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

India’s flexible office sector is undergoing transformation, fueled by aggregator models that streamline workspace access and drive innovation through technology. These aggregators bring together diverse coworking spaces under one virtual roof, modernising how teams discover and utilise offices for hybrid work.
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Flexible workspaces have evolved from niche startup hubs to mainstream solutions for corporations and global enterprises, driven by the need for agility, cost-efficiency, and resilience. With recent economic and security challenges—like COVID-19 and regional tensions—businesses increasingly view long-term leases as liabilities and seek office models tailored to rapid change.
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IndiQube Spaces, based in Bengaluru, is quickly establishing itself as a prominent name in India’s flexible workspace industry. As of March 2025, the company manages 8.4 million square feet across 115 centres in 15 cities and serves more than 750 clients. Although it’s still losing money, its rapid growth and expansion plans have led to an IPO of ₹700 crore. The funds will help build new centres, pay off debts, and prepare for future growth.
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Ofis Square hosted Knight Frank India at its MG Road centre to explore strategic collaboration in the flexible office sector. The event highlighted the rising demand for agile workspaces driven by hybrid work models. It reinforced both companies’ commitment to innovating India’s commercial real estate landscape through partnership and shared vision.
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Flexible workspaces are rapidly becoming the preferred choice for Global Capability Centres (GCCs) in India. By offering scalable, cost-efficient, and hybrid-friendly environments, they empower GCCs to expand swiftly, engage top talent, and adapt to evolving global demands—all while optimizing operational efficiency and reducing real estate overheads.
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OFFIX has launched its first flagship luxury co-office space in Hyderabad’s Commerzone Raidurg. Blending global design with personalised service, the space offers premium amenities like executive suites, a gourmet café, and tech-enabled access. Backed by Symbyont Group, OFFIX plans rapid expansion across India and aims for a global launch in 2025.
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