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

Madurai is witnessing rising demand for coworking spaces as startups grow and hybrid work becomes common. Local operators like Value CoWork and Luminspace are expanding flexible office offerings, including hourly meeting rooms and secure workspaces. The trend highlights how Tier-2 cities are embracing cost-effective, scalable workspace solutions for emerging businesses.
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BPTP has won the Iconic Project – Commercial award at the Economic Times Real Estate Conclave & Awards 2026 for its Capital City development in Sector 94, Noida. The mixed-use project was recognised for its scale, integrated master planning, and modern commercial infrastructure that support sustainable, future-ready workspaces.
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Nukleus has announced a new 32,000 sq. ft. managed office centre at SkymarkOne, Sector 98, Noida. Located along the Noida–Greater Noida Expressway, the workspace will offer enterprise suites, collaborative zones, and an exclusive terrace. The expansion strengthens Nukleus’ presence in NCR amid rising demand for premium flexible office solutions.
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WeWork India has signed a lease to add 141,392 sq. ft. of workspace capacity in Chennai, strengthening its presence in the city’s growing flexible office market. The expansion reflects rising demand from technology firms, GCCs, and startups seeking scalable office solutions amid the increasing adoption of hybrid work models.
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Prime Offices Fund has acquired a 1.1 million sq ft Grade A office asset in Pune’s Kharadi for nearly ₹1,000 crore. The joint venture deal expands the fund’s footprint to three cities, taking its total portfolio to 3.8 million sq ft and reinforcing its institutional office investment strategy.
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MetLife has leased 58,290 sq ft at Oxygen Business Park, Noida, strengthening its GCC footprint in NCR. The deal follows large office transactions by EY GDS, IBM, and Eternal Ltd. Stable rentals near ₹56–57 per sq ft and structured escalations highlight sustained demand for Grade A office space.
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