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

Tesla India is ramping up its retail and service presence with a substantial lease at Worldmark 3, Delhi Aerocity. The deal marks a major step forward for Tesla’s strategy to attract Indian consumers and strengthen its urban footprint in the country.
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Mumbai and New Delhi rank 5th and 8th in CBRE’s 2025 APAC Investor Intentions Survey, highlighting India’s rising real estate appeal. Foreign investments hit $11.4 billion in 2024, with Singapore leading. Investors prioritise office spaces, data centres, and ESG projects, signalling strong growth in India’s commercial real estate sector.
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Delhi-NCR’s office market surged in 2024, with 9.4 million sq ft net absorption and record-breaking 17.7 million sq ft gross leasing. Driven by Global Capability Centres, flexible workspaces, and technology, it contributed 15.4% to India’s 49.56 million sq ft absorption. Vacancy rates hit a three-year low, showcasing robust demand nationwide.
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The Delhi-Meerut RRTS will transform key stations into vibrant commercial hubs with shopping, dining, and integrated parking facilities. Targeting six stations, the project invites developers to submit proposals by December 27. With 22 stations and reduced travel time to one hour, the 82-km corridor redefines transit-oriented development.
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Onward Workspaces partners with Lenskart to deliver a 14,000 sq. ft. managed office in Okhla Phase 3, Delhi. The bespoke space, accommodating 300 employees, reflects Lenskart’s brand identity. With ₹1,800 per sq. ft. investment, Onward advances its mission to provide premium, flexible workspaces, aligning with the growing demand for dynamic office solutions.
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Delhi NCR ranks India’s most expensive office market and 6th in Asia-Pacific, with rents at ₹340/sqft/month. Mumbai follows at 8th with ₹317/sqft, while Bengaluru ranks 18th as a cost-effective option. Knight Frank highlights stable rents, strong global demand, and record transaction volumes driving India’s thriving office market.
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