In FY23, the demand for coworking spaces surpassed all previous records, with India's IT hubs leading the pack. Latest real estate data shows that leasing of "flex-seats" has increased by 20%, with the biggest activity occurring in Bengaluru, Hyderabad, and Pune.

IT services company Persistent Systems has rented almost 2000 seats from Smartworks, a supplier of flexible office spaces as per news from the Indian co-working sector.

Managed office provider DevX has launched a 30,000-square-feet co-working space in Andheri East, Mumbai

On December 5, 2022, 315Work Avenue, a leading new-generation supplier, leased 400 desks to Jupiter, a leading digital banking platform, in Bangalore.

315Work Avenue, one of the fastest-growing and premier coworking space providers, has secured a contract with TeamLease, one of India's biggest human resource companies, for 1,400 seats over 70,000 square feet.