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

BHIVE Workspace, one of India’s leading premium coworking brands, has appointed Esha Ranjan, a veteran with over 20 years of international workspace project experience, as Chief Projects Officer. Her hiring strengthens BHIVE’s operational backbone ahead of its planned IPO in 2026. The move comes as investor interest in the flex-space sector surges, with Smartworks, Awfis, WeWork India, and Indiqube also preparing public listings.
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Flexible workspace operator The Executive Centre is planning to raise ₹2,600 crore through an IPO in India, joining peers like WeWork and Awfis. With a global footprint and 51,000 customers, the firm aims to strengthen its presence as India’s flex workspace sector is projected to grow at a 15% annual rate, reaching $9 billion by 2028.
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Flexible workspaces are reshaping India’s office market, driven by hybrid work trends, cost efficiency, and demand from enterprises and GCCs. Tier-I cities lead in adoption, while Tier-II cities emerge as growth hubs. With rising demand, tech integration, and agile models, flex spaces are becoming essential to modern business strategies.
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India’s coworking sector is set for a boom, with five IPOs expected to raise over Rs 7,000 crore in the next 18 months. Driven by hybrid work trends, rising demand, and expanding footprints, the flex space market is poised for significant growth, particularly in major cities like Bengaluru and Mumbai.
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India’s flexible office space market is shifting significantly, with Tier-II and III cities like Jaipur, Kochi, and Indore emerging as key growth hubs. Driven by rising metro costs and hybrid work trends, demand in these smaller cities is expected to grow 15–20% annually through FY2025.
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Flex spaces are transforming commercial real estate and are no longer a one-player game. Brokers, owners, and operators are teaming up to create agile, efficient workspaces. With businesses prioritizing flexibility, this trio redefines office leasing with smarter strategies, longer commitments, and shared goals for scalable, future-ready solutions.
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