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

Equirus Capital highlights strong momentum in India’s real estate sector as commercial space demand in the top eight cities surges from 39.3 million sq. ft in 2020 to 66.4 million sq. ft in 2025, marking an impressive 11% CAGR. Bengaluru and Mumbai are global standouts, offering affordable rentals and unmatched value for international firms seeking scale and skilled talent.
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Ahmedabad-based coworking provider DevX will launch its Initial Public Offering (IPO) on September 10, closing on Friday of the same week. The company will become the fourth publicly listed coworking space provider in India, listing shares on both the NSE and BSE, following peers like Awfis, IndiQube, and Smartworks.
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India’s escalating office rentals in major metros are reshaping business strategies, with Hyderabad, Pune, Indore, Ahmedabad, Lucknow, and Coimbatore leading the shift towards affordable, high-quality office spaces. Supported by rapid infrastructure growth, government incentives, and robust talent pools, these Tier-2 cities offer sustainable alternatives—making 2025 a turning point for India’s multi-city commercial real estate growth.
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India’s real estate market has become a strategic focus for global investor Hines, thanks to its scale, stability, and robust domestic demand amid uncertain global economic conditions. Supported by policy reforms, urbanisation, and rising consumption, India offers a compelling long-term investment foundation when compared to other economies facing headwinds and de-globalisation.
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India’s burgeoning IPO market is opening new avenues for co-working space companies as investor enthusiasm builds. Following successful public listings by Awfis, Smartworks, and IndiQube Spaces, more players like WeWork India are preparing to enter the markets, reflecting strong demand and growth potential in this segment.
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Ofis Square, India’s fast-growing provider of coworking and managed office solutions, has announced its partnership as Associate Partner of UP Yoddhas for the Pro Kabaddi League (PKL) Season 12. This collaboration unites one of India’s leading workspace brands with a competitive and widely loved PKL franchise under the GMR Group, as the country’s premier kabaddi event kicks off its 2025 season.
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