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

Bengaluru is set to add nearly 25 million sq. ft. of new office space in H2 FY27, according to ICRA. Despite heavy supply, strong GCC-led absorption is expected to push occupancy above 92% by FY27, reinforcing the city’s position as India’s most resilient and high-growth office market.
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Skootr Offices has appointed Sushmita Sinha as Vice President of Sales for Bangalore, strengthening its leadership team amid growing demand for flexible workspace solutions. With experience spanning real estate, research, and corporate strategy, she will lead client engagement, expand leasing operations, and support Skootr’s accelerated growth in India’s dynamic commercial real estate market.
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Embassy Office Parks REIT is acquiring a 0.3 million sq ft Grade-A office block in Bengaluru’s Embassy GolfLinks Business Park for ₹852 crore. Fully leased to a top global investment firm, the asset delivers a 7.9% yield, above the REIT’s trading cap rate and accretive to distributions for unit holders.
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Puravankara has signed an “Agreement to Lease (ATL)” with IKEA India for “more than 1.2 lakh square feet of leasable area” across two floors at Purva Zentech Park on “Kanakapura Road, Bengaluru.” The 9.6 lakh sq ft mixed-use commercial project, scheduled for completion by early 2026, strengthens Puravankara’s pan-India commercial portfolio.
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Bengaluru’s offices are embracing plant rentals as a smarter, cost-effective solution to keep workspaces green. Offering regular upkeep, replacements, and decor alignment, plant rental firms are seeing rising demand from corporations and restaurants. As awareness of well-being and aesthetics grows, plant rentals are becoming integral to modern office design.
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Bengaluru continues to dominate India’s flexible office space landscape, holding the largest share of 31% in the country’s rapidly growing flex workspace ecosystem. The city’s strong presence of global corporates, Global Capability Centres (GCCs), and startups contributes to a deep and mature flexible office market.
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