗘𝗔𝗥𝗦 | ₹𝟮𝟴𝟮+ 𝗖𝗥: 𝗞𝗙𝗶𝗻 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀 𝘀𝗶𝗴𝗻𝘀 𝗺𝗮𝗷𝗼𝗿 𝗼𝗳𝗳𝗶𝗰𝗲 𝗹𝗲𝗮𝘀𝗲 𝗶𝗻 𝗞𝗼𝗸𝗮𝗽𝗲𝘁! 🏢✨ Fintech giant KFin Technologies (formerly Karvy Fintech) just signed a massive 2.42 Lac sq. ft. office space deal in Hyderabad! Key deal details: 📍 Location: Rajapushpa West Avenue, Kokapet, Hyderabad 🏢 Landlord: Rajapushpa Realty LLP 📐 Chargeable Area: 242,742 sq. ft. across 5 leases (Floors 6, 23, 24 & 25) 💰 Rental Rate: ₹45 / sq. ft. / month 💵 Monthly Rent: ₹1.09 Crores ⏳ Tenure: 15-Year Long-Term Commitment 📈 Total Rent Value: ~₹282.85 Crores over 15 years 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗗𝗲𝗮𝗹: 𝗟𝗼𝗻𝗴-𝗧𝗲𝗿𝗺 𝗕𝗲𝘁: A 15-year tenure highlights corporate preference for long-term operational stability in Grade-A assets. 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗣𝗿𝗶𝗰𝗶𝗻𝗴: Rent structured at ₹45/sft/month with a disciplined 5% annual escalation. 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗖𝗼𝗺𝗺𝗶𝘁𝗺𝗲𝗻𝘁: Initial outlay of ₹6.55 Cr in security deposit, running a monthly rent bill of ₹1.09 Cr. This move reinforces Kokapet’s position as the go-to destination for large-format BFSI and tech expansions in Southern India. Media coverage: Business Standard: business-standard.com/companies/news… Economic Times: m.economictimes.com/industry/servi…

𝗦𝗺𝗮𝗿𝘁𝘄𝗼𝗿𝗸𝘀 𝗲𝘅𝗽𝗮𝗻𝗱𝘀 𝗶𝘁𝘀 𝗣𝘂𝗻𝗲 𝗳𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁 𝘄𝗶𝘁𝗵 𝗮 𝗻𝗲𝘄 𝟭.𝟲𝟯 𝗹𝗮𝗸𝗵 𝘀𝗾. 𝗳𝘁. 𝗼𝗳𝗳𝗶𝗰𝗲 𝗹𝗲𝗮𝘀𝗲. Co-working and managed office spaces continue to drive institutional demand across top Indian micro-markets. In one of the major fresh leasing transactions in Pune, Smartworks Coworking Spaces Limited has picked up an entire office building at Infinity - Thube Park. 𝐃𝐞𝐚𝐥 𝐝𝐞𝐭𝐚𝐢𝐥𝐬: 🏢 Building: Infinity - Thube Park 📍 Landlord: CBD Skylines LLP 📏 Scale: ~163,942 sq. ft. of chargeable area (~117,102 sq. ft. carpet) across 16 floors (2B + Floors 1 to 16) 💰 Commercials: ₹90 per sq. ft. month (approx. ₹1.47 Crore monthly license fee) ⏳ Structure: 5-year tenure with a 5% annual escalation starting July 2027 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 𝐅𝐮𝐥𝐥-𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐌𝐨𝐧𝐞𝐭𝐢𝐳𝐚𝐭𝐢𝐨𝐧: Flexible workspace operators are increasingly targeting independent, standalone Grade-A assets rather than standalone floors. This offers operators complete control over building management, branding, and safety protocols to attract enterprise clients. 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞 𝐨𝐟 𝐏𝐮𝐧𝐞'𝐬 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐂𝐨𝐫𝐞: Securing a prime commercial asset at ₹90/sq. ft. underscores the continued rent premium and robust appetite for high-quality spaces in Pune's key business micro-markets. 𝐂𝐑𝐄 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐀𝐠𝐢𝐥𝐢𝐭𝐲: Transactions of this scale highlight how deeply managed offices have integrated into corporate real estate (CRE) strategies, allowing enterprises to scale rapidly while optimizing capital expenditure. Media coverage: hindustantimes.com/real-estate/sm…

