Company demand for flexible workspaces will peak in 2024. In the first half of 2023, 106,554 seats have been rented, compared to 155,000 for the year. Leasing is growing rapidly due to economic development, changing work dynamics, and the necessity for cost management.

A senior official at Bhive Workspaces, a top provider of managed office spaces, has announced plans for an IPO valued over ₹800 crore in the coming year. Before the IPO, Bhive wants to diversify its portfolio by lowering its 95% reliance on Bengaluru.

L&T Realty and Valour Estate, formerly DB Realty, have partnered to create a ₹20,000-crore project on a 10-acre land block in Mumbai's Bandra Kurla Complex (BKC). The project will contain luxury apartments, commercial areas, and a 1,000-key five-star hotel near the Bombay High Court complex.

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According to a report by the Confederation of Indian Industry (CII) and Knight Frank, Global Capability Centres (GCCs), flexible and co-working spaces, and the IT sector will drive office space demand in India to 1.7 billion square feet by 2030.

Due to decarbonisation ambitions, more Indian enterprises are prioritising eco-friendly commercial real estate. Green office space demand is outpacing supply in India's key property markets, signalling a new age of corporate environmental conscience.

Bengaluru office leasing is changing. Multinational firms' tech and shared service divisions, Global Capability Centres (GCCs), are gaining ground in India's commercial real estate market. In 2023, GCCs leased the most space since the start of the decade, according to Colliers.

CapitaLand India Trust (CLINT), a major real estate investor, bought BlueRidge 3 Phase 1 in Pune's IT corridor. This purchase, worth INR 773 crore, in Hinjewadi, the IT centre, shows CLINT's dedication to creating innovative and growing commercial spaces.

Smartworks has proudly announced its newest jewel in the crown, RK Four Square, a state-of-the-art office space nestled in the dynamic Cyber City of Gurugram.

91Squarefeet, a dynamic commercial fit-out company recognized for its innovative approach and backed by prominent investors such as Y Combinator and Stellaris Venture Partners, has announced a bold vision for the future.

Commercial purchases in Bengaluru fell 14.3% to 12.5 million square feet in 2023. Knight Frank India ascribed this decline to US inflation and a slowing technology industry, which drives Bengaluru's office space demand.

Mumbai's office property market has set a new Indian lease rental record. The Toronto-Dominion (TD) Bank extended its India headquarters lease at Maker Maxity in the Bandra-Kurla Complex (BKC) for an astounding Rs 604 per sq ft per month.

Brigade Group, headquartered in Bangalore, secured a JDA to build a premium Grade A office space on Sankey Road in Bengaluru's CBD

Mahindra Lifespace Developers has made a significant move by acquiring 5.38 acres of prime land in the vibrant Wagholi neighborhood of Pune. This strategic acquisition promises a remarkable development potential of over 1.5 million square feet of saleable area.