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

India’s office market experienced robust activity in Q2 2025, with 17.8 million square feet leased across major cities. Bengaluru led the way with 4.8 million sq ft, followed by strong demand in Hyderabad, Mumbai, and Chennai. A steady supply and occupier confidence signal a strong outlook for the remainder of 2025.
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Bengaluru led India’s office leasing market in 2024 with 21.8 million sq. ft. of absorption, driven by GCCs, tech firms, and flexible space operators. Pan-India leasing hit 79 million sq. ft., with sustainability gaining traction—56% of leases in green-certified buildings. 2025 trends include GCC expansion, flexible spaces, and eco-friendly developments.
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S&P Global has expanded its India presence with a new 33,000 sq. ft office in Bengaluru, designed to enhance collaboration, innovation, and employee well-being. Featuring flexible workspaces, wellness amenities, and cultural elements, the office strengthens S&P Global’s India operations, supporting 15,000 employees across multiple cities in its continued growth.
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Simpliwork Offices has leased 1.5 lakh sq. ft. at Embassy Manyata Business Park, Bengaluru, for ₹100 crore, with an additional ₹40 crore investment in workspace development. The expansion strengthens its premium flex office portfolio, aligning with rising corporate demand. With ₹850-900 crore revenue projections, Simpliwork continues to dominate India’s flex workspace sector.
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Bengaluru’s real estate market will grow in 2025, driven by northern and eastern micro-markets, improved metro connectivity, and strong residential demand. Developers embrace vertical growth while challenges like e-khata delays and approval timelines persist. Key projects by Shriram Properties and others highlight the city’s rising real estate momentum.
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India’s office leasing hit 66.4 million sq ft in 2024, driven by Bengaluru’s 21.7 million sq ft absorption. Flex spaces surged with 12.5 million sq ft leased, accounting for 20% of demand. While Chennai and Delhi-NCR saw declines, tech, BFSI, and manufacturing sectors fueled overall growth.
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