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

Hrithik Roshan has leased a nearly 6,000 sq. ft. office in Mumbai’s Andheri West to Clearsynth Labs Limited. The lease begins at ₹17 lakh per month, rising to ₹19.55 lakh after three years. The deal highlights the growing appeal of premium commercial assets for long-term rental income.
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Artificial intelligence is rapidly transforming property valuation across India’s real estate sector. AI-powered valuation models are enabling faster pricing, improving lending decisions, increasing market transparency and supporting developers with data-driven insights. While challenges around data quality remain, adoption is expected to accelerate as the market becomes increasingly digital.
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Commercial real estate lending in India continues to accelerate as record office leasing, GCC expansion, flexible workspace demand and data centre investments drive financing activity. Banks and NBFCs are increasing exposure to organised developers backed by stronger balance sheets, while RERA-led discipline is creating a healthier lending environment.
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Bhubaneswar’s coworking market is expanding rapidly as startups, freelancers and SMEs embrace plug-and-play workspaces for their flexibility. Growing demand across key business hubs, combined with fully serviced office solutions and scalable leasing options, is strengthening the city’s position as one of eastern India’s emerging startup and commercial office destinations.
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Large office transactions contributed 59% of India’s total office leasing during H1 2026, according to Knight Frank. Demand from multinational companies, Global Capability Centres (GCCs) and technology firms continues to drive the market, encouraging developers to deliver premium Grade A office spaces with sustainability, flexibility and future-ready infrastructure.
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Lloyds Realty has signed a 15-year lease with Smartworks for its entire 182,300 sq ft commercial tower, The Square, in Mumbai’s Andheri East. The deal is expected to generate over ₹600 crore in rental revenue, strengthening the developer’s commercial portfolio while highlighting continued demand for premium managed office spaces.
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