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

With its ambitious plans, DevX is poised to double its coworking spaces to a staggering 2 million sq ft in just two years. This expansion strategy also includes international destinations like Dubai and Singapore. Bolstered by a recent $7 million funding boost, DevX is also making strategic partnerships, such as the one with Deakin University for its new India campus.
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India’s office space demand soared in Q1 2024 across top cities, led by Bengaluru, Hyderabad, and Mumbai. This demand is driven by sectors like BFSI and IT-ITES and a shift to Grade A and coworking spaces. The market shows robust growth despite global economic uncertainties.
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Asia-Pacific’s offshoring market is booming, set to hit $185.1 billion by 2032, driving significant office space demand. With the lowest operating costs and rapid growth in key cities like India and the Philippines, the region leads global offshoring, offering cost-effective, high-quality office solutions.
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Office space leasing in India’s major cities surged 44% in Q1, hitting 11.5 million sq ft, led by Mumbai, Bengaluru, and Chennai. Despite declines in some cities, the robust demand suggests a market shift, with a 33% increase in gross leasing, indicating strong corporate expansion trends.
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Indian cricketer Virat Kohli makes a significant commercial investment with an office space lease in Gurugram, managed by his brother Vikas Kohli. Explore the financial intricacies and strategic foresight behind Kohli’s expansion into the business realm amidst a pause from cricket.
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The landscape of workplace design in India is undergoing a profound transformation, influenced by global trends towards sustainability, innovative design, and technology.
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