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

DevX has taken over a 27-storey, 8 lakh sq ft commercial tower in Ahmedabad under a 15-year development management agreement valued at ₹850 crore in rentals. The Grade A+ campus will target GCCs and enterprises, adding 8,500 seats and reinforcing the growing role of Tier-II cities in India’s office market.
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Ola has surrendered over 1.7 lakh sq ft of office space in Bengaluru, including 1.12 lakh sq ft at Prestige RMZ Star Tech and 60,000 sq ft in Electronic City, as it increases automation. The move contrasts with strong leasing momentum in Bengaluru, which led India’s office market in 2025.
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Smartworks has leased 182,300 sq ft at The Square in Andheri East, Mumbai, pushing its total portfolio in the city beyond 2 million sq ft. The expansion reflects strong enterprise demand in key business districts. Recent additions in Vikhroli and Navi Mumbai further strengthen its managed office footprint.
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WeWork India has expanded its partnership with Turner International through a 46,000 sq. ft managed office at Gigaplex, Airoli. The 650+ seat facility marks Turner’s scale-up from a 16-seat setup in 2022. The deal reflects growing enterprise demand for customised, flexible workspace solutions in India.
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Cushman & Wakefield’s latest report highlights how PropTech is transforming India’s office sector. With over 2,200 active firms, rising construction costs, and growing GCC demand, digital integration is becoming essential. Green-certified buildings command rental premiums, while AI and smart systems are redefining Grade-A workspaces nationwide
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Exospace is strengthening its presence across Eastern India with new centres in Kolkata, Guwahati, and Patna, scaling past 1,000 seats. With enterprise-focused, fully managed workspaces and near-full occupancy, the operator is preparing to expand into major Tier 1 and Tier 2 cities.
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