India's Office Space Supply Hits Record High in 2024
- Industry News
- March 12, 2025
Ashish Agarwal transformed a delayed job offer into Enzyme Office Spaces, a ₹60 crore venture redefining workspaces for startups. With 1.1 million sq. ft. in nine years, Enzyme offers affordable, collaborative spaces. Now expanding to Delhi-NCR and Pune, Ashish aims for ₹100 crore revenue, inspiring the startup community with innovation and resilience.
READ MOREThe hotelisation trend is revolutionising office design, merging work and hospitality to create inviting, flexible, and tech-enabled environments. By blending comfort with collaboration, these spaces promote employee well-being, foster innovation, and adapt to evolving workforce needs. As workspaces transform, they become hubs of creativity and growth, redefining the future of work.
READ MOREAmritsar is evolving into a promising hub for local sales offices. With affordable real estate, strategic connectivity, skilled talent, and flexible workspaces like MyBranch, the city offers businesses a gateway to northern markets. Supported by pro-business policies and cultural vibrancy, Amritsar is primed for regional expansion and modern workplace innovation.
READ MOREEquinox India, formerly Indiabulls Real Estate, debuts under the ‘Embassy’ banner with the launch of Embassy One in Thane. Backed by ₹3,911 crore investment from Embassy Group and partners, the company plans premium projects in MMR, Bengaluru, and Chennai while awaiting NCLAT’s decision on its merger with Embassy Group.
READ MOREChennai is set to host 450+ Global Capability Centres (GCCs) by 2030, up from 250 today, driven by premium office spaces, skilled talent, and proactive policies. CBRE’s report highlights Chennai’s ranking as India’s third-largest GCC leasing market, with robust growth in office absorption and strategic appeal for global corporations.
READ MOREOnward Workspaces partners with Lenskart to deliver a 14,000 sq. ft. managed office in Okhla Phase 3, Delhi. The bespoke space, accommodating 300 employees, reflects Lenskart’s brand identity. With ₹1,800 per sq. ft. investment, Onward advances its mission to provide premium, flexible workspaces, aligning with the growing demand for dynamic office solutions.
READ MOREGSK unveils a smart office in Gurgaon, redefining workspaces with a human-inspired design. It fosters collaboration and productivity and has flexible seating, cabin-less layouts, and tech-enabled spaces. Inspired by the heart, vein, brain, and skin, this innovative office symbolizes GSK’s commitment to employee well-being, creativity, and a dynamic work environment.
READ MOREGurgaon emerges as India’s commercial real estate hotspot, offering strategic connectivity, premium office spaces, and a vibrant business ecosystem. With cutting-edge infrastructure, government support, and over 250 Fortune 500 companies, the city attracts global firms seeking innovation and growth. Its affordable Grade-A spaces and hybrid work solutions redefine modern business environments.
READ MORENippon Life India Asset Management invests ₹486 crore in two premium office spaces at One Lodha Place, Lower Parel, Mumbai. The acquisition reflects Mumbai’s rising demand for Grade-A commercial hubs. Backed by Nippon Life Insurance, NAM India strengthens its presence in India’s financial capital, targeting innovation and excellence in real estate expansion.
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