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

Mapletree Investments is exploring a potential REIT listing of four office parks in India. The proposed trust could raise up to $600 million at a valuation of around $2.5 billion. A Mumbai listing is being considered for mid-to-late 2027 as office demand and investor interest remain strong.
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Enterprise workplace demand is shifting from traditional coworking towards managed workspace models that combine real estate, design, technology, operations and employee experience. Table Space President and Co-CEO Kunal Mehra highlights repeat enterprise demand, global capability, AI-led operations and hospitality as key factors shaping the next phase of the managed office market.
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Hyderabad recorded 9.4 million sq ft of Grade A office leasing between January and September 2026, keeping it second among India’s top office markets. GCCs, technology firms and flexible workspace operators supported demand, while the city added 6.7 million sq ft of new supply in Q3.
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WeWork India’s first Sustainability Report for FY2025-26 shows a rise in renewable electricity use from 15.3% to 27.8%, alongside a 15.5% decline in Scope 1 and 2 emissions. The flexible workspace operator also improved energy efficiency and expanded ESG reporting with support from Schneider Electric.
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Smartworks has signed new managed office leasing engagements worth around ₹305 crore with large Indian and global companies. The deals add to its recent contracted rental revenue, bringing it to approximately ₹540 crore. The company manages 16.9 million sq ft across 70 centres and continues to expand its workspace network.
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India’s top seven office markets recorded 9% annual growth in gross leasing during Q3 2026, reaching 18.7 million sq ft. Bengaluru, Delhi-NCR, Hyderabad and Kolkata expanded, while Mumbai, Pune and Chennai declined. GCCs, technology, BFSI and flexible workspace operators remained major demand drivers, supporting a strong outlook for 2026.
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