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

A joint report by CBRE India and FICCI reveals that nearly 65% of Indian firms plan to adopt flexible workspaces by 2027. This shift is being driven by strong enterprise demand, rapid supply expansion across key cities, positioning flex offices as a core pillar of India’s evolving office market strategy.
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India’s flexible office stock has surpassed 100 million sq ft, growing rapidly at a 23–25% CAGR. Bengaluru leads the market, followed by Delhi-NCR and Pune. Demand is driven by IT, BFSI, and global companies, while GCCs and tier-II expansion are set to fuel the next phase of growth.
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Smartworks has partnered with People 360D to offer integrated workspace and AI-powered talent solutions for GCCs in India. The collaboration enables faster setup, seamless hiring, and scalable operations. As GCCs evolve into strategic hubs, this plug-and-play model aims to shorten execution timelines and improve operational efficiency for global companies.
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Tier-2 cities are rapidly transforming into key office markets, driven by lower costs, expanding flex workspaces, and growing GCC presence. With over 575 centres and strong demand for Grade-A, sustainable spaces, these cities are attracting enterprises seeking scalability, efficiency, and long-term growth beyond metro markets.
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India Accelerator plans to invest $5 million to double its coworking presence across India over the next 12–18 months. With 29 centres across over 20 cities, the company is expanding into key Tier-2 and metro markets, including Vadodara, Kolkata, and Bengaluru, thereby strengthening its community-driven, flexible workspace ecosystem.
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IndiQube has secured a ₹54 crore, five-year deal for 1,140 seats in Pune, reflecting strong GCC demand for managed workspaces. The deal highlights rising enterprise outsourcing of office needs, integrated workspace design trends, and IndiQube’s growing positioning as a strategic partner in India’s expanding flexible workspace ecosystem.
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