India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Real estate emerged as India’s fastest-growing services sub-sector in June 2026, expanding 24.7% year on year, according to MoSPI. Retail, wholesale, IT and administrative services also posted strong gains. The performance comes as India’s Q1 FY27 GDP growth reached 7.8%, highlighting resilient economic activity despite global uncertainties.
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India’s real estate sector is expected to require nearly INR 50 trillion in capital over the next decade. Commercial real estate remains a key institutional investment destination, with office assets attracting over 40% of inflows. Stable credit conditions, REIT activity and improving margins are supporting the sector through FY27.
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The Executive Centre India has opened a 94,100 sq ft coworking facility at DLF Atrium Place in Gurugram. The expansion comes as demand for flexible workspace rises across India. Managed offices and coworking accounted for 22% of office leasing in the June quarter, highlighting the sector’s growing importance.
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WeWork India has signed a 141,392 sq ft managed office lease with Cognizant Technology Solutions India in Chennai. The agreement covers two floors at Embassy Splendid TechZone and offers 2,605 seats. At about ₹14,000 per seat per month, the deal marks WeWork India’s first lease transaction with Cognizant.
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