Smartworks Renews 2.3 Lakh Sq. Ft. Hyderabad Office Lease in ₹121 Crore Commitment
- Industry News
- June 24, 2026

Smartworks has renewed its lease for approximately 2.3 lakh sq. ft. of office space at Aurobindo Galaxy in Hyderabad’s Madhapur district. The five-year agreement carries a total rental commitment of ₹121 crore, reflecting continued demand for managed workspaces as Hyderabad strengthens its position as a leading technology and GCC hub.
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Kohinoor Group has promoted Prasanth Gopinath as CEO and Executive Director of its Commercial Business Unit as it accelerates its expansion in Pune’s office market. The developer aims to develop, lease, and manage over 12 million sq. ft. of Grade A commercial real estate by 2030.
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Avenue Supermarts, the operator of DMart, has acquired a 1.7 lakh sq. ft. commercial building in Bengaluru for ₹106.2 crore. Located in Panathur Village, East Bengaluru, the transaction includes multiple floors, basement parking, and terrace rights, highlighting growing corporate investment in premium commercial real estate assets.
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Office REIT penetration in India is expected to rise from 19% to 30% by 2030, according to Colliers India. Strong leasing activity, growing institutional ownership, increasing retail investor participation, and a pipeline of 370 million sq. ft. of REIT-ready office stock are driving the next phase of growth.
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This guide evaluates workspace strategies for India’s expanding GCC and enterprise sectors. While coworking spaces offer immediate agility for smaller, short-term project teams, managed offices provide the vital data security, strict compliance, brand customisation, and long-term cost efficiency required for scaling large enterprise operations.

Discover how 2026 coworking spaces have transitioned from flexible desks to vital wellness infrastructures. This deep dive explores “ambient belonging,” biophilic design, and cognitive zones that combat isolation and burnout. Learn why shared environments outperform home and traditional offices by prioritising mental health and professional autonomy for sustainable performance.

This guide explains why managed offices have evolved into a strategic business decision in 2026. It highlights how flexibility, location, customization, technology, and employee experience now play a critical role in driving growth, reducing risk, and improving operational efficiency. It also outlines how modern providers deliver enterprise-grade infrastructure and financial transparency, making managed workspaces a smarter alternative to traditional leases.

Global Capability Centres (GCCs) in India are shifting from rigid, long-term leases to flexible, managed office spaces. This change prioritises speed and agility, allowing multinational firms to scale rapidly without high upfront costs. By choosing managed spaces, these companies gain modern, move-in-ready hubs that better support innovation and evolving talent needs.













In 2026, successful hybrid leadership requires shifting from presence-based monitoring to outcome-driven accountability. Leaders must intentionally choreograph physical and digital workspaces, enforce strict boundary hygiene to prevent burnout, and reduce friction with updated technology. Prioritising psychological safety and empathetic listening ensures distributed teams remain connected, productive, and resilient.

In 2026, hybrid work is the global standard, yet effective execution remains a challenge. This guide explores the shift from visibility to outcome-based management, the necessity of “System Leadership,” and the importance of intentional communication. By prioritising trust, sustainable performance, and integrated technology, leaders can build high-performing, resilient, and deeply engaged distributed teams.

India’s professional landscape is decentralising, with Tier-2 cities such as Jaipur, Indore, Kochi, and Lucknow becoming thriving startup hubs. Driven by lower costs, government initiatives, and remote work trends, coworking spaces in these cities offer essential infrastructure and community, fostering a new wave of entrepreneurship outside traditional metropolitan centres.

Businesses can significantly reduce real estate costs by shifting from traditional office leases to flexible coworking spaces. Coworking lowers lease expenses, eliminates upfront infrastructure investments, bundles utilities and maintenance into one predictable fee, and optimises space usage. It also provides prime locations, scalability, operational efficiency, and networking benefits, supporting agile, cost-effective growth.