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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..