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

Smartworks Coworking Spaces Ltd. has named Anshul Popli as Head – Product & Execution, responsible for procurement and projects across MEP, QS, and execution. Drawing on his entrepreneurial experience at Modern Intrno and an MBA from the University of Nottingham, Popli will support Smartworks’ 12.7 million sq. ft. managed office portfolio and deepen its delivery excellence.
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India’s office market is in expansion mode, with NCR, Pune, Bengaluru, Chennai, Mumbai and Hyderabad all seeing strong demand. New supply, rapid GCC growth, hybrid-friendly flex spaces and rising economic confidence are reshaping how and where companies work. This story breaks down the key cities, numbers and forces behind the current boom.
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India’s flexible workspace movement has evolved from a startup experiment into an institutional asset class. Powered by Startup India, pandemic-driven hybrid work, and a maturing funding environment, operators are shifting “from growth obsession to value creation.” IPO readiness, tier II expansion, and GCC-led demand are now defining the sector’s next chapter.
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away Centre, a wellness-forward coworking brand, has launched its newest hub in Bengaluru’s Koramangala, positioning itself as a human-scale alternative to mass-market flex operators. With sub-20,000 sq ft hubs, design-led spaces, meditation zones, cultural programming, and a “Nano-GCC” network vision, away aims to make workspaces about presence, community, and conscious growth.
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Smartworks has leased ~1.66 lakh sq ft to Wolters Kluwer at its Marisoft campus in Pune’s Kalyani Nagar micro-market, strengthening its large-format, campus-led strategy. The deal comes on the back of a strong Q2 FY26, where Smartworks reported 21% YoY revenue growth, rising enterprise cohorts, and a net-debt negative balance sheet.
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Jefferies has initiated coverage on WeWork India with a Buy rating and a base target of ₹790, implying 28% upside and up to 45% in the bull case. The brokerage cites strong flex demand, rising seat additions, expanding margins and premium pricing, reinforcing WeWork India’s leadership in the country’s fast-growing flexible workspace market.
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