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

Awfis Space Solutions reported a 66% rise in FY26 profit, backed by strong GCC demand and expanding enterprise workspace adoption. The company is restructuring its Design & Build business through a subsidiary, pursuing third-party projects, securing fresh funding, and navigating a CFO transition while strengthening its flex workspace leadership.
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India’s five listed REITs distributed over ₹8,900 crore to unitholders, reflecting growing investor confidence in rent-yielding commercial real estate. Managing more than 187 million sq. ft. of Grade A office and retail assets, the sector continues to expand through stronger portfolios, rising participation and increasing appeal among domestic and global investors.
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India’s real estate sector may require nearly ₹50 lakh crore in funding over the next decade to support its transition into a $1 trillion market by 2030, according to ANAROCK Capital. The report highlights rising institutional investments, growing demand for GCC and data centres, expanding REIT activity, and a widening affordable housing funding gap.
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ICICI Prudential AMC has acquired nine floors at Mumbai’s VIOS Tower for over ₹525 crore, signalling strong investor confidence in India’s Grade-A office market. The deal offers yields above 8% with annual rent escalations, while highlighting rising institutional demand for stable, income-generating commercial real estate assets across major Indian cities.
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Smartworks has leased nearly 2 lakh sq. ft. of office space on Bengaluru’s Sarjapura Main Road at a monthly rent of ₹1.94 crore under a six-year agreement. The deal reflects rising enterprise demand for managed workspaces as India’s flex office market records strong growth, with Bengaluru continuing to lead nationwide absorption.
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WeWork India is entering FY27 with strong momentum, backed by high occupancy, rising margins and expanding enterprise demand. The company plans to add nearly 28,000 seats, with half already pre-committed through managed office deals. Growing GCC activity, limited office supply and pricing strength are expected to support further profitability and sustained growth.
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