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

Trichy’s coworking sector is expanding rapidly, with available seats reaching around 2,250 across at least 15 centres by August 2026. Rising demand from startups and MNC backend operations is driving growth, while lower costs and reduced attrition strengthen the Tier-II city’s appeal. Operators are also expanding beyond traditional premium locations.
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Pune’s commercial office market is gaining momentum, with TIAA Global Capabilities leasing 255,713 sq ft, underscoring continued demand for large workplace campuses. The transaction reflects changing occupier priorities around accessibility, quality, and hybrid work, while raising broader questions about transport, infrastructure, and sustainable growth as Pune’s office districts expand.
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India’s flexible workspace sector is becoming a core part of corporate real estate, accounting for 27% of office leasing in H1 2026. Flex leasing has grown faster than traditional Grade A offices, while enterprises and GCCs increasingly choose managed workspaces to reduce upfront costs and scale faster.
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UrbanVault has expanded into Chennai with 1,00,000 sq ft of flexible workspace across three properties, taking its national portfolio beyond 3 million sq ft. The move comes amid strong sector growth, driven by enterprise demand and new workspace formats, with major operators posting higher revenues in Q1 FY27.
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