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The Executive Centre Eyes ₹2,600 Cr IPO to Expand in India’s Flex Space Boom 0

Flexible workspace operator The Executive Centre is planning to raise ₹2,600 crore through an IPO in India, joining peers like WeWork and Awfis. With a global footprint and 51,000 customers, the firm aims to strengthen its presence as India’s flex workspace sector is projected to grow at a 15% annual rate, reaching $9 billion by 2028.

Kolkata Office Market | Steady Demand but Rentals Remain Flat | C&W Q1 2025 Report 0

Reports

July 18, 2025

Kolkata maintained steady leasing at 0.26 million sq ft, with BFSI and flex operators active. No new supply helped lower vacancy to 17.8%. Rents remained stable across micro-markets. With over 1.1 million sq ft under construction, moderate supply-led growth is expected in H2 2025 as demand holds steady.

Mumbai Office Market Q1 2025 | Record Leasing & Tightening Vacancy | C&W Insights 0

Reports

July 17, 2025

Mumbai hit a record 4.3 million sq ft in leasing, led by BFSI and IT-BPM. Net absorption surged 165% QoQ. Minimal new supply lowered vacancy to 12.75%. Rents rose across core submarkets. With tight vacancy and limited near-term completions, rents are expected to continue firming in prime areas.

Smartworks IPO Fully Subscribed on Day Two as India’s Office Market Booms 0
- Industry News
- July 16, 2025
Smartworks’ $67.6 million IPO was fully subscribed by the second day, driven by strong interest from retail and non-institutional investors. The surge reflects the rising demand for integrated office spaces as global firms expand their operations in India. Analysts expect tech parks to dominate new supply, reinforcing India’s position as one of the top office markets in the Asia-Pacific region.
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Smartworks IPO Sees Strong Demand Despite Losses—Here’s What Investors Need to Know 0
- Industry News
- July 16, 2025
Smartworks Coworking Spaces’ IPO closed with an oversubscription of 13.45 times, led by strong institutional interest. The ₹583 crore issue, now in allotment stage, saw muted retail participation. Despite losses, the flex workspace provider posted a 32% revenue growth in FY25, signalling confidence in India’s booming flexible office market.
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Chennai Office Market Sees Strong Leasing and Stable Rents | Q1 2025 | C&W Report 0
- Reports
- July 16, 2025
Chennai recorded strong leasing of 1.97 million sq ft, led by IT-BPM and manufacturing. Suburban South dominated activity. Vacancy declined with no new supply added. Rents appreciated in key submarkets. With a healthy demand outlook and limited new stock, rents may rise further as space tightens in core locations.
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