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

NCC Ltd has acquired an office at Kanakia Wallstreet, Andheri, for ₹ 18.5 crore, spanning 3,318 sq. ft. of carpet area and featuring three parking bays. Brokered by Volney, the deal follows high-profile purchases by Starlink and Saif Ali Khan, underscoring sustained demand for premium Mumbai offices and confidence in the city’s commercial growth story.
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ICICI Securities has initiated coverage on WeWork India Management Ltd with a ‘Buy’ rating and a target price of ₹914 per share, implying a 47% upside. The brokerage cites strong demand for premium flex workspaces, robust growth in seats, and backing from Embassy Group, while Jefferies also maintains a constructive view on the stock.
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CARE Ratings has reaffirmed Smartworks Coworking Spaces’ long-term rating at ‘CARE A’ with a ‘stable’ outlook and its short-term rating at ‘CARE A1’. The rating action reflects improved scale, healthy occupancy, a stronger post-IPO capital structure, diversified tenant base, and robust cash flows, while flagging risks from aggressive expansion, lease renewals, and sector cyclicality.
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Vertex Managed Workspace has won the “Excellence in Coworking and Enterprise Office Space” award at the ET Now Business Conclave 2025, recognising its role in transforming Mangaluru into a hub for global talent. With 6+ centres and 35+ companies, Vertex is emerging as a key driver of the city’s ‘Silicon Beach’ ambitions.
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Playback singer Kailash Kher has “purchased commercial office space in Mumbai’s Bandra Kurla Complex (BKC) for ₹10.5 crore” in the Trade Centre building, one of India’s priciest commercial districts. The 2,619 sq ft office, which includes parking, was bought from N&T Family Private Trust, underscoring a wider trend of celebrities investing in Mumbai’s top-grade real estate.
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UiPath has opened a new 25,599 sq. ft. office in Bangalore’s Embassy Tech Village – Onyx. The hub will house Product & Engineering teams in India, responsible for nearly 25% of global R&D. Designed for collaboration, wellness, and sustainability, it supports rapid growth and agentic-AI product development.
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