India's Office Space Supply Hits Record High in 2024
- Industry News
- March 12, 2025
India’s GCC sector, currently contributing 3.5% to GDP, is expected to grow to over 5% by 2030, driven by AI technologies like DeepSeek. The sector is shifting focus to Tier-2 cities due to rising operational costs in metros, with the 2025 Budget expected to support decentralisation and innovation.
READ MOREIndia’s construction landscape is evolving with a focus on sustainability as top developers embrace green building practices. Companies like Godrej Properties, Tata Realty, and Mahindra Lifespace set new benchmarks for sustainable urban development by incorporating energy-efficient designs, renewable energy, and eco-friendly materials.
READ MOREManmeet Ahuja’s 4,500 sq. ft. designer studio in Gurugram blends luxury, creativity, and functionality to create an inspiring workspace. The studio is setting a new benchmark in workspace aesthetics, fostering productivity and innovation in a luxurious environment with its timeless black-and-white theme, thoughtful design, and attention to well-being.
READ MOREWeWork India is set to go public, filing its IPO draft with SEBI via an offer-for-sale, allowing promoters to offload stakes without fresh capital infusion. The company has rebounded financially, distancing itself from WeWork Global’s struggles. Amid rising competition, its success hinges on sustaining profitability and investor confidence.
READ MORESimpliwork Offices has leased 1.5 lakh sq. ft. at Embassy Manyata Business Park, Bengaluru, for ₹100 crore, with an additional ₹40 crore investment in workspace development. The expansion strengthens its premium flex office portfolio, aligning with rising corporate demand. With ₹850-900 crore revenue projections, Simpliwork continues to dominate India’s flex workspace sector.
READ MOREWeWork India has posted a ₹174.13 crore profit in H1 FY25, marking a strong turnaround amid rising demand for flexible workspaces. The company plans an IPO through a ₹4.37 crore share Offer for Sale. With a 77 lakh sq. ft. portfolio, it aims to enhance visibility and liquidity through public listing.
READ MOREThe National Payments Corporation of India (NPCI) has leased 1.15 lakh sq. ft. of office space in Goregaon, Mumbai, for ₹136 crore, marking its expansion in India’s digital payments ecosystem. This move reflects the growing demand for commercial real estate, as Mumbai remains a hub for Grade-A office spaces, hybrid work models, and fintech growth.
READ MOREAmbience Corporate Tower in Gurugram redefines workspace design with its minimalist architecture, modular layouts, and energy-efficient facade. Designed by Grid Plc, it offers scalable office solutions, optimised circulation, and sustainable features like solar louvres and double-glazed glass, making it a future-ready, flexible corporate hub in India’s business landscape.
READ MOREShivalik Curv, a 32-story twisting office tower in GIFT City, Ahmedabad, blends bold architecture with sustainability. Designed by INI Design Studio, it features a 38-degree floor rotation, energy-efficient systems, and green terraces. The landmark office space embodies innovation, flexibility, and eco-conscious urban development, redefining India’s workspace landscape.
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