India’s thriving real estate sector, AIPL (Aesthetic India Properties Limited) is set to significantly expand its rental portfolio. The company plans to grow its current rental space from 1.4 million sq ft to nearly 5 million sq ft by 2025, underlining its commitment to meeting the increasing demand for premium office and retail spaces.
The expansion includes two major projects, AIPL Statement and AIPL Autograph, which will together add 3.5 million sq ft of leasable area to AIPL’s portfolio. These projects, scheduled for completion by Q2 2025, are strategically located in the Delhi-NCR region and Punjab, reflecting the company’s focus on these high-demand markets. The AIPL Masterpiece, another prominent development, already houses notable corporates such as Perfetti and Samman Capital. Perfetti occupies 36,000 sq ft, while Samman Capital has leased around 16,500 sq ft, showcasing AIPL’s ability to attract leading businesses with its high-quality office spaces.
The Director of AIPL Group, emphasised the company’s dedication to delivering modern, high-quality office environments that cater to the evolving needs of businesses. “The AIPL Business Club, with its state-of-the-art infrastructure and world-class amenities, has become a preferred choice for corporates looking to expand their operations,” official stated. This expansion comes at a time when India’s commercial real estate market is experiencing robust growth. According to a recent Cushman & Wakefield report, pan-India leasing volumes surpassed 20 million sq ft in Q1 2024 for the third consecutive time since the pandemic. This uptick in leasing activity indicates a strong recovery and rising demand in the office space sector.
The report highlights Bengaluru as a key player in this growth, with substantial new leases being signed. Mumbai, Delhi-NCR, and Hyderabad also reported significant lease transactions, with Hyderabad leading in new supply additions. This trend of increasing demand and supply is a positive indicator for India’s real estate market, suggesting continued expansion and investment in the sector. For local communities, AIPL’s expansion means increased job opportunities and enhanced commercial infrastructure, which can spur economic growth and improve local amenities. As AIPL continues to develop high-quality spaces that attract leading businesses, its impact on the real estate market and the broader economy is poised to be substantial.
