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

Apple’s latest office leases in Hyderabad and Bengaluru push its total occupancy to more than 5 lakh sq. ft., backed by a rental commitment exceeding Rs 1,400 crore. This move highlights Apple’s ramp-up of both operational and retail presence in India as demand for premium office space surges.
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Trichy’s Municipal Administration Minister K N Nehru has laid the foundation for ‘Mudhalvar Padaipagam (CM Space),’ a government-initiated coworking office in Woraiyur, valued at ₹ three crore. This facility aims to support startups with affordable office space and create an intellectual hub for youth preparing for competitive exams like UPSC and TNPSC. The multifunctional building will include workspace, study areas, and a cafeteria, with project completion expected in 18 months.
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India’s office market saw 34.5M sq ft leasing in H1 2025, led by Bengaluru, NCR, and Pune. Despite new supply, vacancies fell, rentals rose to ₹90.7/sq ft, and co-working gained share. With strong absorption and Tier-2 hubs like Hyderabad driving growth, demand is set to stay robust through 2025.
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Applied Materials, a major US-based semiconductor equipment maker, has entered into a significant lease deal for 8.06 lakh sq ft office space in the ITPB-Endeavour building in Whitefield, Bengaluru. The deal, valued at ₹855 crore over a decade, highlights the growing footprint of semiconductor firms and tech players in one of India’s most active real estate markets.
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WeWork India, a leading flexible workspace provider, has leased 22,700 sq ft of office space to Chargebee, a global billing and monetisation platform, at its Chennai Ramanujan Intellion Park centre. This move is part of WeWork India’s expanding footprint across eight cities with over 100,000 desks, reflecting growing demand for scalable office solutions in India’s tech hubs.
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Bengaluru-based co-working operator UrbanVault has secured an 80,000-square-foot lease in partnership with Embassy Group at Manyata Tech Park, marking a pivotal expansion of its premium workspace offerings. The facility will provide over 2,000 premium seats with per-seat pricing starting at Rs 10,000, enhanced by modern design and technology infrastructure. With strong pre-leasing momentum from reputed clients and a strategic location within India’s largest tech park, this centre is set to become a flagship asset for UrbanVault.
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