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

Awfis has launched a 100,000 sq ft Elite workspace at Prestige Trade Centre in Delhi Aerocity, targeting GCCs and enterprise occupiers. The centre offers built-to-suit and ready-to-move-in offices, hospitality-led amenities and technology-enabled services. It becomes Awfis’ ninth Elite centre as the company expands its premium workspace presence.
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NBCC has handed over two towers at Bharat Business Park in Sarojini Nagar to SBER India in a transaction valued at over ₹2,000 crore. Covering 5.17 lakh sq. ft. of office space, the deal gives SBER India a substantial commercial footprint while strengthening India-Russia business cooperation.
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MyBranch has expanded its South India workspace footprint to 50,000 sq ft across 16 centres. The flexible workspace provider is targeting growing demand from enterprises, GCCs, MNCs and startups seeking regional offices. Its expansion comes as Bengaluru, Hyderabad and Chennai continue to drive strong office demand.
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India’s commercial real estate market is entering a broader growth phase, with office demand, GCC expansion, data-centre investment and retail activity reshaping established business districts and emerging corridors. Record office absorption and rising institutional capital are supporting new opportunities across Delhi-NCR, particularly Noida, Greater Noida, Gurugram and the Yamuna Expressway.
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ICICI Bank has leased 3,347 sq ft of commercial space at Farena Corporate Park in Pune’s Hadapsar from Farida Pankaj Udhas for nine years. The agreement starts at ₹2.50 lakh per month, includes a 10% rent escalation every three years, and a 105-day rent-free period.
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Chandru Raheja has sold a 1.49% stake in Mindspace Business Parks REIT for nearly ₹500 crore. The transaction involved 99 lakh units at ₹505 each. The sale reduces Raheja’s direct holding while Mindspace continues to operate a large Grade-A office portfolio across India’s major commercial markets.
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