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

Knight Frank’s Asia-Pacific Outlook 2026 positions India as the region’s most resilient office real estate market. Strong leasing activity, expanding global capability centres, rising rentals in key cities, and growing demand for sustainable, high-quality workspaces are driving India’s leadership despite global economic uncertainty.
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The Kolkata real estate market showed strong resilience and steady growth in Q3 2025, with property prices rising 8% year-on-year. The residential segment was driven by sustained end-user demand and preference for quality developments, while the office space segment saw growing rental values amid tight supply and stable demand.
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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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According to Knight Frank, Pune has emerged as India’s second-largest coworking hub, with 123 office space collaborations since 2018. The city’s appeal lies in flexible, cost-effective workspaces, attracting businesses of all sizes. As demand rises, Pune’s coworking landscape reshapes office trends nationwide, second only to Bangalore.
READ MOREAccording to Knight Frank, Nariman Point, Mumbai’s iconic commercial hub, is expected to double office rents by 2030, rising from Rs 569 to Rs 1,091 per sq ft. The area’s resurgence is driven by infrastructure upgrades, growing demand for premium office space, and strong investor interest.
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Flexible office spaces in India have exceeded 80% occupancy, with cities like Mumbai and NCR leading the way. Cost benefits, ESG compliance, and expansion into Tier 2 cities drive growth. Flex spaces offer affordability, adaptability, and sustainability, making them a strategic choice for startups and large corporations.
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