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

The Delhi Metro Rail Corporation (DMRC) has launched its largest office space leasing program yet, unlocking more than 35,000 square metres of built-up commercial real estate in prime locations across Delhi. This strategic move aims to generate new non-fare revenues by offering flexible, long-term office leases to corporates and institutions, with options for sub-leasing and diverse commercial uses. Key sites include the DMRC IT Park at Shastri Park, Konnectus Tower near New Delhi Railway Station, and select stations on the Pink and Violet metro lines.
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Knight Frank India reports Pune’s total office stock has reached 106 million sq ft in the first half of 2025—accounting for approximately 11% of India’s commercial real estate. The city’s remarkable growth has been largely propelled by its robust tech hiring, talent availability, and real estate supply dynamics.
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Andhra Pradesh has unveiled its Land Incentive for Tech Hub (LIFT) Policy 4.0 (2024–2029), offering land at a highly subsidised rate of just ₹0.99 per acre. Designed to harness the state’s available land and skilled workforce, the policy aims to attract major IT, ITES, and GCC players by reducing relocation costs and risk.
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Sumadhura Group has leased out 5 lakh square feet of premium office and retail space at Sumadhura Capitol Towers in Whitefield, Bengaluru. This move is expected to generate ₹50 crore annually in rental revenue, highlighting growing institutional demand for high-quality commercial real estate in India’s leading tech corridors.
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K Raheja Corp has leased approximately 4.5 lakh sq ft of premium office space in Hyderabad’s HITEC City, a move signalling steady demand and reaffirming the city’s position as a key commercial hub. The lease underscores continued corporate interest from sectors like IT, fintech, and GCCs.
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Knowledge Realty Trust (KRT), backed by Blackstone and Sattva Developers, launched its ₹4,800 crore IPO from August 5–7, aiming to become India’s largest office REIT by assets. With ₹1,620 crore already secured from anchor investors—including LIC and Rakesh Jhunjhunwala’s trust—the issue has attracted high institutional interest even before public subscription began.
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