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

India has officially joined the global top league, with its office space stock surpassing 1 billion sq. ft. and reaching a valuation of $186 billion, according to a new CII–Knight Frank India report. But with leasing activity booming and supply lagging, the next growth phase demands bold action and fresh inventory.
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EFC (I) Limited, known for its enterprise office spaces, is entering the retail leasing sector under the new vertical ‘EFC Retail Spaces’. With launches targeted for January 2026, the company is focusing on metro and tier-1 cities, including Mumbai, Delhi, Pune, and Bengaluru. EFC aims to cater to luxury boutiques, showrooms, and high-street retail, tapping into India’s evolving consumer landscape and attracting top retail brands and investors.
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Brawn Globus has completed the 39,500 sq. ft. Moody’s India office at Max Square, Noida, in a record 75 days. The project blends people-centric design with high-speed execution, reflecting global workplace standards. As a full-scope turnkey project, it reinforces Brawn Globus’s position as a trusted leader in India’s design and build space.
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Brookfield India REIT will acquire Ecoworld—a 7.7 msf Grade-A campus on Bengaluru’s Outer Ring Road—for ₹13,125 crore, marking India’s largest office transaction. The deal expands the operating area to 32.3 msf, lifts GAV to ₹53,600 Crore, and is expected to raise DPU by ~3%. Funding blends new debt and equity; GCC tenancy deepens.
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Vanguard has launched its first India Global Capability Centre in Hyderabad, targeting ~300 hires by the end of 2025 and ~2,300 by 2029. The hub will drive cloud modernisation, data, AI/ML, and cybersecurity, with collaborative labs to speed digital innovation. Telangana leaders hailed the move as proof of Hyderabad’s talent depth and momentum in the GCC.
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Smartworks Coworking Spaces Limited has signed a landmark 815,000 sq. ft. agreement at Eastbridge, Mumbai—developed by the Niranjan Hiranandani Group—creating the world’s largest managed office campus. With WELL and IGBC-certified infrastructure and a focus on sustainability and wellness, this project cements Smartworks’ leadership in India’s managed workspace evolution.
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