Embassy REIT Leases 8 Lakh Sq Ft to Commonwealth Bank in Bengaluru

23 Aug 2024 CW Team

Embassy REIT has secured a major lease agreement with the Commonwealth Bank of Australia (CBA) for 8 lakh square feet of office space in Bengaluru. This significant deal highlights Embassy REIT's growing influence in the commercial real estate sector and underscores Bengaluru's attractiveness as a key business hub.

The leased space, located in a prime office complex, will serve as the new headquarters for CBA's operations in India. This expansion reflects CBA's confidence in the Indian market and its commitment to strengthening its presence in the region. The move is expected to enhance CBA's operational efficiency and provide a modern work environment for its employees.

This lease agreement is a substantial boost for Bengaluru's office market, demonstrating resilience and growth despite broader economic uncertainties. The new arrangement aligns with Embassy REIT's strategy of attracting high-profile tenants and expanding its portfolio of premium office spaces.

The transaction underscores the continued demand for quality office real estate in key Indian cities, driven by the expanding presence of multinational corporations and evolving business needs. Embassy REIT's latest deal with CBA further solidifies its position as a leading player in the Indian real estate market.

Real Estate

06 Apr 2026

Dubai Q1 Property Sales Rise 23.4% in Value

Dubai’s real estate market recorded 47,996 sales transactions worth AED 176.7 billion in Q1 2026, marking a 5.5 per cent year-on-year rise in volume and a 23.4 per cent increase in value. As per a report by fäm Properties, the off-plan segment remained the key driver, accounting for 70 per cent of transaction volume and 71 per cent of total value, underlining the strong momentum of new project launches across the emirate.Data from DXBinteract showed that off-plan sales in March alone reached 10,303 transactions worth AED31.2 billion, up 5.4 per cent in volume and 8.9 per cent in value over ..

Häfele Opens Appliances Studio in Kochi

Häfele has expanded its presence in Kerala with the launch of a new Appliances Studio in Kochi, strengthening access to its premium appliance portfolio in the region. The move is aimed at bringing the brand’s integrated kitchen and appliance solutions closer to customers in the Kochi market. Spread across 2,000 sq ft, the studio is positioned among the largest appliance galleries in Kerala. The space has been designed to offer an immersive customer journey, with a live kitchen setup and functional display zones that present appliances in real-use environments. The studio showcases buil..

MAIA Estates Launches ‘The Seven’ in South Bengaluru

MAIA Estates has recently announced the launch of ‘The Seven’, a premium residential development in Basavanagudi, South Bengaluru. The project comprises twin towers across a 3.67-acre site, offering 128 exclusive 4 BHK+ residences spread over 36 storeys, with a total saleable area of around 6,00,000 sq ft. Completion is targeted by 2029.Developed under a joint development agreement, the project is backed by Rs 1.2 billion in institutional funding from Arnya Real Estate Fund – Debt. The launch marks the company’s entry into South Bengaluru, a micro-market characterised by limited premiu..