𝗔𝗲𝗿𝗼𝗰𝗶𝘁𝘆’𝘀 𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝗵𝗼𝘁 𝘀𝘁𝗿𝗲𝗮𝗸 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀! 🚀 Lenskart has just locked in a massive 88,343 sq ft fresh lease at Worldmark 6 in Aerocity, Delhi, translating into a total rental commitment of ₹232 crore over a 9-year tenure. The eyewear major will be occupying the 8th floor at a monthly rental of ₹1.86 crore (₹210/sq ft/month). This isn't an isolated transaction. Worldmark 6 has become the absolute center of gravity for Delhi-NCR's corporate real estate in recent weeks. “Lenskart’s massive 88,000 sq ft fresh lease at Worldmark 6 further solidifies Aerocity as Delhi-NCR’s premier commercial hotspot. This transaction follows a recent wave of marquee deals in the exact same building—including major spaces taken by Hero MotoCorp, WeWork, and The Executive Centre, underscoring a fierce corporate appetite for premium, Grade-A spaces in high-connectivity corridors,” said Raja Seetharaman, co-founder, Propstack. Media Coverage: HT: hindustantimes.com/real-estate/le… Business Standard: business-standard.com/companies/news…

🏢𝗔𝗲𝗿𝗼𝗰𝗶𝘁𝘆 𝗠𝗲𝗴𝗮 𝗗𝗲𝗮𝗹: 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗖𝗲𝗻𝘁𝗿𝗲 𝗟𝗲𝗮𝘀𝗲𝘀 𝟭.𝟭𝟱 𝗟𝗸 𝗦𝗳𝘁 𝗮𝘁 ₹𝟯𝟬𝟵 𝗖𝗿 𝗧𝗼𝘁𝗮𝗹 𝗥𝗲𝗻𝘁! Delhi’s premium Aerocity micro-market continues to witness an unprecedented institutional leasing rush. Following a massive double-transaction by Hero MotoCorp and WeWork, Executive Centre India Limited has secured a major fresh lease for 114,954 sft of chargeable area at Worldmark 6. The 9-year long-term commitment translates to a total rental payout of over ₹309 Crores, emphasizing how critical high-demand corridors like Aerocity remain for premium corporate portfolios. Key Deal Details: 👔 Tenant: Executive Centre India Limited 🏢 Landlord: Alborz Developers Limited (Bharti Group) 📍 Asset: Floor 7, Worldmark 6, Aerocity, New Delhi 📐 Space Profile: 80,001 sft (Carpet Area) | 114,954 sft (Chargeable Area) 💰 Commercials: Commencing at ₹215/sft/month (~₹2.47 Cr/month) 📈 Escalation Clause: 15% escalation structured every 3 years ⏳ Commitment: 9-Year Tenure | Security Deposit of ₹14.83 Cr 🔥𝗔 𝗛𝗼𝘁𝗯𝗲𝗱 𝗳𝗼𝗿 𝗠𝗲𝗴𝗮 𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝗗𝗲𝗮𝗹𝘀 This signing closely follows two massive anchor transactions in the exact same building, collectively locking in over 3.45 lakh sft and ₹920+ Crores in rental commitments earlier this year: 🏍️ Hero MotoCorp: Secured ~2.31 lakh sft across the Ground, 2nd, 5th, and 6th floors for a 9-year tenure (~₹594 Cr total rent). 🍀 WeWork India: Took up the entire 3rd floor (~1.14 lakh sft) for a 10-year term to launch their latest enterprise flex hub (~₹329 Cr total rent). With Worldmark 6 soaking up over 4.6 lakh sft of absorption between Hero, WeWork, and now Executive Centre, the asset has firmly established itself as NCR's premier corporate address for Grade-A occupiers and enterprise flex workspace giants. Media Coverage: hindustantimes.com/real-estate/ex…

