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

Chennai-based real estate developer DRA Group has partnered with the Philippines-based Balajadia Family Office in a $100 million joint venture to develop premium Grade-A commercial and retail spaces across South India, starting with Chennai and Bengaluru. The collaboration, formalised via a Memorandum of Understanding (MoU), aims to deliver one million square feet of high-quality office and retail assets in a phased approach, leveraging a combination of local market knowledge and global capital.
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Tesla India is ramping up its retail and service presence with a substantial lease at Worldmark 3, Delhi Aerocity. The deal marks a major step forward for Tesla’s strategy to attract Indian consumers and strengthen its urban footprint in the country.
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Workie has unveiled its latest workspace offering—Condor Mirage—in Bangalore’s upscale Richmond Town. Positioned for professionals, startups, and remote teams, this new centre provides flexible desk solutions alongside private offices and collaboration areas, all enveloped in modern design and seamless city access.
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The Delhi Metro Rail Corporation (DMRC) has launched its largest office space leasing program yet, unlocking more than 35,000 square metres of built-up commercial real estate in prime locations across Delhi. This strategic move aims to generate new non-fare revenues by offering flexible, long-term office leases to corporates and institutions, with options for sub-leasing and diverse commercial uses. Key sites include the DMRC IT Park at Shastri Park, Konnectus Tower near New Delhi Railway Station, and select stations on the Pink and Violet metro lines.
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Knight Frank India reports Pune’s total office stock has reached 106 million sq ft in the first half of 2025—accounting for approximately 11% of India’s commercial real estate. The city’s remarkable growth has been largely propelled by its robust tech hiring, talent availability, and real estate supply dynamics.
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Andhra Pradesh has unveiled its Land Incentive for Tech Hub (LIFT) Policy 4.0 (2024–2029), offering land at a highly subsidised rate of just ₹0.99 per acre. Designed to harness the state’s available land and skilled workforce, the policy aims to attract major IT, ITES, and GCC players by reducing relocation costs and risk.
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