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

Embassy Office Parks REIT has raised ₹1,000 crore through three-year floating-rate Non-Convertible Debentures, becoming the first Indian REIT to access scheduled commercial bank financing at the trust level. The transaction follows the RBI’s June 2026 framework and expands institutional funding options for India’s listed commercial real estate trusts.
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India’s religious cities are emerging as new commercial real estate markets, with rising pilgrim footfall, infrastructure spending, and improved connectivity driving demand. Ayodhya, Vrindavan, Varanasi and Ujjain are seeing activity across hospitality, retail, healthcare and mixed-use projects, while developers increasingly explore opportunities in expanding visitor-led commercial ecosystems.
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Awfis has launched a 100,000 sq ft Elite workspace at Prestige Trade Centre in Delhi Aerocity, targeting GCCs and enterprise occupiers. The centre offers built-to-suit and ready-to-move-in offices, hospitality-led amenities and technology-enabled services. It becomes Awfis’ ninth Elite centre as the company expands its premium workspace presence.
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NBCC has handed over two towers at Bharat Business Park in Sarojini Nagar to SBER India in a transaction valued at over ₹2,000 crore. Covering 5.17 lakh sq. ft. of office space, the deal gives SBER India a substantial commercial footprint while strengthening India-Russia business cooperation.
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