𝗘𝘅𝘅𝗼𝗻𝗠𝗼𝗯𝗶𝗹 𝗹𝗲𝗮𝘀𝗲𝘀 𝟮.𝟯𝟱 𝗹𝗮𝗸𝗵 𝘀𝗾 𝗳𝘁 𝗼𝗳𝗳𝗶𝗰𝗲 𝘀𝗽𝗮𝗰𝗲 𝗶𝗻 𝗕𝗮𝗻𝗴𝗮𝗹𝗼𝗿𝗲 ExxonMobil has finalized a major fresh lease transaction in Whitefield, marking a substantial expansion of its commercial footprint in India's tech capital. The transaction stands as a powerful indicator of the sustained momentum within the Grade-A office segment. Deal Details: 🏢 Tenant: ExxonMobil Services and Technology Private Limited 📍 Building: ITPB - Inventor, Whitefield 📐 Chargeable Area: 235,300 sq. ft. (Floors 1, 2, 3, 4, 6, 7, 8) 💵 Starting Rent: ₹79 / sft / month (₹1.86 Crs / month) ⏳ Tenure: 3 Years 📉 Estimated Total Rent Outlay: ~₹70.32 Crores 💡 Strategic Takeaways: GCC Momentum Remains Unbroken: Large-scale transactions like this reinforce Bangalore's position as the premier global destination for high-value Global Capability Centers (GCCs). Flight to Quality: Premium IT parks like ITPB continue to command strong pricing power and rapid absorption, driven by corporate demand for top-tier infrastructure and compliance. Resilient Tech Corridors: Whitefield remains a high-conviction micro-market for multinational corporations looking to scale operations efficiently. Media Coverage: HT: hindustantimes.com/real-estate/be…

"𝗜𝗻𝗱𝗶𝗮 𝗶𝘀 𝗮 𝘃𝗲𝗿𝘆 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗺𝗮𝗿𝗸𝗲𝘁 𝗳𝗼𝗿 𝗔𝗺𝗮𝘇𝗼𝗻, 𝗮𝗻𝗱 𝘄𝗲 𝘀𝗲𝗲 𝗺𝗮𝘀𝘀𝗶𝘃𝗲 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗵𝗲𝗿𝗲." — 𝗔𝗺𝗮𝘇𝗼𝗻 𝗖𝗘𝗢 𝗔𝗻𝗱𝘆 𝗝𝗮𝘀𝘀𝘆 True to its word of aggressively scaling long-term digital infrastructure in the region, 𝗔𝗺𝗮𝘇𝗼𝗻 𝗗𝗮𝘁𝗮 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 has signed a massive long-term lease with Larsen & Toubro Limited for another 4 acres of land in Powai, Mumbai. This transaction lands perfectly on the heels of the Amazon CEO's visit to India, where Andy Jassy announced a massive $13 billion expansion plan for data centers in Mumbai and Hyderabad, driving Amazon’s total planned cloud infrastructure investment in India to an astronomical $48 billion between 2026 and 2030. This specific expansion carries a total estimated rent outgo of ₹650+ Crore over a 17+ year tenure. It officially pushes Amazon's total committed hub in this strategic Powai pocket to 13.5 acres, continuing their aggressive infrastructure build-out. 𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: 🔹 Lessor: Larsen & Toubro Limited 🔹 Lessee: Amazon Data Services India Private Limited 🔹 The New Asset: 4 Acres of contiguous land (bringing total campus footprint to 13.5 acres) 🔹 The Outgo: ₹650+ Crore in rent over 17 years and 7 months (with a 3% structured annual escalation, including 24 rent-free months spread across the tenure) 🔹 Upfront Commitment: ₹72 Crore paid as upfront premium 🔹 Tenure: 17 years, 7 months (with a lock-in period running through August 2037) 📊 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗣𝗼𝘄𝗮𝗶 𝗛𝘆𝗽𝗲𝗿-𝗛𝘂𝗯 This transaction builds upon Amazon's highly strategic, multi-phased land accumulation at the same Powai location with L&T: 🔹Phase 1A (Signed June 2022): 5.5 acres leased for 21.5 years with a total rental payout of over ₹921 Crore. 🔹Phase 1B (Signed August 2023): An adjacent 4 acres leased for 18 years with a total rental commitment of over ₹562 Crore As hyperscalers and cloud giants rapidly scale up infrastructure to support the ongoing AI and cloud boom, the relentless demand for reliable data center capacity is reshaping the industrial real estate landscape across major Indian hubs. Media Coverage: Economic Times: economictimes.indiatimes.com/industry/servi… Business Standard: business-standard.com/industry/news/…

