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

Hartford Global Services has leased 1.59 lakh sq. ft. of Grade A office space in Hyderabad’s Gachibowli for a five-year term, paying a monthly rent of ₹92.28 lakh. The deal highlights sustained demand from global insurers and BFSI firms and reinforces Gachibowli’s position as a leading office hub.
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Coworking operator Smartworks reported its first quarterly profit in Q3 FY26, posting a net profit of ₹1.2 crore. Strong revenue growth, improved margins, and rising enterprise demand supported the turnaround. The company also expanded its footprint, improved occupancy, and strengthened its supply pipeline for future growth.
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Executive Centre India has secured SEBI approval for a ₹2,600-crore IPO. The fresh issue will be used to acquire TEC Singapore and TEC Dubai as part of a major internal restructuring. With strong FY25 financials, a growing network of centres, and rising enterprise demand, TEC aims to strengthen its presence across Asia.
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A global engineering and technology major has leased close to 4 lakh sq ft of Grade A office space in Bengaluru’s Bellandur ORR corridor. The seven-year deal signals strong confidence in the city’s talent base, infrastructure, and GCC ecosystem, while highlighting the rising demand for integrated, sustainable, campus-style commercial developments.
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Incuspaze has expanded its ‘Your Office, Your Way’ OOH campaign to Chennai, targeting enterprise occupiers, GCCs, and decision-makers in high-traffic business zones. Building on its successful Bengaluru activation, the brand aims to reinforce its leadership in managed offices. The campaign emphasizes flexibility, scalability, and tailored workspace solutions aligned with Chennai’s growing corporate demand.
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PropShare Investment Trust has filed draft papers for its third SM REIT scheme, PropShare Celestia, a ₹244.65 crore fresh issue backed by a fully leased Grade A+ office asset in Ahmedabad. With tenants including Smartworks, EFC, and a Swedish telecom multinational, the REIT targets an FY27 yield of 8.4% and a BSE listing.
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