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

India’s office market is in expansion mode, with NCR, Pune, Bengaluru, Chennai, Mumbai and Hyderabad all seeing strong demand. New supply, rapid GCC growth, hybrid-friendly flex spaces and rising economic confidence are reshaping how and where companies work. This story breaks down the key cities, numbers and forces behind the current boom.
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India’s flexible workspace movement has evolved from a startup experiment into an institutional asset class. Powered by Startup India, pandemic-driven hybrid work, and a maturing funding environment, operators are shifting “from growth obsession to value creation.” IPO readiness, tier II expansion, and GCC-led demand are now defining the sector’s next chapter.
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away Centre, a wellness-forward coworking brand, has launched its newest hub in Bengaluru’s Koramangala, positioning itself as a human-scale alternative to mass-market flex operators. With sub-20,000 sq ft hubs, design-led spaces, meditation zones, cultural programming, and a “Nano-GCC” network vision, away aims to make workspaces about presence, community, and conscious growth.
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Smartworks has leased ~1.66 lakh sq ft to Wolters Kluwer at its Marisoft campus in Pune’s Kalyani Nagar micro-market, strengthening its large-format, campus-led strategy. The deal comes on the back of a strong Q2 FY26, where Smartworks reported 21% YoY revenue growth, rising enterprise cohorts, and a net-debt negative balance sheet.
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Jefferies has initiated coverage on WeWork India with a Buy rating and a base target of ₹790, implying 28% upside and up to 45% in the bull case. The brokerage cites strong flex demand, rising seat additions, expanding margins and premium pricing, reinforcing WeWork India’s leadership in the country’s fast-growing flexible workspace market.
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Colliers says India’s Grade A demand may reach ~70 million sq ft in 2025, with around 60 million sq ft of new supply. Occupiers are prioritising quality, hybrid work, sustainability, and inclusivity. “Over 80%” of the upcoming Grade A supply is green-certified, while flex could “drive nearly 20%” of demand, reshaping workplace strategy.
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