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

Once known for its backwaters, Kochi is now India’s newest hub for flexible workspaces. With 17 million sq. ft. of office absorption, affordable rentals, and global connectivity, the city is attracting startups and enterprises alike. Areas like Kakkanad and Edappally are transforming into vibrant coworking and managed office clusters.
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Despite global uncertainty and IT sector layoffs, India’s office market experienced a 34% year-over-year surge in 2025, with 42 million sq. ft. of absorption across the top cities. Led by Bengaluru, Pune, and the Delhi-NCR region, demand for Grade A and flexible workspaces remains strong as GCCs, coworking operators, and BFSI firms drive leasing momentum.
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Incubex NestaVera, a Bengaluru-based flexible workspace provider, is investing ₹100 crore to expand its footprint over the next two years. The company plans to scale from 3 lakh sq ft to 1 million sq ft across Bengaluru, Hyderabad, Pune, and Mumbai, targeting a ₹100 crore topline and continued EBITDA-positive growth.
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The NCR office market is witnessing a rapid transformation driven by world-class connectivity, modern infrastructure, and sustainability-focused Grade A spaces. With Gurugram, Noida, and Greater Noida emerging as power hubs, corporates are prioritising transit accessibility, ESG alignment, and experience-driven design—making NCR a top rival to Bengaluru and Hyderabad in commercial real estate.
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Kerala Chief Minister Pinarayi Vijayan inaugurated ‘i by Infopark,’ a premium 48,000 sq. ft. coworking space at Ernakulam South Metro Station, creating 550 jobs. Designed as the state’s first neurodiversity-friendly workspace, it blends inclusive design, modern amenities, and top connectivity—marking a new milestone in Kerala’s evolving IT and coworking ecosystem.
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Smartworks has leased over 500 seats in Pune to Davies Shared Services, the Indian arm of UK-based Davies Group. The move enhances Smartworks’ enterprise-focused portfolio, now spanning 12 million sq ft across 14 cities. Following its successful IPO, the company continues to expand managed campuses for global corporates across India’s key business hubs.
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