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

Nagpur’s commercial real estate sector is set for a significant leap with the development of West 19, a 30-storey premium commercial tower poised to become Central India’s tallest. Located in the prime Shankar Nagar area, the project integrates modern design, workplace amenities, and lifestyle features to cater to evolving business needs in tier-2 cities. This development marks Nagpur’s emergence as a major corporate hub beyond traditional metros.
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Apple India has expanded its footprint in Mumbai by securing a significant office lease of 37,500 square feet at Maker Maxity, located in the prominent Bandra Kurla Complex (BKC). This strategic move underlines Apple’s commitment to scaling its operations in one of India’s leading commercial hubs.
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The US government’s steep hike in the H1B visa fee to $100,000 annually has sparked significant discussion about its potential impact on Indian real estate markets. While residential demand from Non-Resident Indians (NRIs) may see a delayed and cautious growth, commercial real estate—especially office spaces and coworking hubs—is poised to witness immediate demand, reshaping property dynamics in major Indian metros.
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Singapore-based asset manager Keppel is set to sell its One Paramount office park in Chennai to Prime Offices Fund for approximately ₹2,750 crore. The 2.4 million sq ft Grade-A commercial asset hosts leading global tenants and highlights increased investor confidence in India’s commercial office market, particularly in emerging Tier-1 cities like Chennai.
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India Accelerator has acquired co-working operator MySOHO, stepping up its ambition to offer seamless, founder-centric workspace solutions for startups. The move is part of a larger vision to rapidly expand the footprint and enhance value for the startup network.
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IQue Ventures has unveiled India’s First Startup Park, a ₹600 crore venture in Bengaluru aimed at fostering the entire startup ecosystem under one roof. This groundbreaking infrastructure hub offers startups comprehensive support from pitching to prototyping, networking to global expansion, making it a game-changer for India’s entrepreneurial landscape.
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