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

Atlassian, the global leader in team collaboration software such as Jira, Confluence, and Loom, has inaugurated a cutting-edge research and development centre in Bengaluru, India. This expansive 2 lakh+ square feet facility is four times larger than its previous office, reinforcing India’s importance as a strategic innovation hub for the company.
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With rising saturation in major metros, real estate developers and consultants are increasingly optimistic about the role of Global Capability Centres (GCCs) in driving demand for residential and commercial properties in India’s Tier 2 and 3 cities. The expansion of GCCs is reshaping these smaller urban markets and spurring significant real estate growth.
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Cushman & Wakefield’s professional property management services at a leading Gurgaon commercial complex have resulted in over INR 3 crore in savings within two years. The partnership highlights the firm’s expertise in maintaining world-class standards through advanced technology and expert manpower.
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Dev Accelerator Limited is launching its IPO from September 10 to 12, 2025, aiming to raise around Rs. 143 crore through a fresh issue of 2.35 crore shares. Positioned as a rising flexible office space provider in India, the company’s robust revenue growth and expansion plans make this an interesting offer for investors, despite certain financial risks.
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Equirus Capital highlights strong momentum in India’s real estate sector as commercial space demand in the top eight cities surges from 39.3 million sq. ft in 2020 to 66.4 million sq. ft in 2025, marking an impressive 11% CAGR. Bengaluru and Mumbai are global standouts, offering affordable rentals and unmatched value for international firms seeking scale and skilled talent.
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Ahmedabad-based coworking provider DevX will launch its Initial Public Offering (IPO) on September 10, closing on Friday of the same week. The company will become the fourth publicly listed coworking space provider in India, listing shares on both the NSE and BSE, following peers like Awfis, IndiQube, and Smartworks.
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