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

Sara Ali Khan and Amrita Singh have purchased three office spaces in Mumbai’s Andheri West for over ₹30 crore. The transactions, registered in 2024, highlight their investment in prime commercial real estate. Mumbai’s property market has seen steady growth, with over 1 lakh registrations contributing ₹8,892 crore to the state exchequer.
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Ratan Tata’s humility was exemplified when he refused preferential treatment for an office cabin at Tata Steel’s Mumbai headquarters, insisting on equal treatment for his colleagues. This decision, settled by a lottery, reflects Tata’s fair leadership style, which guided the Tata Group’s growth and commitment to ethical business practices.
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Green innovation is transforming India’s commercial real estate sector, with rising demand for sustainable office spaces. Key trends include energy-efficient buildings, water and waste management, and wellness-focused designs. Green-certified buildings offer higher rental yields and lower operating costs, creating new opportunities for developers and investors in the evolving workspace market.
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Experion Developers has leased office space at The Milestone Experion Centre (The MEC) to global brands Bata India and MG Motor India for their new Indian headquarters. The MEC, a sustainable, state-of-the-art facility, offers scalability and eco-friendly design, making it an ideal choice for multinational companies in the NCR region.
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Smartworks has leased 450,000 sq ft at Gurugram’s ASF Insignia Campus, expanding its flexible workspace offerings for SEZ and non-SEZ tenants. Zomato has leased 750 seats, and Smartworks plans further growth, including an IPO to raise ₹110 crore. The company reported ₹1,039 crore in revenue for 2023-24.
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The Executive Centre (TEC) is investing ₹125 crore to expand its presence in India, adding over 2.6 lakh sq ft across major cities. With new centres in Mumbai, Chennai, Hyderabad, and more, TEC aims to meet the rising demand for flexible workspaces catering to various sectors, including IT, BFSI, and startups.
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