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

WeWork India has signed a lease agreement to expand its Hyderabad footprint by around 3,300 desks, backed by an estimated investment of ₹100 crore. The expansion, expected to be completed by June 2026, comes as the company reports 83.9% utilisation on its current 1,21,638-desk capacity.
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India’s commercial real estate market is becoming increasingly REIT-focused, with over 415 million sq ft of office space across Bengaluru, Mumbai, Delhi-NCR, Chennai, Hyderabad, and Pune now REIT-eligible. SEBI’s new rules classifying mutual fund and SIF investments in REITs as equity instruments are expected to enhance liquidity and participation by institutions.
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SpazeOne announces a major expansion in South India, unveiling new managed office centres in Bengaluru, Kochi, Coimbatore, Thiruvananthapuram, and Calicut. The company will add over 2 lakh sq. ft. in Bengaluru alone, reinforcing its position as a regional workspace leader with scalable, tech-enabled, and plug-and-play solutions for startups, SMEs, and enterprise clients.
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Global institutional investors plan to deploy nearly USD 144 billion into commercial real estate in 2026, led by offices, logistics, and living sectors. India is emerging as a strategic market, supported by strong occupier demand, high-quality office stock, and scalable partnership opportunities. Core and Core-plus strategies dominate the investment approach.
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Mindspace Business Parks REIT reported Q3 FY26 net operating income of ₹671 crore, up 28.7% year on year. Revenue and distributions also rose sharply, supported by strong leasing activity, portfolio acquisitions in Mumbai and Pune, rising rentals, and disciplined capital management across its 39 million sq ft office portfolio.
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WeWork India shares climbed nearly 3% after strong Q3 FY26 results. Revenue rose 27% year-on-year to ₹640.3 crore, while profit after tax surged to ₹52 crore. Higher desk sales, improved utilisation, and expanding EBITDA margins drove robust financial and operational performance during the quarter.
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