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

Bengaluru is strengthening its position as India’s leading flexible workspace hub as global firms increasingly opt for premium, green-certified offices. Driven by GCC demand, improved connectivity, and sustainability goals, the city’s flex market is reshaping leasing strategies, decentralising business districts, and accelerating the shift toward high-quality, adaptable office spaces.
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Budget 2026 proposes dedicated REITs to monetise real estate assets owned by central public sector enterprises. The move could unlock prime city properties, deepen India’s REIT market, and give retail investors access to stable, income-generating assets with liquidity, transparency, and long-term growth potential.
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Apple India has leased 57,000 sq ft of office space at WaveRock IT Park, Hyderabad, for ₹71.67 lakh per month, taking its total campus footprint to 6.34 lakh sq ft. The lease spans five floors with a three-year lock-in, warm-shell interiors, and 57 car parking spaces.
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WeWork India has signed a lease agreement to expand its Hyderabad footprint by around 3,300 desks, backed by an estimated investment of ₹100 crore. The expansion, expected to be completed by June 2026, comes as the company reports 83.9% utilisation on its current 1,21,638-desk capacity.
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India’s commercial real estate market is becoming increasingly REIT-focused, with over 415 million sq ft of office space across Bengaluru, Mumbai, Delhi-NCR, Chennai, Hyderabad, and Pune now REIT-eligible. SEBI’s new rules classifying mutual fund and SIF investments in REITs as equity instruments are expected to enhance liquidity and participation by institutions.
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SpazeOne announces a major expansion in South India, unveiling new managed office centres in Bengaluru, Kochi, Coimbatore, Thiruvananthapuram, and Calicut. The company will add over 2 lakh sq. ft. in Bengaluru alone, reinforcing its position as a regional workspace leader with scalable, tech-enabled, and plug-and-play solutions for startups, SMEs, and enterprise clients.
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