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

The Executive Centre has leased 2 lakh sq ft at Avance Business Hub in Hyderabad’s HITEC City for a premium flexible workspace centre. The five-year deal reflects rising enterprise demand, strong IT corridor growth, and continued investment in serviced offices, with expansion plans targeting scalable workspace solutions across India’s major technology markets.
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SpazeOne is expanding nearly 1 lakh sq ft of flexible office space across three locations in Kochi, adding around 1,700 seats. The expansion reflects growing demand for managed workspaces from startups and enterprises. With strong IT growth and infrastructure improvements, Kochi is emerging as a leading Tier II flexible office market.
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Spring House Workspaces has launched a 60,000 sq ft coworking centre with 1,200 desks in Noida’s Sector 62, taking its Delhi-NCR portfolio to 25 centres and nearly 10 lakh sq ft. The expansion targets enterprises and startups amid rising demand for flexible managed offices and growing GCC activity.
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Exospace is strengthening its presence across Eastern India with new centres in Kolkata, Guwahati, and Patna, scaling past 1,000 seats. With enterprise-focused, fully managed workspaces and near-full occupancy, the operator is preparing to expand into major Tier 1 and Tier 2 cities.
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India’s flexible workspace market is projected to grow nearly threefold to USD 9–10 billion by 2028, driven by the rapid expansion of Global Capability Centers. A new Smartworks–UnearthIQ report highlights a major shift toward asset-light office models, with flex spaces emerging as the fastest-growing segment in commercial real estate.
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Indian corporates are moving a share of their portfolios into flexible, serviced offices. Flex delivers agility, cost visibility, faster go-live timelines, and better access to talent across micromarkets, while strengthening portfolio resilience. With institutional capital backing major operators, flex has matured from a pandemic trial to a strategic CRE lever.
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