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

MyBranch has expanded its South India workspace footprint to 50,000 sq ft across 16 centres. The flexible workspace provider is targeting growing demand from enterprises, GCCs, MNCs and startups seeking regional offices. Its expansion comes as Bengaluru, Hyderabad and Chennai continue to drive strong office demand.
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India’s commercial real estate market is entering a broader growth phase, with office demand, GCC expansion, data-centre investment and retail activity reshaping established business districts and emerging corridors. Record office absorption and rising institutional capital are supporting new opportunities across Delhi-NCR, particularly Noida, Greater Noida, Gurugram and the Yamuna Expressway.
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ICICI Bank has leased 3,347 sq ft of commercial space at Farena Corporate Park in Pune’s Hadapsar from Farida Pankaj Udhas for nine years. The agreement starts at ₹2.50 lakh per month, includes a 10% rent escalation every three years, and a 105-day rent-free period.
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Chandru Raheja has sold a 1.49% stake in Mindspace Business Parks REIT for nearly ₹500 crore. The transaction involved 99 lakh units at ₹505 each. The sale reduces Raheja’s direct holding while Mindspace continues to operate a large Grade-A office portfolio across India’s major commercial markets.
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Brookfield India REIT’s arm, Kairos Properties, has agreed to acquire office units across two floors of the Delphi building in Mumbai’s Powai. The transaction will lift its ownership from 80% to 86% on a gross leased area basis. The deal strengthens its position in Powai’s established commercial ecosystem.
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WeWork India is entering its next growth phase as enterprise and GCC demand reshapes the flex workspace market. The company operates 79 centres across eight cities, with 84.9% portfolio occupancy. Managed-office capacity has nearly doubled in a year, while 36% FY27 capacity growth is already locked in.
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