Industry News

Awfis Expands Chennai Footprint to 28 Centres Amid Rising GCC Demand for Flexible Offices 0
- Industry News
- May 14, 2026
Awfis has expanded its Chennai portfolio by leasing more than 110,000 sq ft across two new centres at Olympia Crystal and DLF Cyber City. With this addition, the company now operates 28 centres spanning 8.75 lakh sq ft in Chennai, driven by strong enterprise and GCC demand for flexible workspace solutions.
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McKinsey Renews Mumbai BKC Office Lease at ₹2.58 Crore Monthly Rent in Landmark 10-Year Deal 0
- Industry News
- May 13, 2026
McKinsey & Company India LLP has renewed its 35,520 sq ft office lease at Maker Maxity in Mumbai’s Bandra-Kurla Complex for 10 years at a monthly rent of ₹2.58 crore. The deal reflects surging commercial rents in BKC, where global firms like Google, Meta, JPMorgan, and BNP Paribas continue to expand their office footprints.
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Smartworks Reports 45% Revenue Growth as GCC Demand Accelerates Enterprise Workspace Expansion 0
- Industry News
- May 13, 2026
Smartworks Coworking Spaces Ltd. reported a 45% year-on-year revenue jump to ₹520 crore in Q4FY26. The company’s growing focus on enterprise infrastructure and GCC-led demand has expanded its operational portfolio beyond 10.1 million sq ft, though high lease liabilities and elevated valuations continue to draw mixed market reactions.
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Flexible Workspace Operators to Invest ₹4,500 Crore as Enterprise Demand Reshapes India’s Office Market 0
- Industry News
- May 13, 2026
India’s leading flexible workspace operators are expected to invest ₹4,000-4,500 crore to add 15-20 million sq ft of new capacity over the next two financial years. The expansion is being driven by strong enterprise and GCC demand, with flex workspaces projected to account for nearly 25% of office absorption in the coming years.
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Flex Spaces Set for 18% Growth as GCC Demand Powers India’s Next Office Boom: Crisil 0
- Industry News
- May 7, 2026
India’s flexible workspace market is projected to grow 16–18% to 140–145 million sq ft, driven by GCCs, corporates, and startups. With rising occupancy, stable profitability, and strong pre-leasing activity, flex operators are becoming a key driver of office demand despite global and technology-related risks.
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India Real Estate Attracts $30.7 Billion Equity Surge, REIT Momentum Set to Deepen Market Liquidity 0
- Industry News
- May 7, 2026
India’s real estate sector recorded $30.7 billion in equity inflows between 2024 and Q1 2026, alongside $146 billion in debt financing. Driven by REIT growth, strong occupier demand, and institutional participation, the sector is poised for sustained investment momentum despite global volatility and rising land costs.
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