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

WeWork India, a leading flexible workspace provider, has leased 22,700 sq ft of office space to Chargebee, a global billing and monetisation platform, at its Chennai Ramanujan Intellion Park centre. This move is part of WeWork India’s expanding footprint across eight cities with over 100,000 desks, reflecting growing demand for scalable office solutions in India’s tech hubs.
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Bengaluru-based co-working operator UrbanVault has secured an 80,000-square-foot lease in partnership with Embassy Group at Manyata Tech Park, marking a pivotal expansion of its premium workspace offerings. The facility will provide over 2,000 premium seats with per-seat pricing starting at Rs 10,000, enhanced by modern design and technology infrastructure. With strong pre-leasing momentum from reputed clients and a strategic location within India’s largest tech park, this centre is set to become a flagship asset for UrbanVault.
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Apple India has signed a fresh lease for approximately 64,125 square feet of office space at WaveRock Tower 2.1 in Hyderabad’s Nanakramguda tech hub. The five-year lease, beginning July 2025, further strengthens Apple’s position in one of its largest development centres in India, underscoring its long-term commitment to the country’s talent and technology landscape.
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In 2025, Bengaluru’s commercial real estate landscape is being transformed by multiple fast-rising micro-markets across the city. Driven by improved metro connectivity, easy airport access, and surging IT sector growth, these areas now offer investors and companies low-cost, high-leverage opportunities, strong rental yields, and long-term upside.
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Chennai’s commercial real estate market is experiencing strong momentum, with 4.9 million sq. ft. of new Grade-A office space added in FY2025 and 1.3 million sq. ft. more in Q1 FY2026. Net absorption surged to an impressive 3.1 million sq. ft. in Q1 FY2026, signalling healthy demand led primarily by IT-BPM and engineering & manufacturing sectors. This drove occupancy levels up to 90.6% by June 2025, expected to hold steady through FY2026. Emerging micro-market Pallavaram is attracting IT/ITES firms, with half of the new supply concentrated there, 21% pre-leased already. Rental values in key micromarkets have grown steadily at a 3–4% CAGR over the last five years, with similar growth projected this fiscal year.
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India’s affluent investors have recalibrated their portfolios to prioritise commercial real estate over traditional debt products and residential properties. Offering yields up to 10%, far surpassing residential returns of just 2–4%, commercial assets now command top preference among HNIs and UHNIs. Investments are also diversifying into warehousing, hospitality, student housing, and data centres—reflecting an expanding economic landscape and new wealth creation. Alternative Investment Funds (AIFs) streamline access to these assets, but successful investing requires caution, due diligence, and active management.
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