🔥𝗔𝗰𝗰𝗲𝗻𝘁𝘂𝗿𝗲 𝗧𝗮𝗸𝗲𝘀 𝟯.𝟰𝟱𝗟 𝗦𝗳𝘁 𝗶𝗻 𝗣𝘂𝗻𝗲; 𝗧𝗼𝘁𝗮𝗹 𝗜𝗻𝗱𝗶𝗮 𝗟𝗲𝗮𝘀𝗶𝗻𝗴 𝗖𝗿𝗼𝘀𝘀𝗲𝘀 𝟭.𝟲𝗠 𝗦𝗳𝘁 𝗧𝗵𝗶𝘀 𝗬𝗲𝗮𝗿! Hot on the heels of a massive 10 lakh sft commitment in Hyderabad, Accenture continues its aggressive India expansion. Accenture Solutions has picked up another 3.45 lakh sft of premium Grade-A office space at Phoenix Millennium Towers in Wakad, Pune! While much of the market spotlight has been on captive Global Capability Centers (GCCs), this mega-expansion reminds us that global technology services majors remain massive drivers of institutional real estate demand. As global enterprises accelerate their digital transformations, vendors like Accenture are locking in premium, scalable spaces to house the next generation of tech talent. 📊 Key details of the lease: Tenant: Accenture Solutions Private Limited Building: Phoenix Millennium Towers, Wakad, Pune Chargeable Area: 3,45,872 sft Starting Monthly Rent: ~₹2.52 Crores (₹73 per sft) Tenure: 10 years 💡 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 Propstack data reveals a remarkable leasing spree by Accenture Solutions across India's top tech corridors and emerging hubs this year which cumulatively add to 𝟭𝟲.𝟰 𝗟𝗮𝗸𝗵 𝘀𝗳𝘁 and a 𝗺𝗼𝗻𝘁𝗵𝗹𝘆 𝗿𝗲𝗻𝘁 𝗼𝗳 𝗥𝘀 𝟭𝟯.𝟱 𝗖𝗿𝘀. 𝗛𝘆𝗱𝗲𝗿𝗮𝗯𝗮𝗱 (𝗞𝗼𝗻𝗱𝗮𝗽𝘂𝗿): A massive ~10.16 Lakh sft long-term commitment at Aparna Technopolis. 𝗣𝘂𝗻𝗲 (𝗪𝗮𝗸𝗮𝗱): A fresh ~3.45 Lakh sft expansion across 5 floors at Phoenix Millennium Towers. 𝗡𝗼𝗶𝗱𝗮 (𝗦𝗲𝗰𝘁𝗼𝗿 𝟭𝟯𝟮): ~1.65 Lakh sft of premium office space at ACE Capitol. 𝗖𝗼𝗶𝗺𝗯𝗮𝘁𝗼𝗿𝗲 (𝗧𝗜𝗗𝗘𝗟 𝗣𝗮𝗿𝗸): ~1.09 Lakh sft to deeply penetrate high-potential Tier-2 talent pools. This pan-India strategy shows how technology services giants act as the critical execution arm for global digital transformation. To support the unrelenting demand for advanced analytics, cloud, and AI engineering, global majors are locking in institutional Grade-A assets at an unprecedented scale. Media coverage: Hindustan Times: hindustantimes.com/real-estate/ac… Mint: livemint.com/companies/news… Business Standard: business-standard.com/companies/news…

𝗢𝗹𝗮 𝗚𝗿𝗼𝘂𝗽 𝗥𝗲𝗻𝗲𝘄𝘀 𝟰.𝟯 𝗟𝗮𝗸𝗵 𝘀𝗳𝘁 𝗢𝗳𝗳𝗶𝗰𝗲 𝗦𝗽𝗮𝗰𝗲 𝗶𝗻 𝗕𝗮𝗻𝗴𝗮𝗹𝗼𝗿𝗲 🏢 Ola Group has finalized the renewal of its 4.27 Lakh Sft corporate footprint at Prestige RMZ Star Tech in Koramangala, Bangalore. Transaction Overview: 𝗟𝗲𝗮𝘀𝗲 𝟭: 𝗢𝗹𝗮 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀 (Floors 4, 5, 6) 🔋 168,243 sft | Rs 1.74 Cr/month | 5-Year Rental Outflow: Rs 110.75 Cr (with a 15% escalation after 3 years) 𝗟𝗲𝗮𝘀𝗲 𝟮: 𝗢𝗹𝗮 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 (𝗔𝗡𝗜 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀) (Floors G, 1, 2, 3, 7, 8) 🚗 259,238 sft | Rs 2.68 Cr/month | 5-Year Rental Outflow: Rs 170.65 Cr 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 📌 Focus on Tenant Retention and Rent Stability The renewal was executed at Rs 103.5/sft/month, holding flat with the rate previously established in 2023. This aligns with a broader trend where institutional landlords prioritize long-term tenancy, stable cash flows, and zero vacancy over aggressive rental growth in tech hubs. 📌 Consolidation and Footprint Restructuring While the group’s core ride-hailing business (ANI Technologies / Ola Consumer) manages evolving market dynamics and valuation adjustments, the commitment to retaining its centralized headquarters remains firm. Concurrently, Ola Electric continues its operational scale-up, and the group has structurally distributed the physical asset across its primary entities. With a cumulative 5-year rental commitment of Rs 281.39 Crore, this deal underscores the ongoing strategic importance of Bangalore as the operational anchor for scaling domestic tech majors. Media coverage: HT: hindustantimes.com/real-estate/ol… Business Standard: business-standard.com/companies/news… Business Line: thehindubusinessline.com/companies/ola-…

