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

Awfis has onboarded Meltwater, ABC Fitness, and Zinnov at its premium centres in Hyderabad, offering luxury workspaces like *Elite by Awfis* and *Awfis Gold*. These centres provide bespoke designs and top-tier amenities. Awfis plans to expand further in Bengaluru, Mumbai, and Delhi, reinforcing its leadership in flexible workspace solutions.
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Nearly half of India’s office space is over a decade old, posing risks of low occupancy and outdated functionality. A CBRE study highlights a Rs 500 billion investment opportunity in retrofitting 434 million sq. ft. to meet modern workplace demands and sustain competitiveness across key markets like Bengaluru, Delhi-NCR, and Mumbai.
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Tata Consultancy Services (TCS) has leased 630,000 sq. ft. in Chennai’s Ozone Techno Park, signaling a strong office space commitment despite a broader IT sector slowdown. While peers like Cognizant and Wipro scale back, TCS continues to expand, reflecting its long-term growth strategy and preference for physical office presence.
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UK-based coworking giant IWG is expanding rapidly in India, introducing its premium brand Signature with luxury amenities. Targeting Tier II and III cities, the company plans to open 40–50 new centres by 2025 and quadruple its footprint in 3–5 years, driven by rising demand in India’s flex space market.
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India’s coworking sector is set for a boom, with five IPOs expected to raise over Rs 7,000 crore in the next 18 months. Driven by hybrid work trends, rising demand, and expanding footprints, the flex space market is poised for significant growth, particularly in major cities like Bengaluru and Mumbai.
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Awfis Space Solutions marks its 10th anniversary, celebrating a decade of reshaping workspaces in India. From one centre in 2015 to over 100 nationwide, Awfis now serves 1,500+ companies. Under Amit Ramani’s leadership, it has evolved into a tech-driven, full-service platform catering to startups, corporates, and hybrid work models.
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