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

India Accelerator and International Real Estate Partners (IREP) have partnered to launch IREPworkspaces, a managed office platform in NCR, with a planned investment of ₹100 crore. Over 18 months, the venture aims to create nearly nine lakh sq ft across 12–15 centres, adding approximately 15,000 seats in prime commercial corridors.
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L&T Realty has acquired a 1.34-acre land parcel in Mumbai’s Elphinstone Road for ₹448.6 crore to develop a premium Grade A office project. Located near Lower Parel, the development will feature modern amenities and target top corporates, highlighting sustained confidence in India’s commercial office and flex-ready workspace market.
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WeWork has commissioned a state-of-the-art sewage treatment plant at its Noida facility to enhance sustainable operations. The system enables efficient wastewater treatment and reuse, reduces freshwater consumption, supports ESG goals, and meets regulatory norms, setting a benchmark for eco-conscious infrastructure in India’s growing flexible workspace sector.
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Gurugram recorded ₹86,588 crore in real estate investments across 131 RERA-approved projects in 2025, according to Gurugram RERA. The growth spans residential, commercial, and mixed-use developments, led by premium projects, while mid-segment and affordable housing gained traction, strengthening investor and buyer confidence in the market.
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House of Hiranandani has launched its first coworking pilot with a 160-seat flexible office centre at Hiranandani Gardens, Powai. The Mumbai-based developer plans to scale the model across its portfolio, tapping into India’s rapidly growing flex office market, which is projected to cross 100 million sq. ft. by 2027.
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India’s office market hit a historic high in 2025 with 83.3 MSF of leasing. GCCs led with a record 31 MSF, Flex operators reached their highest quarterly share, and net absorption touched an all-time high of 57 MSF. Vacancy levels dropped to a five-year low as major cities posted record activity and strong demand signals.
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