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

Bengaluru led India’s office leasing surge in 2024, with a 56% YoY growth, absorbing 16.4 million sq ft from January-September. Across nine key cities, total office leasing hit 53.8 million sq ft, driven by tech, e-commerce, and flexible space operators. Office leasing is projected to reach 70 million sq ft by year-end.
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Dev Accelerator Limited is set to expand its coworking spaces through a new IPO, offering 2.47 crore equity shares. The funds will be used to set up new spaces, repay debts, and general corporate purposes. After turning profitable in FY24, the company aims to solidify its position in the flexible workspace market.
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iSprout has expanded its Hyderabad presence by leasing an additional 1 million sq ft of premium office space across SAS iTower, iSprout Tower at Minaas, and Trendset Jayabheri Connect. This brings their total managed space in the city to 1.7 million sq ft, strengthening their leadership in innovative, tech-driven work environments.
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India’s office space absorption rose by 14% in Q3 2024, reaching 12.16 million sq ft across seven major cities, led by Bengaluru. While most cities saw growth, Hyderabad and Kolkata experienced declines. Overall, office demand remains strong, driven by corporate expansion and economic recovery, with 31.03 million sq ft absorbed year-to-date.
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The pivotal role of UI/UX design in the real estate market focuses on streamlining property searches, enhancing user engagement, and simplifying complex processes. With mobile optimisation and transparency as key factors, UI/UX design has become a crucial tool for real estate platforms to boost user satisfaction and build trust.
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Flexible office spaces in India have exceeded 80% occupancy, with cities like Mumbai and NCR leading the way. Cost benefits, ESG compliance, and expansion into Tier 2 cities drive growth. Flex spaces offer affordability, adaptability, and sustainability, making them a strategic choice for startups and large corporations.
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