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

Alpha Alternatives has committed ₹1,250 crore to ASF Insignia, a 50-acre integrated IT office campus in Gurugram. The investment will be deployed in phases to reduce debt, fund new development, and enhance infrastructure, reinforcing strong institutional interest in Grade-A office assets across NCR.
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Morgan Stanley Advantage Services has leased around 1.6 lakh sq. ft. of office space at Brookfield’s Ecoworld in Bengaluru for nearly five years at a monthly rent of ₹1.92 crore. The deal reflects strong BFSI and GCC-led demand along the Outer Ring Road, reinforcing Bengaluru’s status as a global offshore hub.
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India is set to outperform the Asia-Pacific region in office real estate growth in 2026, supported by strong leasing, stable vacancies, and GCC expansion. Bengaluru leads rental growth, while Mumbai and Delhi-NCR show steady gains. Robust occupier demand is expected to absorb new supply without weakening prime rents.
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DevX has scaled its managed office footprint across India using a Landowner-First Development Management model that allows asset owners to retain full control while earning higher returns. The approach has enabled rapid expansion across metros and Tier II cities, strong enterprise adoption, and robust revenue growth in FY25.
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The UK’s University of York has leased 37,602 sq. ft. at Powai’s One Boulevard for nearly ₹50 crore over five years. The lease includes 27 parking spaces, a 3-year lock-in, and a 5% annual rent escalation. This deal underscores robust demand from international tenants amid Mumbai’s 13% growth in office leasing in 2025.
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Parle Products is set to redevelop its historic Vile Parle factory site into a large commercial complex after receiving partial environmental clearance. The ₹3,961-crore project will replace ageing industrial structures with modern office and retail buildings, marking a major shift in land use at one of Mumbai’s most iconic manufacturing locations.
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