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

Smartworks has leased nearly 2 lakh sq. ft. of office space on Bengaluru’s Sarjapura Main Road at a monthly rent of ₹1.94 crore under a six-year agreement. The deal reflects rising enterprise demand for managed workspaces as India’s flex office market records strong growth, with Bengaluru continuing to lead nationwide absorption.
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WeWork India is entering FY27 with strong momentum, backed by high occupancy, rising margins and expanding enterprise demand. The company plans to add nearly 28,000 seats, with half already pre-committed through managed office deals. Growing GCC activity, limited office supply and pricing strength are expected to support further profitability and sustained growth.
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India has emerged as the top real estate yield market in the Asia Pacific. Investment volumes jumped 189% year-on-year in Q1 2026, driven by strong demand for Grade A office assets, logistics parks, student housing, and REIT-backed investments. The report highlights growing institutional interest and rising confidence in India’s commercial real estate sector.
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India’s Grade-A office market recorded 13.5 million sq. ft. of net absorption in Q1 2026, led by Bengaluru, Hyderabad, and Chennai. GCCs accounted for nearly 47% of leasing demand, while vacancy levels improved across major cities as occupiers continued prioritising premium, sustainable, and future-ready office developments.
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