🚨₹920+ Crores. ~3.5 Lac Sq. Ft. Worldmark 6 in Aerocity Delhi’s Aerocity just witnessed a massive commercial real estate surge, and the numbers coming out of Worldmark 6 are absolute eye-openers. We’ve broken down the exact data behind how Hero MotoCorp and WeWork India just locked down two of the biggest fresh lease deals of the year. 🚀 Deal 1: Hero MotoCorp goes BIG Tenant: Hero MotoCorp Limited Area: 2,31,109 sq. ft. (Spread across Ground, 2nd, 5th, & 6th floors) Rental Rate: ₹215 / sq. ft. / month Monthly Rent: ~₹4.97 Crores Tenure: 9 Years (with a 15% escalation every 3 years) Security Deposit: ₹29.81 Crores Total Estimated Value: ₹593.8 Crores (accounting for a 6-month rent-free period) 🚀Deal 2: WeWork India expands its footprint Tenant: WeWork India Management Limited Area: 1,13,976 sq. ft. (3rd floor) Rental Rate: ₹210 / sq. ft. / month Monthly Rent: ~₹2.39 Crores Tenure: 10 Years (with a 15% escalation every 3 years) Security Deposit: ₹9.57 Crores Total Estimated Value: ₹328.5 Crores (accounting for a 6-month rent-free period) The Big Takeaway: Aerocity's Premium Dominance: Commanding ₹210–₹215/sq. ft. puts Aerocity firmly at the top of Delhi-NCR’s premium micro-markets. High-end infrastructure and airport proximity continue to justify a massive premium. The Flex-Space Appetite: WeWork locking in a 10-year commitment for over 1.1 lakh sq. ft. proves that the demand for managed enterprise workspaces isn't just a trend ,it's a core corporate strategy. Long-Term Confidence: When a manufacturing giant like Hero and a flex giant like WeWork both sign 9–10 year deals simultaneously, it sends a loud signal about long-term corporate confidence in Grade-A physical offices. Media Coverage: Business Standard: business-standard.com/companies/news…

🚀 Accenture just locked down one of the BIGGEST office space deals of the year in Hyderabad! ​The tech giant is significantly expanding its footprint, signing a massive fresh lease for over 10 Lakh (1 million) sq. ft. at Aparna Technopolis, Hitech City. ​We are talking about a major long-term commitment of ~Rs. 1,006 Crores in total rent over a 10-year tenure ​🏢 Building: Aparna Technopolis, Hitech City, Hyderabad 🤝 Tenant: Accenture Solutions Private Limited 👤 Landlord: Aparna IT Hub LLP 📐 Chargeable Area: 1,016,912 sft (Floors 2 to 11) 📐 Carpet Area: 7,57,053 sft 📈 Escalation: 4.25% per annum 📅 Tenure: 10 Years 💰 Security Deposit: Rs. 29.50 Crores 📉 Total Estimated Rental Outflow: ~Rs. 1,006 Cr (Over the tenure) The Big Takeaway: Even as the tech landscape rapidly evolves with AI integration and shifting workspace models, a commitment of this magnitude underscores a fundamental reality: large-scale, premium physical office hubs remain essential to long-term corporate growth. Global Capability Centers (GCCs) aren’t shrinking they are consolidating into world-class campuses to foster collaboration and high-value innovation. This transaction between Accenture and Aparna solidifies Hyderabad’s Hitech City as an absolute powerhouse for tech infrastructure. Media Coverage Business Standard: business-standard.com/companies/news…

