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

WeWork India has signed a managed office deal worth ₹ 475.49 crore with TMUS India for 250,000+ sq. ft. at Phoenix H10, Hyderabad. The 60-month contract highlights rising demand for enterprise-grade flexible workspaces. The deal strengthens WeWork India’s Hyderabad presence and reflects strong growth in managed office solutions.
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India’s Grade A office market is poised for strong growth in 2026, fueled by GCC expansion, flexible workspace adoption, and REIT-led institutionalisation. Bengaluru leads activity, while sustainability and tech-enabled offices dominate demand. Flex spaces could account for up to 25% of leasing, reshaping occupier strategies nationwide.
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Women-only and women-first coworking spaces in India are growing as they address key challenges women face at work, such as safety, limited networks, and career breaks. These spaces provide secure environments, strong communities, mentorship, and flexible work options, helping women professionals, freelancers, and entrepreneurs build confidence, collaborate, and grow their careers.
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Global Capability Centres (GCCs) in India are shifting from rigid, long-term leases to flexible, managed office spaces. This change prioritises speed and agility, allowing multinational firms to scale rapidly without high upfront costs. By choosing managed spaces, these companies gain modern, move-in-ready hubs that better support innovation and evolving talent needs.
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Awfis Space Solutions shares rose after the company crossed 100 centres in South India, expanding to 3.1 million sq. ft. and 70,000 seats. Strong demand from corporates and GCCs is driving growth, with Bengaluru leading the way. The company now operates 250+ centres nationwide, serving over 3,400 clients.
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Quest Coworks has acquired 57,500 sq ft office space in Andheri East, Mumbai, for ₹55.84 crore from Capgemini. The deal includes five units and 51 parking spaces. The move supports its expansion and strategy to own premium assets, targeting enterprise clients and flexible workspace growth in key business districts.
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