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

Mindspace REIT has raised ₹500 crore through a 10-year non-convertible debenture issuance at a fixed coupon rate of 7.63%. The fully subscribed issue, backed by a leading life insurance company, will help refinance debt, extend borrowing maturities, and improve cash flow predictability amid changing interest rate conditions.
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Awfis has expanded its Chennai portfolio by leasing more than 110,000 sq ft across two new centres at Olympia Crystal and DLF Cyber City. With this addition, the company now operates 28 centres spanning 8.75 lakh sq ft in Chennai, driven by strong enterprise and GCC demand for flexible workspace solutions.
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McKinsey & Company India LLP has renewed its 35,520 sq ft office lease at Maker Maxity in Mumbai’s Bandra-Kurla Complex for 10 years at a monthly rent of ₹2.58 crore. The deal reflects surging commercial rents in BKC, where global firms like Google, Meta, JPMorgan, and BNP Paribas continue to expand their office footprints.
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Smartworks Coworking Spaces Ltd. reported a 45% year-on-year revenue jump to ₹520 crore in Q4FY26. The company’s growing focus on enterprise infrastructure and GCC-led demand has expanded its operational portfolio beyond 10.1 million sq ft, though high lease liabilities and elevated valuations continue to draw mixed market reactions.
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