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

India’s office market embraces sustainability, with 65% of Grade A spaces now green-certified. Bengaluru leads the way, driving demand for eco-friendly offices. Tenants are willing to pay a 12-14% premium for these spaces, recognising their benefits for productivity and well-being. Green certifications are shaping the future of real estate in India.
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Revenue
Awfis Space Solutions Ltd pivots to profit in Q1 FY24, netting Rs 2.78 crore after last year’s loss, with revenue soaring by 39% to Rs 267.8 crore. Expanding across India’s major cities, Awfis now operates 169 centres, offering a versatile mix of workspace solutions, signalling a shift towards flexible office environments.

Explore five creative strategies to repurpose underutilised office spaces in India. From strategic subleasing to transforming spaces for artists and social initiatives, discover how to add value and engage the community.
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Uncover the top 12 design-conscious coworking spaces in India for 2024. These workspaces combine modern design with functionality to create an inspiring professional environment.
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Prime office rents in the Asia-Pacific region saw a 3.1% decline in Q2 2024, driven by a sharp drop in Chinese cities. Conversely, India experienced a surge in office leasing, with significant growth in Bengaluru and Mumbai. Australia’s market grew, while Southeast Asia and New Zealand had mixed results.
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Incuspaze partners with Bhutani Infra to lease 4 lakh sq ft in Noida’s Alphathum, marking a significant expansion in North India. Facilitated by Colliers, this move reinforces Incuspaze’s commitment to providing top-tier flexible workspaces across the region.
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