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

A global engineering and technology major has leased close to 4 lakh sq ft of Grade A office space in Bengaluru’s Bellandur ORR corridor. The seven-year deal signals strong confidence in the city’s talent base, infrastructure, and GCC ecosystem, while highlighting the rising demand for integrated, sustainable, campus-style commercial developments.
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Incuspaze has expanded its ‘Your Office, Your Way’ OOH campaign to Chennai, targeting enterprise occupiers, GCCs, and decision-makers in high-traffic business zones. Building on its successful Bengaluru activation, the brand aims to reinforce its leadership in managed offices. The campaign emphasizes flexibility, scalability, and tailored workspace solutions aligned with Chennai’s growing corporate demand.
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PropShare Investment Trust has filed draft papers for its third SM REIT scheme, PropShare Celestia, a ₹244.65 crore fresh issue backed by a fully leased Grade A+ office asset in Ahmedabad. With tenants including Smartworks, EFC, and a Swedish telecom multinational, the REIT targets an FY27 yield of 8.4% and a BSE listing.
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BA Continuum has leased 1.11 lakh sq ft of Grade-A space at Cignus in Powai for ₹1.43 crore per month, strengthening corporate demand in the micro-market. Meanwhile, Tusshar Kapoor and Jitendra Kapoor sold a 3.25 lakh sq ft commercial property in Chandivali for ₹559.25 crore, underscoring rising investor activity.
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JP Morgan Services India has leased 2.71 lakh sq ft of flex office space at Cowrks’ One Downtown Central in Mumbai’s Powai for ₹612 crore. The five-year lease includes a 30-month lock-in and a monthly rent of ₹9.23 crore. The deal reinforces growing demand for Grade-A flexible workspaces in key financial districts.
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Vestian’s new report says India is poised to become one of the world’s most dynamic REIT markets, backed by strong commercial assets, growing investor appetite, and rising opportunities beyond offices. With the market cap expected to reach USD 25 billion by 2030, emerging sectors such as data centres, logistics, and warehousing will drive the next wave of REIT-led growth.
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