India's Office Space Supply Hits Record High in 2024
- Industry News
- March 12, 2025
CorporatEdge, a leading provider of premium flexible workspaces, has announced a significant expansion in Bengaluru with a ₹100 crore investment. The company plans to open six new centres, adding 200,000 sq. ft. of workspace and over 2,400 seats to meet the city’s growing demand for high-end, agile office solutions.
READ MOREPratyush Pandey has resigned as CEO of Upflex India, a leading coworking marketplace. Upflex entered India in 2021 through a partnership with Anarock, expanding across multiple cities. Pandey, who played a key role in this expansion, confirmed his resignation but did not disclose his plans.
READ MORENukleus Office Solutions’ IPO received a lukewarm response, reaching 41% subscription on Day 1. Retail investors subscribed 61%, while NIIs lagged at 21%. The company aims to raise ₹31.7 crore at ₹234 per share. With steady financial growth, its BSE SME listing is set for March 4.
READ MOREOfis Square, a leading provider of coworking and fully managed office spaces is making a bold move in the ICC Champions Trophy 2025. By securing strategic ad placements in key India matches, the brand aims to boost visibility among professionals, entrepreneurs, and businesses while tapping into the tournament’s massive audience.
READ MOREIndia’s real estate market is rapidly growing, projected to hit $1.28 trillion by 2035 at a 24.29% CAGR. Foreign investments are surging, with 55% of Q1 2024 inflows from global investors. Office leasing, affordable housing, and tech-driven developments fuel this boom, solidifying India’s global position.
READ MOREMumbai Coworking has launched a premium coworking space in Andheri West, responding to the surging demand for flexible workspaces. The new hub fosters creativity and collaboration by featuring modern amenities, high-speed internet, and scalable office solutions. CEO Waqar Azmi emphasizes its role in shaping Mumbai’s evolving workspace culture.
READ MOREAwfis, India’s top coworking space provider, allotted 1.34 lakh shares under ESOP 2015, raising its paid-up capital to INR 70.96 crore. This follows a 6.16 lakh share allotment in November 2024. The company faces a tax probe while reporting strong Q3 FY25 earnings and revenue growth.
READ MOREInnov8 Workspaces India, backed by Oyo Hotels and Homes, has secured a fresh investment from InCred Wealth and Investment Services at a valuation of Rs 1,000 crore. Exceeding USD 10 million, the deal will fuel Innov8’s expansion across India, with plans to double its coworking centres to 100 by 2025.
READ MORENukleus Office Solutions is launching its SME IPO on February 24 to raise Rs 31.7 crore. The funds will support expansion, technology upgrades, and marketing. Priced at Rs 234 per share, the IPO closes on February 27, with trading on BSE SME beginning on March 4.
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