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

State Bank of India has acquired a 15-storey office building and leasehold land in Pune’s Kharadi Knowledge Park for ₹414 crore to house its Maharashtra Circle office. The deal comes as Pune records a decade-high office absorption, with the flexible workspace and engineering sectors driving demand across the city.
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315Work Avenue has leased around 45,000 sq ft of enterprise-grade managed office space at Bhartiya City in Thanisandra, Bengaluru. The expansion targets rising demand from enterprises, GCCs, and startups. With around 4 million sq ft across 55 locations, the company is also planning further organic and inorganic expansion.
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Tablespace Technologies has leased 506,251 sq ft at Laxmi Infobahn Software Park in Hyderabad for five years. The expansion strengthens its managed workspace presence in the city as demand for Grade A offices remains strong. The deal also comes ahead of the company’s proposed ₹800 crore IPO.
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Julius Baer Global Enterprise Services has leased 74,037 sq. ft. at Waterstones Business Park in Mumbai’s Andheri East. The five-year lease involves ₹102.6 crore in total rent. The deal comes amid strong GCC-led office demand, with BFSI emerging as a major driver across India’s top cities.
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India’s listed REIT market has crossed ₹2 lakh crore in market capitalisation, marking a major milestone for commercial real estate. New listings and regulatory changes are supporting market growth, while upcoming RBI rules could improve access to bank finance. However, office demand, occupancy and distribution consistency remain key risks.
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