🚀 𝗦𝗺𝗮𝗿𝘁𝘄𝗼𝗿𝗸𝘀 𝗥𝗲𝗻𝗲𝘄𝘀 𝟮.𝟯 𝗟𝗮𝗰 𝘀𝗳𝘁 𝗟𝗲𝗮𝘀𝗲 𝗶𝗻 𝗛𝘆𝗱𝗲𝗿𝗮𝗯𝗮𝗱 Smartworks Coworking Spaces Limited has renewed its commitment to Hyderabad's thriving office market by leasing over 2.3 lakh sft of premium office space at Aurobindo Galaxy in Madhapur. The company has secured 230,846 sft across Floors 8, 9, and 10 under a 5-year lease, resulting in an estimated rental outflow of over ₹121 Crores during the lease tenure. The transaction highlights the continued demand for large-format managed office spaces from flexible workspace operators. Smartworks had leased this space in March 2021 and has renewed it in March 2026. They also have another 2.3 lac sft space across floors 5,6 and 7 which was signed in Dec 2021. 📍 Location: Aurobindo Galaxy, Hyderabad 📐 Chargeable Area: 2,30,846 sft ⏳ Tenure: 5 Years 💰 Monthly Rent: ₹1.75 Cr 📈 Escalation: 15% after 1st year and 4th year 💵 Security Deposit: ₹4.57 Cr 🏢 Floors: 8, 9 & 10 Strategic Highlights: The transaction underscores Hyderabad's growing prominence as a preferred destination for enterprise-grade office occupiers and flexible workspace operators. With strong demand from technology, GCC, and corporate occupiers, the city's commercial real estate market continues to attract large-scale commitments. Smartworks' renewal further reflects confidence in Hyderabad's long-term growth story and the increasing adoption of managed office solutions by businesses seeking flexibility and operational efficiency. Media coverage: Business Standard: business-standard.com/companies/news… Hindustan Times: hindustantimes.com/real-estate/sm…

Coverage @livemint

🚨 𝗧𝗮𝗿𝗴𝗲𝘁 𝗟𝗼𝗰𝗸𝘀 𝗶𝗻 𝟴.𝟯 𝗟𝗮𝗸𝗵 𝗦𝗳𝘁 𝗕𝗮𝗻𝗴𝗮𝗹𝗼𝗿𝗲 𝗚𝗖𝗖 𝗶𝗻 𝗮 𝗥𝘀 𝟭,𝟮𝟱𝟬 𝗖𝗿 𝗠𝗲𝗴𝗮 𝗗𝗲𝗮𝗹! US-based retail giant Target Corporation has secured over 8.31 lakh sft of prime office space at Manyata Embassy Business Park – L4 (Gulmohar), Bengaluru. This landmark transaction reinforces the leading American retailer's long-term commitment to India as a critical hub for its Global Capability Center (GCC) operations. Under the fresh 10-year lease agreement—spanning the Ground to 10th floors—the transaction is projected to result in an estimated rental outflow exceeding ₹1,250 Crores over the tenure. This makes it one of the largest single office leasing deals in Bengaluru’s commercial market. Target has leased 8,31,126 sft of chargeable area at a rental rate of ₹105/sft/month, translating into an initial monthly rental commitment of approximately ₹8.73 Crores. 📍 Key Deal Details: Tenant: Target Corporation India Pvt Ltd Location: Embassy Manyata Business Park – L4 (Gulmohar), Nagavara Chargeable Area: 8,31,126 sft (Entire Block: G to 10 Floors) Tenure: 10 Years with a 15% escalation every 3 years Monthly Rent: ~Rs. 8.73 Crores (Rs. 105/sft) Security Deposit: ₹52.36 Crores 💬 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 Target’s massive 8.3 lakh sft lease at Manyata Embassy Business Park underscores a growing trend among top-tier Global Capability Centers (GCCs) to scale up operations within familiar tech ecosystems. By securing an entire newly completed 11-floor block (G to 10), the retail giant is effectively consolidating and expanding its footprint inside the campus. This multi-year commitment, valued at an estimated Rs 1,250 crore over its tenure, highlights the enduring premium that dominant tech hubs like Bangalore command for quality institutional real estate." — Raja Seetharaman, cofounder Propstack 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: This massive transaction further solidifies Bengaluru’s status as India’s leading GCC capital. By taking over an entire newly constructed office block, Target demonstrates strong corporate confidence in high-spec, Grade-A institutional assets. The transaction reflects a broader market trend where global giants are prioritizing asset upgrades, expansion, and consolidation within proven tech micro-markets. Media Coverage: Mint: livemint.com/companies/news… Hindustan Times: hindustantimes.com/real-estate/ta…

