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

Flexible workspaces now account for more than 20% of new office leasing in India, according to WeWork India CEO Karan Virwani. Companies are also doubling investments in office interiors to improve employee experience, attract talent, and support hybrid work models, signalling a broader transformation in workplace strategy across India Inc.
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Brookfield India REIT posted a strong FY26 performance with operating lease rentals rising 22.9% year-on-year to ₹21,466 million. The growth was driven by the acquisition of Bengaluru’s Ecoworld campus, record leasing activity of 4 million sq ft, and a successful equity raise of ₹82 billion to support future expansion.
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Uber India Systems Private Limited has leased nearly 9 lakh sq ft of office space at Meenakshi Eco Park in Hyderabad for an estimated ₹839 crore over 10 years. The deal strengthens Hyderabad’s position as a major technology and GCC hub, joining recent expansions by Apple, Netflix, Meta, and other multinational occupiers.
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Mindspace Business Parks REIT has expanded its Chennai portfolio by acquiring commercial office assets in Sholinganallur, adding nearly 25 lakh sq ft of chargeable office space. The deal strengthens Chennai’s growing position in India’s office leasing market while highlighting rising institutional investment, GCC demand, and increasing focus on sustainable urban infrastructure.
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Pune’s office leasing market continues to grow as multinational companies expand across emerging business corridors. A new 0.13 million sq ft office transaction highlights rising demand for Grade A workspaces, sustainability-focused developments, and integrated business parks. Experts believe Pune’s affordability, infrastructure growth, and strong talent pool are strengthening its position in India’s commercial real estate landscape.
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Premium flexible workspace operator The Executive Centre (TEC) has leased 465,000 sq ft across Bengaluru, Hyderabad, and Chennai, adding over 6,000 workstations. The expansion is being driven by rising demand from GCCs, multinational corporations, and enterprise occupiers, reinforcing South India’s position as a major growth engine for India’s office and flexible workspace market.
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