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

According to Colliers, India’s office real estate market recorded 17.8 million sq ft of gross leasing in Q2 2025, marking an 11% YoY growth. Bengaluru led the surge with a 27% share, while flex space operators drove record demand. Total annual demand may hit 70 million sq ft by year-end.
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Tata Consultancy Services (TCS) is investing over ₹4,500 crore to expand its physical footprint across India. The move includes significant real estate acquisitions and leasing in cities like Bengaluru, Hyderabad, Kochi, and Visakhapatnam, reflecting a long-term strategy to scale operations, embrace hybrid work, and tap into India’s growing tech talent.
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Kochi is set to make a grand leap in the IT landscape with the Lulu IT Twin Towers launching on June 28. Built at ₹1,500 crore in SmartCity, Kakkanad, the 152-meter-high towers offer 35 lakh sq ft of premium workspace, world-class amenities, and the world’s most extensive robotic parking system.
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Hyderabad’s HITEC City, a magnet for global capability centres (GCCs), has hit a leasing saturation point. With no Grade A office space available until late 2026, industry insiders reveal that major companies like Heineken are being pushed to explore nearby locations like the Financial District and Gachibowli.
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Managed office provider Incuspaze has fully acquired coworking brand TRIOS in a cash-and-stock deal to strengthen its presence in Pune. Meanwhile, Zerodha founders Nikhil and Nithin Kamath invested ₹250 crore in InCred Holdings, highlighting growing confidence in India’s tech-led, scalable financial services.
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India’s coworking industry is undergoing a significant shift. What began as a startup trend has now transformed into a mainstream movement. With hybrid models, tech integration, and people-centric design, flexible workspaces redefine how businesses work, scale, and grow. Experts predict continued growth, especially among large enterprises seeking agility.
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