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

Flexible workspace platform Stylework has raised $1 million in the second close of its pre-Series B funding round led by Auxano Capital. The fresh capital will support expansion into Tier I and Tier II cities, strengthen its AI-driven workspace platforms, enhance enterprise partnerships, and accelerate workspace digitisation across India.
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Nuvama Asset Management and Cushman & Wakefield have closed their ₹4,000 crore PRIME Offices Fund, surpassing its initial target due to strong investor demand. Nearly 45% of the capital has already been deployed into premium office assets, with GCCs occupying more than half of the fund’s commercial portfolio.
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India’s office market recorded a historic 43 million sq. ft. of gross leasing in H1 2026, up 5% year-on-year despite global uncertainty. GCCs and flexible workspace operators led demand, while lower new supply pushed vacancy to post-pandemic lows, strengthening rental growth and reinforcing confidence in India’s commercial real estate sector.
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Smartworks has completed the acquisition of Singapore-based Workstudio Spaces, expanding its managed workspace portfolio in the city to over 76,000 square feet across four centres. The deal adds more than 45 enterprise clients and over 1,500 seats, strengthening the company’s position in Singapore’s growing flexible workspace market.
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