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

Walmart Global Tech has leased 1.01 lakh sq ft of office space in North Bengaluru’s Devanahalli for five years, underscoring its commitment to India and in-office collaboration. The deal highlights growing enterprise interest in airport-linked business corridors and signals Devanahalli’s rise as a key GCC destination.
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IBM India has leased nearly 1.62 lakh sq. ft. at Embassy Golflinks Business Park in Bengaluru, signalling sustained demand for Grade A office spaces. The transaction highlights the city’s dominance in India’s commercial real estate market, driven by large-format corporate leasing and long-term occupier confidence.
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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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