AIPL, a leading realty developer, is aggressively expanding its rental portfolio, aiming to reach nearly 5 million square feet by 2025. This ambitious plan will see the company's portfolio nearly quadruple in size, driven by strong demand for high-quality office spaces in key markets like Delhi-NCR and Punjab. AIPL's flagship project, AIPL Masterpiece, has already attracted prominent corporates like Perfetti and Samman Capital, demonstrating the company's commitment to providing modern infrastructure and world-class amenities. This expansion aligns with the robust demand for office space across India, as evidenced by the recent surge in leasing volumes and supply additions in major cities like Bengaluru, Mumbai, Delhi NCR, and Hyderabad.
Realty developer AIPL is aggressively expanding its rental portfolio, aiming to reach nearly 5 million square feet by adding multiple retail and office complexes currently under construction. This ambitious plan will see the company's portfolio nearly quadruple in size, with a focus on Delhi-NCR and Punjab.
Currently, AIPL operates 1.4 million square feet of commercial space. By the second quarter of 2025, two major projects, AIPL Statement and AIPL Autograph, will be completed, adding 3.5 million square feet of leasable area. This expansion plan is driven by strong demand for high-quality office spaces, as evidenced by the company's flagship project, AIPL Masterpiece, which houses prominent corporates like Perfetti and Samman Capital.
Perfetti has leased 36,000 square feet in AIPL Masterpiece, while Samman Capital has taken approximately 16,500 square feet. This success is attributed to AIPL's commitment to providing modern infrastructure and world-class amenities, attracting leading businesses seeking to expand their operations.
The company's growth strategy aligns with the robust demand for office space across India. A recent Cushman & Wakefield report highlights strong occupier demand, with pan-India leasing volumes exceeding 20 million square feet (MSF) in Q1 2024 for the third time since the COVID-19 pandemic. This signifies a significant surge in activity within the office real estate market, indicating a positive outlook for the sector.
Bengaluru continues to be a leading market, contributing significantly to the pan-India demand with several large deals finalized. Mumbai, Delhi NCR, and Hyderabad also witnessed robust lease transactions. The first quarter of 2024 saw a substantial increase in supply year-on-year, with developers accelerating project completions. Hyderabad led the supply addition in Q1, followed by Bengaluru and Delhi NCR.
AIPL's expansion strategy reflects the positive outlook for the Indian office real estate market. The company's commitment to delivering high-quality spaces, coupled with the strong demand for office space, positions AIPL for continued growth and success in the coming years.
Advertisement
Facebook
Whatsapp