🚀 𝗜𝗻𝗱𝗶𝗤𝘂𝗯𝗲 𝗟𝗲𝗮𝘀𝗲𝘀 𝟭.𝟱 𝗟𝗮𝗸𝗵 𝘀𝗳𝘁 𝗶𝗻 𝗖𝗵𝗲𝗻𝗻𝗮𝗶; 𝘁𝗼 𝗣𝗮𝘆 ₹𝟮𝟯𝟱 𝗖𝗿 𝗢𝘃𝗲𝗿 𝟭𝟱 𝗬𝗲𝗮𝗿𝘀! IndiQube Spaces Limited continues to strengthen its presence in South India with the leasing of over 1.5 lakh sft of office space at SRH Experience Tower, Perungudi, Chennai. Highlighting its long-term growth strategy in the flexible workspace segment, the company has signed a 15-year lease covering multiple floors of the building. The transaction is expected to result in an estimated rental outflow of approximately ₹235 Crores over the lease tenure. IndiQube has leased 1,51,462 sft of chargeable area at a rental rate of ₹64/sft/month, translating into a monthly rental commitment of approximately ₹96.62 Lakhs. 📍 Location: SRH Experience Tower, Perungudi, Chennai 📐 Chargeable Area: 1,51,462 sft 🏢 Floors: 2B + Ground to 11th Floor ⏳ Tenure: 15 Years with 15% escalation every 3 years 💰 Monthly Rent: Approx. ₹96.62 Lakhs 💵 Security Deposit: ₹7.73 Cr Strategic Highlights: The transaction underscores Chennai's growing appeal as a key market for flexible workspace operators. With businesses increasingly adopting agile workplace solutions, operators like IndiQube are securing large-format assets to cater to evolving occupier requirements. This sizeable long-term commitment reflects confidence in Chennai's commercial real estate market and the sustained demand for managed office spaces across emerging business hubs. Media coverage: Business Line: thehindubusinessline.com/news/real-esta… Business Standard: business-standard.com/companies/news…

🚀 𝗦𝗺𝗮𝗿𝘁𝘄𝗼𝗿𝗸𝘀 𝗟𝗲𝗮𝘀𝗲𝘀 𝟱 𝗹𝗮𝗰 𝘀𝗳𝘁 𝗶𝗻 𝗕𝗲𝗻𝗴𝗮𝗹𝘂𝗿𝘂; 𝗥𝘀 𝟱𝟴𝟵 𝗖𝗿 𝗥𝗲𝗻𝘁 𝗢𝘃𝗲𝗿 𝟭𝟬 𝗬𝗲𝗮𝗿𝘀! Smartworks Coworking Spaces Limited is expanding its footprint in India's Silicon Valley, leasing nearly 5 lakh sft of office space at Sattva Aura in Kadubeesanahalli. Demonstrating strong long-term commitment to the growing flex workspace segment, the company has signed a 10-year lease spanning multiple floors, translating into an estimated rental outflow of approximately ₹589 Crores over the lease tenure. Smartworks has leased 4,54,821 sft of office space at a rental rate of ₹84/sft/month, along with an additional 37,840 sft of cafeteria area at ₹46/sft/month, taking the total chargeable area to 4,92,691 sft. 📍 Location: Sattva Aura, Bengaluru 📐 Chargeable Area: 4,92,691 sft ⏳ Tenure: 10 Years with 4.5% annual escalation 💰 Monthly Rent: Approx. ₹4 Cr 💵 Security Deposit: ₹21.97 Cr Strategic Highlights: The transaction reinforces Bengaluru's position as the preferred destination for large-scale office occupiers and highlights the sustained momentum in India's flexible workspace market. As traditional corporate occupiers increasingly look to optimize capital expenditure, flexible operators are stepping up to lock down complete assets. Smartworks' sizeable commitment reflects continued confidence in the country's commercial real estate sector and the rising demand for managed office spaces. Media coverage: Business Standard business-standard.com/companies/news…

