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

Vatika Business Centre has launched a new 28,500 sq ft coworking hub in Noida’s prominent Sector 62, responding to the increasing demand for flexible workspaces in one of India’s fastest-growing IT and business hubs. This move further solidifies Vatika’s presence across major Indian cities and supports the evolving workspace needs of professionals and enterprises.
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Bengaluru continues to dominate India’s flexible office space landscape, holding the largest share of 31% in the country’s rapidly growing flex workspace ecosystem. The city’s strong presence of global corporates, Global Capability Centres (GCCs), and startups contributes to a deep and mature flexible office market.
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The Competition Commission of India (CCI) has approved a significant multi-entity investment deal involving Temasek Holdings and Ivanhoe Cambridge, two global institutional investors. This partnership targets extensive commercial real estate assets in key Indian growth markets such as Bengaluru, Mumbai, and Navi Mumbai. The transaction underscores rising international confidence in India’s real estate sector, with a focus on sustainable, large-scale commercial developments.
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BMW Techworks, a joint venture between BMW Group and Tata Technologies, has leased 58,900 sq. ft of premium commercial office space in Whitefield, Bengaluru, for ₹1.04 crore per month. The five-year agreement, signed with Simpliwork Offices Pvt Ltd, reflects the growing demand for world-class office infrastructure among automotive tech ventures. The phased occupation begins in September 2025, underscoring Whitefield’s status as a strategic hub for global technology firms.
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Prestige Office Ventures, the office vertical of Prestige Group, has announced an ambitious office expansion across India’s top metros, aiming for a 30 million square feet (msf) portfolio and annual rentals of ₹3,200 crore by FY28. This strategic move includes large-scale development in Mumbai, Bengaluru, Hyderabad, Chennai, and Delhi-NCR, alongside a bold entry into data centre infrastructure. The plan positions Prestige as a driver of commercial real estate growth in India’s evolving urban landscape.
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Prestige Group has set a new record in Hyderabad’s commercial real estate market by acquiring an 11-acre plot in the high-demand Knowledge City area for Rs 1,556 crore. This deal, part of a Telangana Government auction, underscores Hyderabad’s growing stature as a global business hub and reflects robust investor confidence in its office space demand, especially in the HITEC City micro market.
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