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

Signature Global and RMZ Group have formed a 50:50 joint venture to develop a 3.94 million sq. ft. mixed-use project in Gurugram, with a projected value of ₹14,000–16,000 crore. The deal strengthens their CRE presence and highlights the growing demand for integrated commercial developments along the Southern Peripheral Road corridor.
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Mindspace REIT has acquired a 2.6 million sq. ft. Grade A office asset in Chennai for ₹2,541 crore, boosting its presence in South India. The deal includes operational and under-construction space, with strong occupancy and long leases, reflecting rising institutional confidence in India’s commercial real estate market.
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Accenture has leased 1.65 lakh sq. ft. office space in Noida for ₹195 crore over five years through a managed workspace operator. The deal highlights rising enterprise demand for flexible offices, driven by GCC expansion, cost efficiency, and hybrid work strategies across India’s top commercial real estate markets.
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India’s flexible office market has crossed 100 million sq. ft. and is projected to reach $9–10 billion by 2028, according to ANAROCK. Enterprise demand, GCC expansion, and improved profitability are driving growth, marking a shift from startup-led expansion to a more stable, mature, and financially disciplined sector.
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Workday India Pvt Ltd has leased nearly 1.94 lakh sq ft in Chennai’s OMR corridor, signalling strong demand for premium office spaces. The deal highlights Chennai’s growing appeal for global firms, the rise of flexible workspace models, and the continued relevance of large offices despite hybrid work trends.
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Stylework has launched Stylework.AI at the India Flexible Workspace Summit 2026 in Mumbai, organised by FICCI. The platform aims to redefine workspace management using AI, supporting hybrid strategies, cost optimisation, and data-driven decision-making across India’s rapidly growing flexible workspace sector.
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