India Crosses 1 Billion Sq Ft in Office Space, Now Worth $186 Billion
- Industry News
- November 7, 2025

India has officially joined the global top league, with its office space stock surpassing 1 billion sq. ft. and reaching a valuation of $186 billion, according to a new CII–Knight Frank India report. But with leasing activity booming and supply lagging, the next growth phase demands bold action and fresh inventory.
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EFC (I) Limited, known for its enterprise office spaces, is entering the retail leasing sector under the new vertical ‘EFC Retail Spaces’. With launches targeted for January 2026, the company is focusing on metro and tier-1 cities, including Mumbai, Delhi, Pune, and Bengaluru. EFC aims to cater to luxury boutiques, showrooms, and high-street retail, tapping into India’s evolving consumer landscape and attracting top retail brands and investors.
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Brawn Globus has completed the 39,500 sq. ft. Moody’s India office at Max Square, Noida, in a record 75 days. The project blends people-centric design with high-speed execution, reflecting global workplace standards. As a full-scope turnkey project, it reinforces Brawn Globus’s position as a trusted leader in India’s design and build space.
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Brookfield India REIT will acquire Ecoworld—a 7.7 msf Grade-A campus on Bengaluru’s Outer Ring Road—for ₹13,125 crore, marking India’s largest office transaction. The deal expands the operating area to 32.3 msf, lifts GAV to ₹53,600 Crore, and is expected to raise DPU by ~3%. Funding blends new debt and equity; GCC tenancy deepens.
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Hebbal, once a quiet suburb, is rapidly transforming into one of Bangalore’s premier business districts for startups, corporates, and SMEs seeking modern coworking and managed office spaces. A combination of strategic connectivity, investor interest, and high-quality amenities is driving this shift, making Hebbal a compelling choice for growth-focused enterprises and professionals.

Flexible workspaces have evolved from niche startup hubs to mainstream solutions for corporations and global enterprises, driven by the need for agility, cost-efficiency, and resilience. With recent economic and security challenges—like COVID-19 and regional tensions—businesses increasingly view long-term leases as liabilities and seek office models tailored to rapid change.

Gurgaon and Noida represent two distinct visions of modern workspaces in Delhi-NCR. While Gurgaon caters to premium corporate needs and global brands, Noida offers value-driven, scalable solutions for startups and tech firms. This article explores their evolving office space trends, driven by hybrid work and GCC-led demand shifts.

Tata Digital has leased 58,668 sq. ft. at One International Centre, Lower Parel, Mumbai, at ₹1.06 crore monthly rent. The five-year deal includes 49 parking slots, a 5% annual rent escalation, and a 5.5-month rent-free period, signalling strong demand for premium office space in Mumbai’s thriving commercial real estate market.













This edition of Perspectives by Q brings JustCo’s Michael Sim and Qdesq’s Paras Arora together to discuss India’s flex evolution. From Delhi-NCR’s market readiness to enterprise-focused solutions, the dialogue highlights how global standards and local demand are shaping the next phase of coworking and managed office growth.

India’s coworking future is shifting from metros to 500+ Tier 2 and 3 cities, driven by talent retention, local GCCs, and startups. Innovative models of government incubators, PPPs, university-linked hubs, plus capex-light economics and community focus, require supportive policies for scalable, sustainable flex spaces across Bharat’s diverse ecosystems.

This article provides a roadmap for aspiring community managers in the coworking industry, outlining key career stages from entry-level roles to executive positions. It highlights the importance of operational expertise, soft skills, leadership, and strategic thinking, offering insights into the path of career growth and community-building success.

A community-driven coworking space goes beyond shared desks, fostering collaboration, inclusivity, and flexibility. It creates an adaptable environment where individuals feel supported, engage in meaningful connections, and contribute to a shared purpose. This culture of belonging enhances productivity, innovation, and growth for everyone involved.