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

Accenture has leased more than 10.16 lakh sq. ft. of office space at Aparna Technopolis in Hyderabad under a 10-year agreement. The deal, one of the city’s largest recent office transactions, underscores Hyderabad’s growing appeal for technology firms, GCCs, and multinational occupiers seeking large-format Grade A workspaces.
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A new JLL report says Mumbai’s office market is entering a new growth phase as soaring property prices and limited land in Bandra-Kurla Complex push commercial expansion toward Dharavi’s H Block. Backed by major infrastructure projects, the area is expected to attract businesses seeking premium office space at comparatively lower costs.
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India’s listed commercial office REITs are expected to expand their leasable portfolio by 40-45 million sq. ft. by FY28, according to Crisil Ratings. Strong leasing demand, strategic acquisitions, rental growth, and disciplined leverage are expected to fuel the sector’s next phase of growth, benefiting investors and the flexible workspace ecosystem.
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Smartworks has renewed its lease for approximately 2.3 lakh sq. ft. of office space at Aurobindo Galaxy in Hyderabad’s Madhapur district. The five-year agreement carries a total rental commitment of ₹121 crore, reflecting continued demand for managed workspaces as Hyderabad strengthens its position as a leading technology and GCC hub.
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Kohinoor Group has promoted Prasanth Gopinath as CEO and Executive Director of its Commercial Business Unit as it accelerates its expansion in Pune’s office market. The developer aims to develop, lease, and manage over 12 million sq. ft. of Grade A commercial real estate by 2030.
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Avenue Supermarts, the operator of DMart, has acquired a 1.7 lakh sq. ft. commercial building in Bengaluru for ₹106.2 crore. Located in Panathur Village, East Bengaluru, the transaction includes multiple floors, basement parking, and terrace rights, highlighting growing corporate investment in premium commercial real estate assets.
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