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

A new JLL report highlights Guwahati’s rapid rise as Northeast India’s commercial hub, driven by 80% growth in office stock, major connectivity projects, and strong investor confidence. With expanding BPM and startup activity, better quality of life, and transformational infrastructure, the city is positioned for significant real estate momentum through 2028.
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JLL has leased two floors at Prestige Skytech in Hyderabad for a monthly rent of ₹64.1 lakh, commencing in April 2026. The five-year lease includes 134 parking slots, a seven-month fit-out period, and a three-year lock-in. The deal highlights Hyderabad’s rising demand for Grade-A workspaces and its expanding GCC ecosystem.
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Urban Vault has leased 21,000 sq ft of workspace in Bengaluru to Japanese companies Nachi, Pioneer, and Komatsu, strengthening its foothold in the growing GCC market. With a hybrid model that cuts CapEx and OpEx, the firm now serves over 50 GCCs and operates a 2.8 million sq ft pan-India portfolio.
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Brookfield India REIT has opened a Qualified Institutional Placement to raise ₹3,500 crore, setting a floor price of ₹327.33 per unit. The move follows unitholder approval and reflects growing investor interest as Grade A office demand strengthens. The REIT manages 29.1 million sq. ft. across major Indian cities.
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Wipro has leased 1.7 lakh sq ft from Smartworks in Kolkata’s Sector V, marking the city’s largest flex-office deal. The space will support 3,000 employees across two Smartworks campuses. Executives from Smartworks and JLL say rising enterprise adoption of managed campuses reflects India’s shift toward scalable, tech-enabled workspace solutions.
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Bollywood singer Sonu Nigam has leased a 4,257 sq. ft. commercial space in Santacruz East’s Trade Centre BKC for ₹19 lakh per month, rising annually over a five-year term. Registered in December 2025, the agreement includes a ₹90 lakh security deposit and is expected to earn him ₹12.62 crore in rental income.
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