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

The coworking sector anticipates Union Budget 2025 reforms to fuel expansion, including lower GST rates, input tax credit adjustments, and reduced stamp duties. Key demands include institutional finance access, infrastructure development, and startup tax incentives. These measures could accelerate growth, enhance affordability, and reshape India’s modern workspaces.
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Awfis, valued at ₹5,000 crores, has revolutionised the coworking space sector with fully managed office solutions. Despite challenges during COVID-19, it remains a key player in India’s flexible workspace market. As demand for coworking spaces grows, Awfis’s potential for expansion could see its valuation double to ₹10,000 crores.
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Table Space appoints cofounders Karan Chopra and Kunal Mehra as co-CEOs, with Chopra as chairman and Mehra as president. The enterprise workspace leader serves 150+ clients, including Dell and EY. Amid surging demand for flexible office spaces post-pandemic, Table Space aims to strengthen its market position and drive innovation.
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MySoho redefines coworking with its asset-light model, focusing on Tier 2 and 3 cities like Jaipur and Lucknow. Partnering with property owners offers premium, flexible spaces without heavy real estate investments. This approach fosters rapid scaling, economic growth, and talent retention while reshaping India’s real estate landscape.
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India’s coworking sector hit a record high in 2024, leasing 125 lakh sq ft of office space—44% more than in 2023. Driven by demand for flexibility and cost-efficiency, major cities like Bengaluru and Mumbai lead growth. Experts predict further expansion, with flex spaces becoming strategic assets for businesses adopting hybrid work models.
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Hyderabad is expanding its coworking footprint, with IT Minister Sridhar Babu highlighting the city’s affordable, high-quality spaces. The launch of WeWork in central Hyderabad marks a shift from IT hubs in the West, fostering growth for startups and SMEs. The plan is to develop coworking hubs near the ORR to decentralise business opportunities.
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