AIPL to take rental portfolio to 5 million sq ft

05 Sep 2024 CW Team

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.

Real Estate

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..