India's Office Space Supply Hits Record High in 2024
- Industry News
- March 12, 2025
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Innov8 launches its largest flex space centers in Mumbai in 2 lac sq ft0
- Industry News
- December 20, 2024
Innov8 opens two flagship centers in Navi Mumbai and Andheri, offering 2 lakh sq. ft. of premium flex space with 3,000 seats. Strategically located, they cater to startups, enterprises, and freelancers, fostering productivity with vibrant, future-ready workspaces.
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Bank of America Secures 1.60 Lakh Sq Ft Office Space in Mumbai’s Powai for ₹3.5 Billion0
- Industry News
- December 19, 2024
Bank of America leases 160,000 sq ft in Mumbai’s Powai for ₹3.5 billion, with options to expand to 250,000 sq ft. The 12-year deal reflects growing demand from BFSI Global Capability Centres. This relocation and expansion highlight Mumbai’s rising prominence as a hub for international financial services operations.
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Delhi-Meerut Rapid Rail Stations to Evolve into Commercial Hubs0
- Industry News
- December 18, 2024
The Delhi-Meerut RRTS will transform key stations into vibrant commercial hubs with shopping, dining, and integrated parking facilities. Targeting six stations, the project invites developers to submit proposals by December 27. With 22 stations and reduced travel time to one hour, the 82-km corridor redefines transit-oriented development.
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Dextrus Announces Launch of New Premium Coworking Space in Mumbai | Dextrus, Mint, Sahar Plaza, Andheri East!0
- Industry News
- December 18, 2024
Dextrus announced its premium workspace launch at Mint, Sahar Plaza, Andheri East, opening September 2025. Spanning 37,000 sq ft, it features bespoke offices, flexible desks, and eco-friendly infrastructure. Strategically located near JB Nagar Metro, it combines luxury, sustainability, and connectivity to create a vibrant professional community.
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Cognizant to Sell Historic Chennai Headquarters for ₹800 Crore0
- Industry News
- December 17, 2024
Cognizant plans to sell its historic 15-acre Chennai headquarters for ₹750-800 crore by December 2024. The move marks a shift to its new India HQ at MEPZ, Tambaram, as part of consolidation efforts. The sale highlights operational streamlining amid challenges like delayed salary hikes and cost optimization initiatives.
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State Street Signs ₹350 Crore Lease for Office Space in Mumbai’s BKC0
- Industry News
- December 17, 2024
State Street Corporation leases 250,000 sq. ft. at Mumbai’s BKC for ₹350 crore, establishing a Global Capability Center. The Equinox Business Park deal reflects India’s growing appeal for multinational firms, driven by a skilled workforce and cost benefits. BKC’s premium location sees 99% occupancy, underscoring demand for commercial real estate.
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Philippines Attracts Indian BPOs with Affordable Office Space and Rapid Growth0
- Industry News
- December 17, 2024
Indian BPOs are expanding to the Philippines, attracted by Metro Manila’s low prime office rents, averaging $29.64 per sq ft. With office stock doubling in a decade and refurbished POGO spaces ready for quick use, the Philippines offers cost-effective options, positioning itself as a prime outsourcing destination.
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Microsoft Strengthens Indian Presence with Land Acquisition Near Hyderabad0
- Industry News
- December 16, 2024
Microsoft acquires 121,000 sq yards of land near Hyderabad for ₹181.25 crore, expanding its data centre footprint in India. Microsoft bolsters its cloud infrastructure with recent land purchases in Hyderabad and Maharashtra. It also grows its flexible office presence to 400,000 sq ft, reinforcing its long-term commitment to India.
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Peak XV and Others to Offload ₹583 Crore Stake in Awfis0
- Industry News
- December 16, 2024
Peak XV, Bisque Limited, and Link Investment Trust plan to sell a ₹583 crore stake in Awfis via a block deal. Awfis, India’s largest flexible workspace provider, reported a ₹38.67 crore Q2 FY25 profit and 40.46% revenue growth, bolstered by strategic expansions and a robust market presence.
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About Flex Insights
theflexinsights.com is a platform aiming at being the go-to place for insights, trends and predictions about coworking and flexible workspaces in India. It aims at connecting individuals, businesses and workspaces to create a fostering environment and to propel growth for the overall coworking and flexible workspaces industry within India.
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The BFSI Sector's Strategic Embrace of Flexible Office Spaces
- Leadership
- September 12, 2024