Industry News

Coworking Operators Lease Record 125 Lakh Sq Ft in 2024 Amid Skyrocketing Demand 0
- Industry News
- January 8, 2025
India’s coworking sector hit a record high in 2024, leasing 125 lakh sq ft of office space—44% more than in 2023. Driven by demand for flexibility and cost-efficiency, major cities like Bengaluru and Mumbai lead growth. Experts predict further expansion, with flex spaces becoming strategic assets for businesses adopting hybrid work models.
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Smartworks Expands in Gurugram with Major Lease Deal 0
- Industry News
- January 8, 2025
Smartworks has leased 4.8 lakh sq ft in DLF City Phase 5, Gurugram, for ₹94.68 crore annually, marking a significant expansion. The six-year deal includes six floors, parking for 794 cars, and rental escalation. This move reinforces Smartworks’ leadership in coworking, aligning with the rising demand for flexible, enterprise-grade office solutions.
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Co-Working Spaces in Small Towns: Empowering Women and Boosting Growth 0
- Industry News
- January 6, 2025
Andhra Pradesh plans 150,000 co-working seats by 2025 to empower women and boost rural economies. Chief Minister N. Chandrababu Naidu emphasises flexible work options to utilise women’s skills, enhance family incomes, and drive state growth. Innovation hubs will also provide skill training, linking industries and educational institutions for job readiness.
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WeWork 37 Cunningham: Redefining Workspaces for Industry Leaders 0
- Industry News
- January 6, 2025
WeWork 37 Cunningham, spanning 61,120 sq ft on Bengaluru’s Cunningham Road, sets a new benchmark for premium workspaces. It is designed for executives and Fortune 500 leaders and features elegant interiors, bespoke services, ergonomic designs, and sustainable technology. This LEED-certified space combines productivity, style, and eco-consciousness for modern corporate needs.
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IndiQube Files ₹850 Crore IPO to Expand Flexible Workspace Portfolio 0
- Industry News
- January 6, 2025
IndiQube files for a ₹850 crore IPO to fund expansion, debt repayment, and corporate needs. Managing 103 centers across 13 cities, the workspace provider reported ₹868 crore in revenue in FY24. Backed by WestBridge Capital, IndiQube targets India’s growing flexible workspace demand, projected to hit 124 million sq ft by 2027.
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IBM Eyes 260,000 Sq Ft Office Lease in Gurgaon’s TRIL Tower 0
- Industry News
- January 2, 2025
IBM is in talks to lease 260,000 sq ft at Gurgaon’s TRIL Tower, highlighting India’s booming office leasing market, expected to reach 85 million sq ft in 2024. Driven by Global Capability Centres (GCCs) and premium infrastructure demand, Gurgaon leads as a commercial hub amidst India’s 70% APAC net absorption share.
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