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

Parle Products is set to redevelop its historic Vile Parle factory site into a large commercial complex after receiving partial environmental clearance. The ₹3,961-crore project will replace ageing industrial structures with modern office and retail buildings, marking a major shift in land use at one of Mumbai’s most iconic manufacturing locations.
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L&T Realty has acquired a 1.34-acre land parcel in Mumbai’s Elphinstone Road for ₹448.6 crore to develop a premium Grade A office project. Located near Lower Parel, the development will feature modern amenities and target top corporates, highlighting sustained confidence in India’s commercial office and flex-ready workspace market.
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JPMorgan Chase has announced plans to develop Asia’s largest Global Capability Centre in Powai, Mumbai. Spanning 2 million sq ft and housing 30,000 employees, the project highlights India’s growing importance in BFSI operations, talent-led growth, and the evolution of Mumbai as a major GCC and office space destination.
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Cushman & Wakefield reports Mumbai clocked USD 1.2B in institutional inflows in 9M 2025, its fourth straight USD 1B+ year. India is on track for USD 6–6.5B in 2025, with domestic investors at 48% of YTD capital. Office leads allocations, while infra upgrades and diversified capital deepen Mumbai’s gateway-market appeal.
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The Maharashtra state government has signed memorandums of understanding (MoUs) with 10 companies to attract investments totalling ₹42,892 crore, focusing mainly on solar and green energy, data centres, and related infrastructure. This investment drive is part of the state’s efforts to boost industrial growth, generate employment, and strengthen sectors of strategic importance.
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India’s office leasing market recorded a strong 24% growth in the first half of 2025, driven predominantly by demand in Mumbai, Pune, and the National Capital Region (NCR). The total leasing volume reached a record 48.9 million square feet across eight major cities, marking the highest ever for a six-month period.
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