Flexible Office Space Funding Soars

30 Sep 2024 CW Team

Since 2017, flexible office space operators in India have attracted USD 820 million in private equity (PE) funding, driven by growing demand from corporates, according to Knight Frank. The real estate consultant highlighted significant fluctuations in PE investments, beginning with a rise from USD 25 million in 2017 to USD 49 million in 2018, peaking at USD 113 million in 2019. Investors like CLSA Capital and Peak XV Partners played a key role during this period. However, the sector saw a sharp decline during the pandemic, with investments falling to USD 11 million in 2020 and USD 6 million in 2021.

The report pointed to a resurgence in 2022, when investments surged to USD 595 million, led by deals involving Hillhouse Capital and Actis. Despite this rebound, funding dropped to USD 13 million by 2023, with a single deal worth USD 8 million in 2024.

Knight Frank also reported that flexible office space operators leased an estimated 52.9 million square feet between 2017 and mid-2024, recording a compound annual growth rate (CAGR) of 22%. Chairman Shishir Baijal emphasized India's dynamic commercial real estate market, with demand for innovative, employee-centric workspaces growing as India maintains its position as the fastest-growing major economy.

Baijal also noted that flexible office operators are setting future trends by adopting environmental, social, and governance (ESG) principles and advanced technology.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..