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

Brookfield India REIT’s arm, Kairos Properties, has agreed to acquire office units across two floors of the Delphi building in Mumbai’s Powai. The transaction will lift its ownership from 80% to 86% on a gross leased area basis. The deal strengthens its position in Powai’s established commercial ecosystem.
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WeWork India is entering its next growth phase as enterprise and GCC demand reshapes the flex workspace market. The company operates 79 centres across eight cities, with 84.9% portfolio occupancy. Managed-office capacity has nearly doubled in a year, while 36% FY27 capacity growth is already locked in.
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India’s REIT market has reached a new institutional milestone, with market value rising 62% to $17.7 billion by March 2026, according to Cushman & Wakefield. The country has overtaken Hong Kong to become Asia’s fourth-largest REIT market, backed by strong office demand, GCC expansion and a growing development pipeline.
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India has risen five places to 26th in JLL’s 2026 Global Real Estate Transparency Index. Cross-border investment reached a 20-year high of $8.1 billion, while office REIT stock rose 58%. Further reforms could determine India’s ability to attract capital into data centres and AI infrastructure.
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