𝗧𝗖𝗦 𝗥𝗲𝗻𝗲𝘄𝘀 𝗠𝗮𝘀𝘀𝗶𝘃𝗲 𝗙𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁 𝗶𝗻 𝗖𝗵𝗲𝗻𝗻𝗮𝗶! Tata Consultancy Services (TCS) has locked in a landmark 1.47 million sq ft campus renewal at Chennai One IT SEZ (Thoraipakkam) across 2 leases. This ₹1,420-crore, 10-year deal stands out as one of the largest commercial commitments of the year, defying the market narratives around AI-driven space optimization and potential desk disruptions. While Global Capability Centers (GCCs) have captured much of the recent real estate headlines, this transaction—following TCS's major 2025 expansions in Bengaluru (1.4 million sq ft) and Hyderabad (1.02 million sq ft)—proves that the leading domestic IT giants remain structural anchors of the office market. It demonstrates that large-scale physical infrastructure is a strategic prerequisite to deploy next-generation AI frameworks at scale. Key details : 📍 Building: IT SEZ (Chennai One), Thoraipakkam (Block A - Alpha & Block B - Magnum) 🏢 Landlord: IG3 Infra Limited 📏 Chargeable Area: 1.47 Mn Sq Ft ⏳ Tenure: 10 Years 💰 Rent: ₹10.26 Cr / month (₹70 / sq ft / month) 📉 Security Deposit: ₹94.64 Cr 📈 Escalation: 12% escalation every 3 years "Despite intense market narratives surrounding AI-driven optimization and potential desk disruptions, TCS’s massive 1.47 million square feet renewal at Chennai One proves that the demand for physical campus scale remains fundamentally resilient. Following landmark expansions in Bengaluru and Hyderabad that positioned them as the top domestic leaser of 2025, this ₹1,420-crore Chennai commitment demonstrates that leading tech giants view large-scale physical infrastructure as a strategic prerequisite to deploy next-generation AI frameworks at scale." — Raja Seetharaman, Co-Founder, Propstack. Media coverage: Business Standard: thehindubusinessline.com/info-tech/tcs-…

@NoidaUpdatesX @GauravGupta_RE Yes. This got registered on 13th April 2026.

🚀 𝗚𝗼𝗼𝗴𝗹𝗲 𝗷𝘂𝘀𝘁 𝗺𝗮𝗱𝗲 𝗮 𝗺𝗮𝘀𝘀𝗶𝘃𝗲 ₹𝟲𝟳𝟭 𝗖𝗥𝗢𝗥𝗘 𝘀𝗽𝗹𝗮𝘀𝗵 𝗶𝗻 𝘁𝗵𝗲 𝗚𝘂𝗿𝗴𝗮𝗼𝗻 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁! 🏢💥 Google has solidified its long-term commitment to India by leasing a substantial 623,448 sft of prime commercial space at DLF Atrium Place in Gurgaon. This transaction stands as one of the most significant office lease deals in recent times, highlighting the continuous demand for institutional-grade commercial assets. Numbers behind this mega-deal: 🔹 𝗧𝗵𝗲 𝗥𝗲𝗻𝘁: A staggering ₹10.55 Crores EVERY SINGLE MONTH to start—escalating by 15% after 3 years to push the total tenure outflow to ₹670.98 Crores! 🔹 𝗧𝗵𝗲 𝗙𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁: Taking over a massive vertical campus spanning Floors 2 to 16 in Tower 1. 🔹𝗧𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗙𝗹𝗲𝘅: They’ve already locked in a "Hard Option" to grab up to two more entire floors in Tower 2 if they need to expand. Oh, and because it's Google, the tech standard is next-level: 100% power backup with N+1 redundancy, custom digital smart-building integrations, a LEED Platinum certified envelope, and yes... a dedicated clause allowing employees to bring their pet dogs to the office. 🐶💻 Large-scale commitments from global technology leaders serve as a strong endorsement of India's commercial real estate infrastructure and its position as a central hub for scaling global tech talent.

@GauravGupta_RE Media coverage: Hindustan Times: hindustantimes.com/real-estate/go…