BlackRock leases 1.65 lakh sq ft office in Mumbai for GCC

05 Feb 2025 CW Team

BlackRock, the world's largest asset manager, has signed a 10-year lease for over 165,000 square feet of office space in Goregaon, Mumbai. The lease covers three floors in the Commerz III building, which is owned by Oberoi Realty. The monthly rent for this space exceeds Rs 20.6 million, making the total value of the lease nearly Rs 4 billion. The agreement includes a 15 per cent rental escalation every three years and a five-year lock-in period. This lease, effective from January, is a significant move in BlackRock’s expansion strategy in India, reflecting the company’s long-term commitment to the market.

In addition to the office space, BlackRock has secured exclusive access to more than 90 car parking spaces. Prior to this deal, the company had leased 42,700 square feet in the Worli locality of Mumbai in August.

Having operated in India since 2008, BlackRock provides a wide range of investment solutions in cities such as Mumbai, Gurugram, and Bengaluru. The new lease in Goregaon represents an important step in the company’s growth in India, further establishing its presence in the country’s financial landscape.

News source: Projects Today

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..