India’s Flex Office Market Set for Record Growth
Real Estate

India’s Flex Office Market Set for Record Growth

myHQ by ANAROCK, India’s largest workspace discovery and flexible office solutions platform, has released its Flex Office Market in India 2025 Report, revealing that India is set to become the Asia-Pacific region’s largest flexible office market. The report highlights how flexible workspaces have become a mainstream component of India’s commercial real estate, capturing a growing share of national leasing activity.

“Flexible workspaces have evolved from a cost-optimisation tool to a strategic necessity,” said Utkarsh Kawatra, CEO and Co-Founder, myHQ by ANAROCK. “Average corporate deal sizes have risen sharply from 63,000 sq. ft. in 2024 as organisations prioritise speed, flexibility, and scalability. As India crosses the 100 million sq. ft. mark next year, we’re building the infrastructure for how modern India will work and grow.”


Key Highlights of the Report
1. Stock Distribution Across Major Cities

Bengaluru leads with 31% of India’s flex office stock, supported by strong demand from both enterprises and startups. Hyderabad, Pune, and Mumbai each account for 12%, with robust activity in prime corridors such as HITEC City, Baner, and BKC. The NCR region holds 26%, led by Gurugram at 10%, followed by Noida and Delhi at 8% each. Chennai represents 7%, with growth concentrated in the Guindy and Perungudi-OMR belts.

2. Corporate Adoption Nears Startup Levels

Flexible workspaces now comprise nearly 20% of India’s total commercial real estate leasing in 2025.

The IT/ITeS sector accounts for over 40% of flex demand, 15% higher than its share in traditional office leasing.

The BFSI sector has doubled its share from 4.5% in 2023 to 10% in 2025.

Average corporate deal sizes have more than doubled — from 25 seats in 2023 to 53 in 2025.
Corporates and MNCs now represent 36.3% of total flex workspace adoption, nearly equalling startups (37.5%), but contribute a greater share of total revenue due to larger ticket sizes and preference for Grade A assets.

3. Emerging Growth Engines

Enterprise clients are projected to drive over 54% of total flex demand in the next 2–3 years, supported by the rapid growth of Global Capability Centres (GCCs). The hub-and-spoke model is also fueling expansion into Tier-II cities, improving accessibility and supporting ESG goals.
Sectors such as Life Sciences, Manufacturing, and Logistics are showing early signs of flex adoption — even small shifts could unlock millions of square feet in new demand.

“The flex office sector has transitioned from alternative to essential,” Kawatra added. “With corporates, startups, and GCCs all accelerating adoption, India’s flex market is poised for sustained double-digit growth. Flex is redefining the future of work — driving efficiency, innovation, and inclusion.”

myHQ by ANAROCK, India’s largest workspace discovery and flexible office solutions platform, has released its Flex Office Market in India 2025 Report, revealing that India is set to become the Asia-Pacific region’s largest flexible office market. The report highlights how flexible workspaces have become a mainstream component of India’s commercial real estate, capturing a growing share of national leasing activity.“Flexible workspaces have evolved from a cost-optimisation tool to a strategic necessity,” said Utkarsh Kawatra, CEO and Co-Founder, myHQ by ANAROCK. “Average corporate deal sizes have risen sharply from 63,000 sq. ft. in 2024 as organisations prioritise speed, flexibility, and scalability. As India crosses the 100 million sq. ft. mark next year, we’re building the infrastructure for how modern India will work and grow.”Key Highlights of the Report1. Stock Distribution Across Major CitiesBengaluru leads with 31% of India’s flex office stock, supported by strong demand from both enterprises and startups. Hyderabad, Pune, and Mumbai each account for 12%, with robust activity in prime corridors such as HITEC City, Baner, and BKC. The NCR region holds 26%, led by Gurugram at 10%, followed by Noida and Delhi at 8% each. Chennai represents 7%, with growth concentrated in the Guindy and Perungudi-OMR belts.2. Corporate Adoption Nears Startup LevelsFlexible workspaces now comprise nearly 20% of India’s total commercial real estate leasing in 2025.The IT/ITeS sector accounts for over 40% of flex demand, 15% higher than its share in traditional office leasing.The BFSI sector has doubled its share from 4.5% in 2023 to 10% in 2025.Average corporate deal sizes have more than doubled — from 25 seats in 2023 to 53 in 2025.Corporates and MNCs now represent 36.3% of total flex workspace adoption, nearly equalling startups (37.5%), but contribute a greater share of total revenue due to larger ticket sizes and preference for Grade A assets.3. Emerging Growth EnginesEnterprise clients are projected to drive over 54% of total flex demand in the next 2–3 years, supported by the rapid growth of Global Capability Centres (GCCs). The hub-and-spoke model is also fueling expansion into Tier-II cities, improving accessibility and supporting ESG goals.Sectors such as Life Sciences, Manufacturing, and Logistics are showing early signs of flex adoption — even small shifts could unlock millions of square feet in new demand.“The flex office sector has transitioned from alternative to essential,” Kawatra added. “With corporates, startups, and GCCs all accelerating adoption, India’s flex market is poised for sustained double-digit growth. Flex is redefining the future of work — driving efficiency, innovation, and inclusion.”

Next Story
Infrastructure Transport

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

Next Story
Infrastructure Urban

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

Next Story
Infrastructure Urban

India Post, MoRD Tie Up to Boost Rural Inclusion

The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to accelerate rural transformation and expand financial, digital and logistics services for Self-Help Groups (SHGs) and rural households across India. The agreement was signed in the presence of Union Minister of Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Minister of Rural Development and Agriculture and Farmers’ Welfare Shivraj Singh Chouhan. The collaboration aligns with the government’s “Dak Sewa, Jan Sewa” vision and seeks to repositi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App