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Smartworks IPO Fully Subscribed on Day Two as India’s Office Market Booms 0
- Industry News
- July 16, 2025
Smartworks’ $67.6 million IPO was fully subscribed by the second day, driven by strong interest from retail and non-institutional investors. The surge reflects the rising demand for integrated office spaces as global firms expand their operations in India. Analysts expect tech parks to dominate new supply, reinforcing India’s position as one of the top office markets in the Asia-Pacific region.
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Smartworks IPO Sees Strong Demand Despite Losses—Here’s What Investors Need to Know 0
- Industry News
- July 16, 2025
Smartworks Coworking Spaces’ IPO closed with an oversubscription of 13.45 times, led by strong institutional interest. The ₹583 crore issue, now in allotment stage, saw muted retail participation. Despite losses, the flex workspace provider posted a 32% revenue growth in FY25, signalling confidence in India’s booming flexible office market.
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ExxonMobil Renews 5.3 Lakh Sq Ft Lease in Bengaluru, Underscoring Corporate Faith in City’s Office Market 0
- Industry News
- July 15, 2025
ExxonMobil has renewed its five-year lease for 5.31 lakh sq ft in Bengaluru’s Whitefield, committing ₹2.60 crore monthly. The deal reflects growing occupier confidence in India’s top tech hub. Recent mega-leases by Amazon and Google further reinforce Bengaluru’s dominance in attracting global giants to premium commercial office spaces.
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GCCs Drive India’s Office Leasing Boom, With Delhi-NCR Leading the Charge 0

Global Capability Centres (GCCs) leased nearly 32 million square feet in FY25—up 24% from the previous year—driven by India’s skilled talent and modern office infrastructure. Delhi-NCR emerged as the top performer, with Fortune 500 firms taking half the GCC space. Demand is expanding beyond IT to banking, healthcare, and R&D.

Pune’s Office Market Booms in H1 2025, Driven by GCCs and Flex Demand 0

Pune experienced a significant surge in office leasing during the first half of 2025, driven by Global Capability Centres and flex space operators. Leasing reached 38–51 lakh sq ft, with GCCs alone accounting for 15 lakh sq ft in Q2. Despite rising vacancies from new supply, rents climbed 3% to ₹77/sq ft.

Kolkata’s Office Market Sees 60% Surge, Led by Flex and IT Leasing 0

Kolkata’s commercial office market experienced a sharp 60% rise in leasing activity in H1 2025, reaching a decade-high of 1.1 million sq ft. Driven by a major IT deal and two flex workspace transactions, vacancy rates dropped, rents rose, and peripheral business districts, such as Salt Lake and Rajarhat, led the transformation.

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