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Smartworks Gears Up for IPO Despite Widening Losses, Revenue Jumps in FY25 0
- Industry News
- July 14, 2025
Ahead of its ₹582 crore IPO, Smartworks Coworking Spaces reported a 21% rise in net loss to ₹63.17 crore for FY25. However, revenue surged to ₹1,374 crore, reflecting robust demand. The IPO opens July 10, with proceeds earmarked for expansion, debt repayment, and new fit-outs across India.
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Why India’s Office Future Belongs to Micro-Markets, Not CBDs 0
- Industry News
- July 11, 2025
India’s commercial real estate is undergoing a decisive shift from traditional CBDs to high-growth micro-markets. Driven by talent access, infrastructure upgrades, and the flexibility of coworking spaces, these hubs are now powering over 80% of new office demand. Flex operators are enabling agile expansion, making distributed workspaces the new industry norm.
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Westermo Unveils Bengaluru Office, Fusing Swedish Design with Indian Heritage 0
- Industry News
- July 11, 2025
Westermo has launched its first office in India, located in Bengaluru, designed by Space Matrix to foster innovation, collaboration, and a strong team culture. The 10,000 sq. ft. workspace blends Swedish minimalism with Indian craftsmanship, aligning with Westermo’s growth in India’s transport, water, and energy sectors. The design reflects strategic intent and employee well-being.
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Bengaluru Leads India’s Office Leasing Surge as Net Absorption Hits 27 Mn Sq Ft 0

India’s top 7 cities experienced a 40% increase in net office leasing in H1 2025, totalling 26.8 million sq ft. Bengaluru led the pack with the highest leasing and new office supply. While most cities showed strong growth, Hyderabad’s vacancy rate rose, and Kolkata was the only city to witness a decline.

India’s GCC Boom Shifts to Larger Leases as Office Demand Soars 0

India’s Global Capability Centre (GCC) leasing grew 24% in FY25, reaching 31.8 million sq ft across top cities. While total lease deals declined, large transactions surged by 44%, indicating a shift toward larger office spaces. Government support and Fortune 500 expansion continue to reinforce India’s dominance in the global GCC landscape.

Office Leasing Set to Hit Record High in 2025, Cushman & Wakefield Predicts Surge Past 90 Mn Sq Ft 0

India’s office market is poised to hit a record-breaking 90+ million sq ft in gross leasing this year, says Cushman & Wakefield. The surge is fueled by GCC expansions, robust demand from the tech and BFSI sectors, and strong domestic momentum, despite dips in some key cities, such as Bengaluru and Mumbai.

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