India Modern Office Market size is projected to grow at a CAGR of 10.4% during 2023-2029F

In terms of region, Southern region attained the largest revenue share in India Modern Offices Market – 6Wresearch

In 2022, the Southern region accomplished major revenue propelled by confluence factors such as cities like Bangalore, Hyderabad & Chennai serving as key economic hubs accounting for 55% of grade ‘A’ offices in the country with 64% accounts in service sectors such as IT and consulting industry experienced a surge in demand for modern office spaces. Further, the region's vibrant startup ecosystem, coupled with the presence of a skilled workforce stimulates the need for modern workplaces as the demand for flexible workspace has grown immensely after the COVID-19 pandemic.

According to 6wresearch, India Modern Office Market size is projected to grow at a CAGR of 10.4% during 2023-2029F. The market is moving at a healthy pace and market volumes of all product types are expanding rapidly. Along with international players like Framery and HNI, many local players like Amardeep and Furdexo are also participating in the market. These developments in the competitive landscape and levelling up of the distribution network would play a key role in optimising the upfront costs of these products, which would further propel the demand for office pods in the country.

The major growth drivers would be Bengaluru, Mumbai and Delhi NCR (National Capital Region) due to their vast service sector coupled with the rapidly growing startup ecosystem in these regions. Hence, the growing startup culture coupled with the expanding office sector in tier-1 cities positions India as a lucrative destination for the office pods market.

According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, Bengaluru has emerged as a powerhouse in the Indian modern office market, primarily owing to its robust ecosystem that caters to the burgeoning IT and technology industries. The city hosts a multitude of multinational corporations, start-ups, and established tech giants. Further, its strategic geographical location and well-developed infrastructure have fueled its attractiveness for businesses.

The India Modern Office Market (2024-2030) report provides an in-depth analysis with 30 figures and 7 tables, covering 124 pages. The report comprehensively covers the market by product type, region and cities. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.