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

Flexible workspaces now account for more than 20% of new office leasing in India, according to WeWork India CEO Karan Virwani. Companies are also doubling investments in office interiors to improve employee experience, attract talent, and support hybrid work models, signalling a broader transformation in workplace strategy across India Inc.
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A joint report by CBRE India and FICCI reveals that nearly 65% of Indian firms plan to adopt flexible workspaces by 2027. This shift is being driven by strong enterprise demand, rapid supply expansion across key cities, positioning flex offices as a core pillar of India’s evolving office market strategy.
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The Executive Centre (TEC) India has launched an AI-driven digital transformation strategy focused on automation, data intelligence, and enterprise AI integration. With tools like ECHO and advanced analytics, TEC aims to enhance productivity, optimise operations, and improve decision-making, positioning itself as a leader in tech-enabled commercial real estate solutions.
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India’s office real estate market is undergoing a structural shift as managed and flexible workspaces move into the mainstream. Smartworks’ Harsh Binani highlights rapid supply growth, rising enterprise adoption, strong occupancies, and long-term contracts, positioning flexible offices as a core pillar of India’s evolving commercial real estate ecosystem.
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Kotak Institutional Equities has initiated coverage on Smartworks with a Buy rating and a fair value of ₹600, citing strong scale, visibility of expansion, and margin upside. The brokerage views Smartworks as a commercial real estate platform benefiting from hybrid work trends and rising enterprise demand for flexible offices.
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Table Space Technologies Private Limited, a leading flexible workspace solutions provider in India, has signed a landmark lease for 5,34,532 sq. ft. of office space at Intellion Park in Sector 59, Gurugram. The agreement, valued at ₹3.47 crore per month at ₹65 per sq. ft., marks a significant expansion of Table Space’s footprint and underscores growing demand for flexible and enterprise-managed workspaces in the region.
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