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

Smartworks has leased 1.68 lakh sq. ft. in Kolkata to a leading global IT, consulting, and business process services company, marking the city’s largest flex office transaction. The space spans Smartworks’ Victoria Park and Mediasiti campuses in Salt Lake Sector V and offers tech-enabled work zones, collaboration areas, wellness spaces, and enterprise-grade amenities.
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Kwality Wall’s has leased a fully managed, 180-seat premium office at Oberoi Commerz II in Goregaon, Mumbai, for ₹89.5 lakh per month. The 5-year contract includes a rare 60-month lock-in, an annual 5% escalation, and extensive workspace amenities from Tablespace Technologies, marking a notable long-term deal in Mumbai’s Grade-A office market.
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Tata Realty has obtained a ₹12.8 billion green loan from DBS Bank India to develop Intellion Park in Gurugram, a 2.1 million sq ft Grade-A office campus. The deal highlights the company’s sustainability focus, DBS’s tailored green-financing approach, and the rising demand for high-quality commercial and GCC-ready office spaces in India.
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Embassy Office Parks REIT is acquiring a 0.3 million sq ft Grade-A office block in Bengaluru’s Embassy GolfLinks Business Park for ₹852 crore. Fully leased to a top global investment firm, the asset delivers a 7.9% yield, above the REIT’s trading cap rate and accretive to distributions for unit holders.
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WeWork India has leased about 1.75 lakh sq ft at Skyview 20, Hyderabad, and sub-leased the entire Grade-A space to JP Morgan at a substantial rent premium. The deal highlights rising demand for full-floor managed offices, Hyderabad’s strengthening flex market, and JP Morgan’s continued expansion across India’s key commercial hubs.
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alt.f coworking has launched its “Black Friday Sale 2025” across Noida, Gurgaon and virtual office plans, targeting “small businesses and teams between 4 to 100 seats”. Highlights include alt.f Noida 142 at “flat ₹4500 per seat till 8 December”, “up to 30 days of rent-free workspace” in Gurgaon, and “20 percent discount” on virtual office products.
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