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

Enzyme Office Spaces has leased 3.4 lakh sq ft across Bengaluru for a monthly rent of ₹2.5 crore over 10 years. The expansion will add 5,000 seats, targeting GCCs and startups. With plans for further growth, the company is strengthening its position in India’s fast-growing managed workspace segment.
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WeWork India has signed a managed office deal worth ₹ 475.49 crore with TMUS India for 250,000+ sq. ft. at Phoenix H10, Hyderabad. The 60-month contract highlights rising demand for enterprise-grade flexible workspaces. The deal strengthens WeWork India’s Hyderabad presence and reflects strong growth in managed office solutions.
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India’s Grade A office market is poised for strong growth in 2026, fueled by GCC expansion, flexible workspace adoption, and REIT-led institutionalisation. Bengaluru leads activity, while sustainability and tech-enabled offices dominate demand. Flex spaces could account for up to 25% of leasing, reshaping occupier strategies nationwide.
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Awfis Space Solutions shares rose after the company crossed 100 centres in South India, expanding to 3.1 million sq. ft. and 70,000 seats. Strong demand from corporates and GCCs is driving growth, with Bengaluru leading the way. The company now operates 250+ centres nationwide, serving over 3,400 clients.
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Quest Coworks has acquired 57,500 sq ft office space in Andheri East, Mumbai, for ₹55.84 crore from Capgemini. The deal includes five units and 51 parking spaces. The move supports its expansion and strategy to own premium assets, targeting enterprise clients and flexible workspace growth in key business districts.
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WeWork India is expanding in Bengaluru with two new leased facilities, adding over 4,100 desks across 2.46 lakh sq ft. Backed by a ₹60 crore investment, the move highlights strong demand for flexible workspaces, with current occupancy at 83.9% and growing enterprise adoption in India’s leading office market.
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