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

Technopark, Thiruvananthapuram’s IT hub, is set for a major expansion across Phases I, III, and IV, creating around 50,000 new jobs. Ongoing projects by Brigade Group, Taurus Investment Holdings, and TCS are transforming the region into a dynamic tech corridor, reinforcing Kerala’s position as a leading IT and innovation destination.
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Google has leased 6.17 lakh sq ft at Gurugram’s Atrium Place, a DLF-Hines joint venture, marking one of India’s largest office real estate deals this year. Following its earlier Gurugram lease from Table Space, the move reinforces Google’s long-term growth strategy and confidence in India’s commercial real estate market.
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Starlink, Elon Musk’s satellite internet venture, has leased a 1,294 sq ft Mumbai office in Chandivali for ₹2.33 crore, marking a key step toward its India rollout. The five-year lease follows Tesla’s recent warehouse deal and aligns with Starlink’s plan to establish nine gateway stations across major Indian cities.
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Awfis Space Solutions is targeting 30% revenue growth in FY26 to cross ₹1,600 crore, adding 40,000 seats across 70 new centres. With 232 live locations, the company plans to boost its non-core revenue—design, IT, furniture, and cafeteria services—to 40% over five years, maintaining strong profitability and near-zero debt.
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According to the IIM-B and CRE Matrix “Commercial Property Rental Index” report, Delhi recorded a sharp 16.4% rise in premium office rents. In comparison, Mumbai maintained its market strength with 3.6% quarterly growth. Gurugram, Navi Mumbai, and Chennai’s northern suburbs also saw strong gains, signalling expanding demand beyond traditional business districts.
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India’s office market is defying regional trends, with Bengaluru, Delhi-NCR, and Mumbai expected to hit a record 50 million sq. ft in office leasing in 2025, according to Knight Frank. GCCs and IT firms are driving demand as rents rise 4.3% YoY despite new supply and global headwinds.
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