Industry News

South India Leads Office Property Market Recovery 0
- Industry News
- May 24, 2024
South India, led by Bengaluru, Hyderabad, and Chennai, drives India’s office property market recovery. These cities account for nearly 60% of space demand by 2025, fueled by the tech sector and global capability centres. The office market is booming, with significant growth and large leasing deals expected throughout 2024.
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Awfis Space Solutions | Leading the Way in Flexible Workspace Solutions 0
- Workspace Solutions, Industry News
- May 23, 2024
Awfis Space Solutions, India’s largest flexible workspace provider, revolutionises the office landscape with innovative solutions and a vast network across 16 cities. Explore how Awfis leads in adaptability, growth, and market dominance, offering unparalleled flexibility for businesses of all sizes.
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Smartworks Expands Pune Portfolio with New 6 Lakh Sq Ft Coworking Hub 0
- Industry News
- May 22, 2024
Smartworks has leased a 6 lakh sq ft tower in Pune’s Balewadi, expanding its managed office portfolio to over 3 million sq ft in the city. The new coworking hub will open in October and offer over 8,000 desks, catering to the rising demand for flexible office spaces post-pandemic.
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India’s Office Demand Set to Exceed 70 Million Sq Ft in 2024 0
- Industry News
- May 21, 2024
India’s Grade A office space demand is set to exceed 70 million square feet in 2024, driven by major cities like Bengaluru, MMR, and Delhi-NCR. Rising rentals and large leases, especially in the IT/ITeS and BFSI sectors, highlight robust growth, signalling significant opportunities for developers and investors.
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Awfis Set to Launch IPO on May 22 0
- Industry News
- May 16, 2024
Awfis Space Solutions will launch its IPO on May 22, aiming to raise Rs 128 crore. Key investors, including Peak XV Partners and ChrysCapital, will divest 12.3 million shares. Despite increased revenue, Awfis reported losses. IPO proceeds will fund expansion, new centres, and working capital.
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Governments and Co-Working Spaces Join Forces to Boost Remote Work 0
- Industry News
- May 16, 2024
State governments in India and the co-working industry are collaborating to enhance remote work opportunities. Initiatives include developing co-working spaces, improving infrastructure, and offering flexible memberships. This synergy aims to boost local economies, support remote workers, and promote work-life balance, making remote work a sustainable norm.
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