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

Ajay Devgn has leased a 2,545 sq. ft. office in Andheri West, Mumbai, to Bombay Design Centre for five years, starting May 2025. The rent begins at ₹5.47 lakh per month, rising later, with yields between 6.5% and 7.5%, highlighting continued investor interest in Mumbai’s premium office market.
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Accuspace is investing ₹700 crore to expand premium office, warehousing, and logistics infrastructure across India by FY26. With a focus on Tier-1 to Tier-3 cities, the Jaipur-based firm aims to deliver 20 million sq. ft. by 2030, targeting rising demand for flexible, high-quality commercial real estate nationwide.
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India’s commercial real estate market is set to grow fivefold by 2033, fueled by flexible work trends, green building demand, and strong investor interest. Key cities and emerging tier-2 hubs are driving growth, while sectors like co-working, logistics, and retail evolve to meet new workplace, sustainability, and consumer expectations.
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Alt.f coworking has launched its first center outside Delhi NCR in Hyderabad’s Nanakramguda Financial District, marking the start of its national expansion. Offering affordable, design-led workspaces for startups, the brand plans three more centers by 2025. Featured on Shark Tank India, alt.f champions a founder-first, self-operated coworking model.
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India’s office space market surged in Q1 2025 with a 34% year-on-year rise in absorption across top cities, led by Bengaluru and Mumbai. Despite slower new supply, demand from GCCs and flexible workspaces remains strong. Vestian predicts continued growth driven by IT, BFSI, and coworking space expansion.
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Bihar’s Urban Development Department has approved the construction of permanent office buildings for 15 municipal bodies, including older councils lacking dedicated spaces. This move aims to streamline urban governance. Municipalities must provide land and approvals, with costs estimated at ₹2.49 crore for councils and ₹4.98 crore for nagar panchayats.
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