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

IBM India has leased nearly 1.62 lakh sq. ft. at Embassy Golflinks Business Park in Bengaluru, signalling sustained demand for Grade A office spaces. The transaction highlights the city’s dominance in India’s commercial real estate market, driven by large-format corporate leasing and long-term occupier confidence.
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Indian corporates are moving a share of their portfolios into flexible, serviced offices. Flex delivers agility, cost visibility, faster go-live timelines, and better access to talent across micromarkets, while strengthening portfolio resilience. With institutional capital backing major operators, flex has matured from a pandemic trial to a strategic CRE lever.
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ICRA projects net office absorption across Bengaluru, Chennai, Delhi-NCR, Hyderabad, MMR and Pune to touch a record 69–70 million sq. ft. in FY26, up from 66 million sq. ft. last year. Backed by GCCs, BFSI and flexible space operators, vacancies are expected to ease to 12.5–13%, signalling a deeper, more broad-based demand cycle.
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A new Interio by Godrej study of 350 Indian employees reveals 89% want offices to feel as warm and comfortable as home. The whitepaper maps hybrid work patterns, defines three essential space types, and urges companies to redesign noisy, outdated offices into adaptive, wellness-focused, tech-enabled ecosystems for collaboration and community.
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NCC Ltd has acquired an office at Kanakia Wallstreet, Andheri, for ₹ 18.5 crore, spanning 3,318 sq. ft. of carpet area and featuring three parking bays. Brokered by Volney, the deal follows high-profile purchases by Starlink and Saif Ali Khan, underscoring sustained demand for premium Mumbai offices and confidence in the city’s commercial growth story.
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Playback singer Kailash Kher has “purchased commercial office space in Mumbai’s Bandra Kurla Complex (BKC) for ₹10.5 crore” in the Trade Centre building, one of India’s priciest commercial districts. The 2,619 sq ft office, which includes parking, was bought from N&T Family Private Trust, underscoring a wider trend of celebrities investing in Mumbai’s top-grade real estate.
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