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

DevX has scaled its managed office footprint across India using a Landowner-First Development Management model that allows asset owners to retain full control while earning higher returns. The approach has enabled rapid expansion across metros and Tier II cities, strong enterprise adoption, and robust revenue growth in FY25.
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The UK’s University of York has leased 37,602 sq. ft. at Powai’s One Boulevard for nearly ₹50 crore over five years. The lease includes 27 parking spaces, a 3-year lock-in, and a 5% annual rent escalation. This deal underscores robust demand from international tenants amid Mumbai’s 13% growth in office leasing in 2025.
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Parle Products is set to redevelop its historic Vile Parle factory site into a large commercial complex after receiving partial environmental clearance. The ₹3,961-crore project will replace ageing industrial structures with modern office and retail buildings, marking a major shift in land use at one of Mumbai’s most iconic manufacturing locations.
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India’s office market is rapidly shifting toward managed offices as companies prioritize speed, flexibility, and private workspaces. This blog examines the key trends driving the shift and highlights the top managed office providers in India for 2026, helping startups and enterprises choose the right partner for scalable, efficient expansion.
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EAAA India Alternatives, the alternative asset management arm of Edelweiss Financial Services, has filed a Draft Red Herring Prospectus with SEBI for a ₹1,500 crore IPO. The offer-for-sale will benefit promoters and investors, while the company continues to report strong growth, with assets under management of ₹ 65,503 crore and a 31% profit rise in FY25.
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India Accelerator and International Real Estate Partners (IREP) have partnered to launch IREPworkspaces, a managed office platform in NCR, with a planned investment of ₹100 crore. Over 18 months, the venture aims to create nearly nine lakh sq ft across 12–15 centres, adding approximately 15,000 seats in prime commercial corridors.
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