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

India’s Flex market is no longer about one dominant city. Bengaluru sets the quality benchmark, Delhi–NCR is the governance and compliance powerhouse, and Hyderabad is scaling at speed with Grade-A stock and GCC demand. Together, they define how India’s next decade of Flex and managed offices will unfold across the country.
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Dream11 parent Sporta Technologies has leased around 1.70 lakh sq ft at Ascent Worli for more than ₹334 crore, in one of Mumbai CBD’s largest deals of 2025. The five-year, ₹5.07-crore-a-month lease with 4.75% annual escalation underscores strong, long-term demand for Grade-A, centrally located office space from digital-first enterprises today.
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Saif Ali Khan has acquired two office units worth ₹30.75 crore at Kanakia Wallstreet, Andheri East, buying 5,682 sq. ft. carpet area with six parking bays from US-based Apiore Pharmaceutical. The celebrity deal, brokered by Knight Frank and Volney, underscores HNI’s confidence in Mumbai’s Grade-A commercial office and rental-yield story.
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Smartworks has taken on 815,000 sq. ft. of office space at Eastbridge, Mumbai—a major development by the Niranjan Hiranandani Group. Scheduled to go live in Q4 2026, this will become Smartworks’ largest global campus, reinforcing its campus-led strategy. Leaders from both companies call it a milestone in scale, design, and sustainability.
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JustCo is debuting its luxury flex brand, THE COLLECTIVE, in India with flagship centres at DLF Cyberpark, Gurugram and Helios Business Park, Bengaluru, opening in early 2026. Positioned in prime business corridors, the hospitality-led workspaces feature curated experiences, premium ergonomics, India-exclusive customisable suites, and deepen JustCo’s expanding Asia-Pacific portfolio.
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Apple has leased around 2.7 lakh sq. ft. in Embassy Zenith, Bengaluru, for 10 years, starting at a monthly rent of Rs 6.3 crore. The deal covers nine floors and parking, taking total payouts above Rs 1,000 crore and strengthening India’s role as a key export, engineering and innovation hub.
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