Bullish for Real Estate: Onward Workspaces Leases to Accenture, Boosts Office REITs

Onward Workspaces has successfully leased a significant 1.65 lakh square feet of office space to Accenture in Noida, effective March 1, 2026. This deal, accommodating 1,460 desks, underscores the growing corporate demand for flexible and modern workspaces in key Indian IT hubs.

This transaction is a strong indicator of the health and growth trajectory of India's commercial real estate sector, particularly in the office segment. Large-scale leases by global IT consulting firms like Accenture signal confidence in India's economic growth and continued expansion of the IT services industry, translating into sustained demand for quality office infrastructure.

The news is positive for commercial real estate developers like DLF and Prestige Estates, who have significant office portfolios. It also bodes well for office-focused REITs such as Mindspace Business Parks REIT (MINDSPACE) and Embassy Office Parks REIT (EMBASSY), as strong leasing activity directly impacts their rental income and asset valuations. The IT services sector, while not directly impacted by this specific lease, benefits from the underlying growth it represents.

Traders should monitor upcoming quarterly results from major real estate developers and REITs for further commentary on leasing trends and occupancy rates. Watch for announcements of new project launches or expansions in key commercial hubs like Noida, Bengaluru, and Hyderabad. Any shifts in corporate return-to-office policies or economic growth forecasts could also influence future demand.

• •Onward Workspaces leased 1.65 lakh sq ft to Accenture.
• •The lease is effective March 1, 2026, at Ace Capitol centre in Sector 132, Noida.
• •The space will accommodate 1,460 desks.
• •The deal indicates increasing need for flexible workspaces in Noida.