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

Hybrid work and AI are reshaping India’s office market, with global attendance still 30% below pre-pandemic levels. Slower entry-level IT hiring, rising demand for flexibility, and migration toward Tier-2 cities are challenging traditional office models. Companies are now rethinking workplace strategies, talent retention, and long-term commercial real estate demand.
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Amitabh Bachchan has leased three commercial floors in Mumbai’s Andheri West to nutrition brand TruNativ for ₹33 lakh a month. The five-year deal covers 8,428 sq ft and is worth nearly ₹22 crore. The transaction highlights demand for premium office assets while adding to Bachchan’s growing commercial real estate portfolio.
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India’s office market is seeing a strong shift toward premium and tech-enabled workspaces. A CBRE survey shows that 40% of occupiers are concerned about the availability of quality office space through 2028. With GCCs driving leasing, demand is favouring Grade-A assets, while older properties could face rising vacancies and competitive pressure.
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Gujarat’s commercial real estate market is entering a new growth phase, driven by GCC expansion, GIFT City and improving infrastructure. Industry leaders say future demand will depend on Grade-A offices, larger floorplates, access to talent, transit, hospitality, and social infrastructure, allowing Ahmedabad and Tier-II cities to attract global occupiers.
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State Bank of India has acquired a 15-storey office building and leasehold land in Pune’s Kharadi Knowledge Park for ₹414 crore to house its Maharashtra Circle office. The deal comes as Pune records a decade-high office absorption, with the flexible workspace and engineering sectors driving demand across the city.
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315Work Avenue has leased around 45,000 sq ft of enterprise-grade managed office space at Bhartiya City in Thanisandra, Bengaluru. The expansion targets rising demand from enterprises, GCCs, and startups. With around 4 million sq ft across 55 locations, the company is also planning further organic and inorganic expansion.
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