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

Smartworks is pursuing a 30–35% CAGR over the next three years and aims to double GCC revenue share from 15% within two years. After a two-notch CareEdge upgrade to ‘A; Stable’, the platform reported Q2 revenue of ₹424 crore (21% YoY). New milestones include 8.15 lakh sq. ft. at Eastbridge, Mumbai, and the expansion of national campuses.
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WeWork India reported its first profitable quarter in Q2 FY26 with a profit after tax of ₹6.4 crore, reversing last year’s loss of ₹31.5 crore. The coworking leader saw revenues jump 22% year-on-year to ₹574.7 crore, driven by robust demand, operational efficiency, and expanding margins across key flex office markets.
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India has officially joined the global top league, with its office space stock surpassing 1 billion sq. ft. and reaching a valuation of $186 billion, according to a new CII–Knight Frank India report. But with leasing activity booming and supply lagging, the next growth phase demands bold action and fresh inventory.
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EFC (I) Limited, known for its enterprise office spaces, is entering the retail leasing sector under the new vertical ‘EFC Retail Spaces’. With launches targeted for January 2026, the company is focusing on metro and tier-1 cities, including Mumbai, Delhi, Pune, and Bengaluru. EFC aims to cater to luxury boutiques, showrooms, and high-street retail, tapping into India’s evolving consumer landscape and attracting top retail brands and investors.
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Brawn Globus has completed the 39,500 sq. ft. Moody’s India office at Max Square, Noida, in a record 75 days. The project blends people-centric design with high-speed execution, reflecting global workplace standards. As a full-scope turnkey project, it reinforces Brawn Globus’s position as a trusted leader in India’s design and build space.
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Brookfield India REIT will acquire Ecoworld—a 7.7 msf Grade-A campus on Bengaluru’s Outer Ring Road—for ₹13,125 crore, marking India’s largest office transaction. The deal expands the operating area to 32.3 msf, lifts GAV to ₹53,600 Crore, and is expected to raise DPU by ~3%. Funding blends new debt and equity; GCC tenancy deepens.
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