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

Brigade Enterprises Ltd has signed a long-term lease for a 7-acre plot on Chennai’s thriving Old Mahabalipuram Road (OMR), one of the city’s premier commercial corridors. The real estate firm plans to develop more than one million sq ft of Grade A office space complemented by a luxury 225-room five-star hotel, targeting the city’s growing demand for premium office and hospitality options.
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Microchip Technology, a US-based semiconductor giant, has acquired 1.72 lakh sq ft of office space in Bengaluru’s Whitefield for ₹176 crore, making it one of the city’s largest commercial property transactions this quarter. The deal covers two blocks in the EPIP Zone, a prime eastern IT corridor, and ranks among the premium acquisitions with a value of around ₹10,230 per sq ft.
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Microsoft India has signed a major office lease agreement for 264,000 square feet in Hyderabad’s financial district, marking a significant expansion of its presence in the city. With a five-year term, the deal features an annual rent escalation and demonstrates the growing demand for office spaces in Hyderabad’s thriving tech sector.
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Bengaluru-based managed workspace provider Table Space Technologies has completed a key milestone in its anticipated IPO journey. In July 2025, the company dropped “Private” from its name and restructured into a public entity, as confirmed by Ministry of Corporate Affairs filings. This move signals a firm intent to list on Indian stock exchanges, fulfilling mandatory requirements for public listing.
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The Supreme Court witnessed high-stakes drama as a legal battle erupted over the Initial Public Offering (IPO) of Smartworks Coworking Spaces Limited. At the centre is an NGO’s claim of a fabricated document from the Ministry of Corporate Affairs (MCA), raising questions about corporate transparency, regulatory compliance, and investor confidence. The case highlights the interplay between market regulators and the judiciary in India’s startup ecosystem.
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EFC India, a managed office infrastructure and design services provider, has begun trading on the National Stock Exchange (NSE) after its earlier BSE listing. The move is set to enhance liquidity, boost investor confidence, and support expansion efforts. EFC’s latest quarterly results show nearly 200% profit growth, with operating revenue more than doubling as demand rises from IT/ITeS, BFSI, and e-commerce sectors. Seat capacity has now surpassed 60,000, underscored by a robust order book and a fresh INR 57 crore fit-out contract.
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