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

Google India has leased over 6.2 lakh sq. ft. of office space at DLF Atrium Place Tower 1 in Gurugram. The deal highlights strong demand for Grade A office assets, strengthens Gurugram’s position as a leading corporate hub, and reflects continued confidence in physical workplaces despite evolving work models.
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Flexible workspace operator Incuspaze has acquired coworking firm iKeva through a 100% buyout, strengthening its presence in Hyderabad and Bengaluru. The deal adds nearly ₹100 crore in annual revenue, supports enterprise and GCC demand, and aligns with the company’s plans for a potential IPO within the next 24–36 months.
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India’s office market recorded its strongest-ever first quarter in 2026, with 21.5 million sq. ft. of gross leasing and 13.7 million sq. ft. of net absorption, according to JLL. Demand was led by GCCs (45.5%) and flex workspace operators (25.9%), while vacancy fell to a five-year low of 14.7%. Bengaluru emerged as the top-performing market, and tightening Grade A supply is expected to drive rental growth across major office hubs throughout 2026.
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India’s commercial real estate sector is witnessing a structural shift as flexible workspaces, hybrid work models, and integrated developments gain momentum. Industry leaders say rising leasing activity, growing Grade A demand, and evolving occupier expectations are transforming offices into agile, experience-led ecosystems, positioning flex spaces as a key driver of future workplace growth.
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