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

The Q1 2024 India Office Market Overview by Colliers highlights robust growth in Bengaluru and Hyderabad, driving 50% of leasing activities and 75% of new supply. Rental rates are on the rise, and with stable vacancy levels, the market promises lucrative opportunities for investors and occupiers alike.
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With its ambitious plans, DevX is poised to double its coworking spaces to a staggering 2 million sq ft in just two years. This expansion strategy also includes international destinations like Dubai and Singapore. Bolstered by a recent $7 million funding boost, DevX is also making strategic partnerships, such as the one with Deakin University for its new India campus.
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Discover Awfis, a leading workspace provider offering innovative solutions for SMEs, startups, and corporates in 17 cities. Shape the future of work with awfis flexible and tailored workspace options!
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Explore the legality and benefits of virtual office addresses in India, offering startups and small businesses a cost-effective solution for establishing a professional presence. Learn about compliance, flexibility, and the potential for growth in today’s dynamic market landscape.
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India’s office space demand soared in Q1 2024 across top cities, led by Bengaluru, Hyderabad, and Mumbai. This demand is driven by sectors like BFSI and IT-ITES and a shift to Grade A and coworking spaces. The market shows robust growth despite global economic uncertainties.
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Asia-Pacific’s offshoring market is booming, set to hit $185.1 billion by 2032, driving significant office space demand. With the lowest operating costs and rapid growth in key cities like India and the Philippines, the region leads global offshoring, offering cost-effective, high-quality office solutions.
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