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

BHIVE Workspace has leased 42,000 sq ft from Brigade Group in Bengaluru, expanding its presence in Mahadevapura. The new facility supports 1,200+ seats and features tech-enabled conference rooms. This lease is part of BHIVE’s plan to add 1 million sq ft of managed office space, doubling revenue to ₹348 crore in FY 2024-25.
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Delhi-NCR ranks as APAC’s fifth most expensive office rental market, with monthly prime office rents at Rs 340 per sq ft. Indian office space transactions surged 50% in Q2 2024, driven by returning employees and strategic corporate investments. Mumbai and Bengaluru also saw stable rental rates and high demand.
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The Union Budget 2024-25 offers major advantages for the commercial real estate sector, including urban development, rental housing reforms, and policies supporting the growth of coworking spaces.
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American Express opens its largest global office in Gurugram, India, spanning one million square feet. The LEED Gold-certified campus focuses on sustainability, health, and wellness and aims to enhance innovation. The new facility supports all company divisions and underscores AmEx’s commitment to leveraging local talent and expanding in India.
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WeWork India expands with 1.4 lakh sq ft of new office space in Bengaluru and Noida, opening in September-October 2024. The new locations will offer over 2,400 desks, enhancing WeWork’s presence across 57 locations in major Indian cities to meet the rising demand for flexible workspaces.
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Tata Realty secures an INR 825 crore loan from IFC for Chennai’s Ramanujan Intellion Park, India’s first IFC EDGE Zero Carbon certified asset. This funding will enhance sustainability, promote green building practices, and support a large workforce in a prime IT corridor, setting a benchmark for eco-friendly commercial spaces in India.
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