India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024
Brookfield India REIT unitholders have approved the acquisition of three floors at Godrej BKC in Mumbai. The ₹17,000 million deal targets a 7.1% net distributable cash flow yield, with the 264,000-sq-ft asset expected to reach full committed occupancy by September 30, 2026.
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Trichy’s coworking sector is expanding rapidly, with available seats reaching around 2,250 across at least 15 centres by August 2026. Rising demand from startups and MNC backend operations is driving growth, while lower costs and reduced attrition strengthen the Tier-II city’s appeal. Operators are also expanding beyond traditional premium locations.
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Pune’s commercial office market is gaining momentum, with TIAA Global Capabilities leasing 255,713 sq ft, underscoring continued demand for large workplace campuses. The transaction reflects changing occupier priorities around accessibility, quality, and hybrid work, while raising broader questions about transport, infrastructure, and sustainable growth as Pune’s office districts expand.
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India’s flexible workspace sector is becoming a core part of corporate real estate, accounting for 27% of office leasing in H1 2026. Flex leasing has grown faster than traditional Grade A offices, while enterprises and GCCs increasingly choose managed workspaces to reduce upfront costs and scale faster.
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