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

iKeva has rolled out its Virtual Office Solutions and On-Demand Workspaces across Hyderabad’s leading business districts, giving entrepreneurs, startups, and corporates flexible, cost-efficient ways to establish a premium presence without long-term commitments. The launch targets India’s growing hybrid and remote work culture with tailored services for modern professionals.
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K Raheja Corp has leased approximately 4.5 lakh sq ft of premium office space in Hyderabad’s HITEC City, a move signalling steady demand and reaffirming the city’s position as a key commercial hub. The lease underscores continued corporate interest from sectors like IT, fintech, and GCCs.
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Hyderabad posted 2.62 million sq ft in leasing, doubling YoY. Net absorption hit 1.82 million sq ft, led by Healthcare, BFSI, and IT. Madhapur saw the most activity and rent growth. Vacancy held at 23.1%. A large pipeline and Metro expansion support long-term growth, especially in core micro-markets.
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BuzzWorks, the flexible workspace arm of Brigade Group, has signed a 24,000 sq ft lease with Infor India at Auro Orbit, HITEC City, Hyderabad. Designed with an “Urban Forest” theme, the centre supports BuzzWorks’ push to scale to 1 million sq ft and 1 lakh seats across India by 2030.
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Hyderabad’s HITEC City, a magnet for global capability centres (GCCs), has hit a leasing saturation point. With no Grade A office space available until late 2026, industry insiders reveal that major companies like Heineken are being pushed to explore nearby locations like the Financial District and Gachibowli.
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India’s commercial office rental market is booming, with Mumbai leading a 28% rise and Hyderabad close behind at 24.1%. Driven by Global Capability Centres, BFSI, and tech firms, prime metros show strong demand for Grade A spaces. Investor confidence remains high as India redefines the future of work.
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