AIPL to take rental portfolio to 5 million sq ft
Real Estate

AIPL to take rental portfolio to 5 million sq ft

Realty developer AIPL is planning to expand its rental portfolio to nearly 5 million sq ft with several retail and office complexes currently under construction, according to a senior executive. The majority of the company?s commercial projects are located in Delhi-NCR, with some also in Punjab.

At present, the company operates 1.4 million sq ft, and by the second quarter of 2025, two projects, AIPL Statement and AIPL Autograph, with a combined leasable area of 3.5 million sq ft, are expected to be completed. AIPL Masterpiece, another of the company?s projects, is home to corporates such as Perfetti, which has leased 36,000 sq ft, and Samman Capital, which has taken approximately 16,500 sq ft.

Ishaan Singh, Director of AIPL Group, mentioned that the company is committed to consistently delivering high-quality office spaces that meet the evolving needs of modern businesses. He added that the AIPL Business Club, with its modern infrastructure and world-class amenities, has successfully attracted leading corporates looking to expand their operations.

A recent Cushman & Wakefield report highlighted strong occupier demand, with pan-India leasing volumes remaining robust in the first quarter of 2024, surpassing the 20 million sq ft mark for the third time since the post-COVID period. Achieving gross leasing of over 20 million sq ft for two consecutive quarters is a notable record for the office real estate market, indicating increased activity in India. Bengaluru continued to be a key market, contributing a significant share of fresh demand, with several large deals being finalised. Mumbai, Delhi-NCR, and Hyderabad also reported strong lease transactions, while Hyderabad led the supply additions in the first quarter, followed by Bengaluru and Delhi-NCR.

Realty developer AIPL is planning to expand its rental portfolio to nearly 5 million sq ft with several retail and office complexes currently under construction, according to a senior executive. The majority of the company?s commercial projects are located in Delhi-NCR, with some also in Punjab. At present, the company operates 1.4 million sq ft, and by the second quarter of 2025, two projects, AIPL Statement and AIPL Autograph, with a combined leasable area of 3.5 million sq ft, are expected to be completed. AIPL Masterpiece, another of the company?s projects, is home to corporates such as Perfetti, which has leased 36,000 sq ft, and Samman Capital, which has taken approximately 16,500 sq ft. Ishaan Singh, Director of AIPL Group, mentioned that the company is committed to consistently delivering high-quality office spaces that meet the evolving needs of modern businesses. He added that the AIPL Business Club, with its modern infrastructure and world-class amenities, has successfully attracted leading corporates looking to expand their operations. A recent Cushman & Wakefield report highlighted strong occupier demand, with pan-India leasing volumes remaining robust in the first quarter of 2024, surpassing the 20 million sq ft mark for the third time since the post-COVID period. Achieving gross leasing of over 20 million sq ft for two consecutive quarters is a notable record for the office real estate market, indicating increased activity in India. Bengaluru continued to be a key market, contributing a significant share of fresh demand, with several large deals being finalised. Mumbai, Delhi-NCR, and Hyderabad also reported strong lease transactions, while Hyderabad led the supply additions in the first quarter, followed by Bengaluru and Delhi-NCR.

Next Story
Infrastructure Urban

India Spent Rs 1.5 Tn on Smart Cities in Past 10 Years

The Indian government launched the Smart Cities Mission on June 15, 2015, with the goal of transforming urban infrastructure across the country. As of April 11, 2025, ten years since its inception, over Rs 1.5 trillion has been spent on 7,504 completed projects, representing 94 per cent of the total planned projects valued at more than Rs 1.64 trillion. An additional Rs 131.42 billion worth of projects are currently under implementation. According to data from SBI Research, 92 per cent of the funds were utilised across 21 major states, with Uttar Pradesh, Tamil Nadu, and Maharashtra together ..

Next Story
Infrastructure Energy

Hyundai’s EcoGram Converts Gurugram’s Waste to Clean Energy

Hyundai’s EcoGram, a biogas plant and material recovery facility located in Gurugram, Haryana, has been established to support circular economy initiatives. The facility collects both wet and dry waste from 20 bulk waste generators, including residential welfare associations (RWAs), corporate offices, and commercial complexes, with assistance from the Municipal Corporation of Gurugram (MCG). At the facility, the collected waste undergoes processing—wet waste is converted into biogas, which is then used to generate electricity, while dry waste is sorted for recycling. Since its inception,..

Next Story
Infrastructure Transport

Metro Line 8 DPR Nears Completion; CIDCO to Float Rs 200 Bn Tenders

The City and Industrial Development Corporation (CIDCO) is nearing completion of the Detailed Project Report (DPR) for Metro Line 8, commonly known as the Gold Line. This strategic 34.9-kilometre corridor is set to link Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) with the upcoming Navi Mumbai International Airport (NMIA). Estimated to cost around Rs 200 billion, the project is being developed under the Public-Private Partnership (PPP) model. Once completed, Metro Line 8 will become Mumbai's second such corridor after Metro Line 1. CIDCO plans to float tenders once ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?