Awfis Space Solutions is scaling up in tier-II cities as demand for shared offices surges post-pandemic, driven by ecommerce, IT services, and global capability centers.

ASK Property Fund and Sotheby’s Realty launch a ₹1,000 crore fund to invest in luxury real estate across Tier-I cities and holiday destinations.

The real estate sector in Tier-II Indian cities experienced remarkable growth between January and September 2024.

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 real estate loan fund raised over ₹700 crore for mid-income and affordable housing projects in tier-I and select tier-II locations by WSB Real Estate Partners. Newly created, fourth SEBI-registered Category-II Alternative Investment Fund (AIF) closes with ₹1,000 crore target capital.

Awfis, India’s largest flexible workspace solutions provider, is set to expand into new and existing markets, with a focus on strategic investments in smaller cities.

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.

Awfis, India's leading flexible workspace provider, opened its largest facility in Bhubaneswar, Orissa, to promote creativity and cooperation. The breadth of Awfis's network makes it the leader in flexible workplaces, and its expansion development and potential in Tier II cities of India.

Any effective deployment of a metro corridor has a direct effect on real estate, since it results in a rise in land value, a shift in land use, and an increase in corridor density.