Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
India's co-working office supply to grow 21-22% CAGR from FY25-27, says ICRA
The Business Guardian
|May 08, 2025
India's co-working or flexible office or supply will increase at a significant Compound annual growth rate (CAGR) of 21-22 per cent during Financial Year (FY) 2025 FY27 and reach 125 million square feet (msf) by March 2027 for the top six cities, according to a report by ICRA.
-
Cities such as Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR) and Pune will witness this significant growth, added the report.
The report added that the sector will surpass Rs 600 billion in value by March 2027.
This segment, which has seen one successful initial public offer (IPO) in 2024, is set to witness five major IPOs in the next 12-18 months, which are projected to raise over Rs. 7,000 crore, added the report.
Giving more insight, Anupama Reddy, Vice President and Co-Group Head, Corporate Ratings, ICRA, said, "The flex office supply for top six cities has more than doubled to over 67 msfas of March 2024 from 32 msf as of March 2020."
This story is from the May 08, 2025 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
Miranda House unveils digital museum honouring women Constitution makers
Marking Samvidhan Divas, Delhi University’s Miranda House unveiled a digital and interactive museum dedicated to the 15 women members of the Constituent Assembly who played a vital role in shaping the Indian Constitution.
1 min
November 27, 2025
The Business Guardian
UIDAI begins clean-up, disables 2 crore Aadhaar IDs of deceased persons
The Unique Identification Authority of India (UIDAI) has deactivated more than two crore Aadhaar numbers belonging to deceased individuals, marking one of the largest cleanup exercises of the national identity database.
1 min
November 27, 2025
The Business Guardian
Safran vows to raise sourcing from India by five times
Safran CEO Olivier Andriès also vowed that it will triple its revenue in India to exceed 3 billion euros by 2030, of which half will be generated by its sites in India.
2 mins
November 27, 2025
The Business Guardian
Delhi crowd pays tribute to Guru Tegh Bahadur after blast
Delhi Home Minister Ashish Sood on Wednesday said that the gathering of lakhs of people at the Red Fort to commemorate the 350th martyrdom anniversary of Guru Tegh Bahadur — the same site where a bomb blast took place recently — reflected the capital's collective spirit and served as a powerful response to terrorists.
1 min
November 27, 2025
The Business Guardian
Will always be remembered as historical festival: CM
Delhi Chief Minister Rekha Gupta described the programme commemorating the 350th martyrdom anniversary of Sri Guru Tegh Bahadur Ji as a “historical festival” for the city, praising the massive participation of devotees from across the country.
1 min
November 27, 2025
The Business Guardian
SAFRAN MRO IN HYDERABAD TO ATTRACT MORE GLOBAL INVESTORS
The MRO facility will be a huge step towards the goal of Aatmanirbharta in the aviation sector. Developing indigenous capabilities in MRO will reduce foreign exchange outflows
2 mins
November 27, 2025
The Business Guardian
Safran MRO facility in Hyderabad will act as gateway for more global players: Aviation Minister
French defence and aviation major Safran's just-inaugurated MRO facility in Hyderabad could be a step-up towards India's ambition to become an aviation hub.
1 mins
November 27, 2025
The Business Guardian
Rapido eyes IPO after racing ahead of Uber
Rapido, which is focused on the mass market and deeper penetration rather than premium customers, will think of a public listing when it has captured 70-75% of the ride-hailing market, the company’s chief financial officer Vivek Krishna has said in an interaction with The New Indian Express.
1 min
November 27, 2025
The Business Guardian
Kharif food grain production estimated at 173.33 million tonnes for 2025-26: Shivraj Singh Chouhan
Union Agriculture Minister Shivraj Singh Chouhan on Tuesday released the first advanced estimates of production of main Kharif crops, according to.
1 mins
November 27, 2025
The Business Guardian
SENSEX UP 1,000 POINTS AMID GLOBAL CUES, STRONG FUNDAMENTALS
All sectoral indices soared today, with metal, consumer durables, oil and gas leading the pack, NSE data showed.
2 mins
November 27, 2025
Listen
Translate
Change font size