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

The UK’s University of York has leased 37,602 sq. ft. at Powai’s One Boulevard for nearly ₹50 crore over five years. The lease includes 27 parking spaces, a 3-year lock-in, and a 5% annual rent escalation. This deal underscores robust demand from international tenants amid Mumbai’s 13% growth in office leasing in 2025.
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House of Hiranandani has launched its first coworking pilot with a 160-seat flexible office centre at Hiranandani Gardens, Powai. The Mumbai-based developer plans to scale the model across its portfolio, tapping into India’s rapidly growing flex office market, which is projected to cross 100 million sq. ft. by 2027.
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