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

WeWork India has launched a 90,000 sq ft coworking centre in Gurugram with over 1,200 desks at Atrium Place, Udyog Vihar. The expansion, leased from DLF, strengthens its NCR presence amid strong demand for flex space. Flex operators leased 13 million sq ft in 2025, accounting for 18% of total office leasing.
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IBM India has leased 2.3 lakh sq ft at Intellion Park, Gurugram, for 10 years with a total rent outlay of ₹180 crore. The deal covers floors 7–12 of Tower 4, includes 307 parking slots, and signals rising demand for large, long-term Grade A office commitments in NCR.
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Eternal Ltd, parent company of Zomato, has leased 2.78 lakh sq ft of Grade-A office space at Intellion Park, Gurugram, at a monthly rent of ₹2.33 crore. The long-term deal highlights strong confidence in NCR’s office market and Gurugram’s growing appeal for large tech occupiers.
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Gurugram recorded ₹86,588 crore in real estate investments across 131 RERA-approved projects in 2025, according to Gurugram RERA. The growth spans residential, commercial, and mixed-use developments, led by premium projects, while mid-segment and affordable housing gained traction, strengthening investor and buyer confidence in the market.
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A significant commercial real estate transaction in Gurugram’s office sector has highlighted evolving trends in India’s workspace market. A 1.9 million sq ft technology-driven business park has changed ownership in a Rs 2,050 crore deal, signaling confidence in well-leased, transit-connected properties despite hybrid work dynamics.
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NCR’s commercial real estate market entered a consolidation phase in 2025, led by Gurugram’s strong performance. Record office leasing driven by GCCs, IT firms, and flexible workspace operators, combined with tightening Grade-A retail vacancies, reinforced the city’s position as NCR’s most resilient, scalable, and future-ready commercial real estate hub.
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