Flex Spaces Set for 18% Growth as GCC Demand Powers India’s Next Office Boom: Crisil
- Industry News
- May 7, 2026

India’s flexible workspace market is projected to grow 16–18% to 140–145 million sq ft, driven by GCCs, corporates, and startups. With rising occupancy, stable profitability, and strong pre-leasing activity, flex operators are becoming a key driver of office demand despite global and technology-related risks.
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India’s real estate sector recorded $30.7 billion in equity inflows between 2024 and Q1 2026, alongside $146 billion in debt financing. Driven by REIT growth, strong occupier demand, and institutional participation, the sector is poised for sustained investment momentum despite global volatility and rising land costs.
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India hosts 53% of global GCCs, employs 1.9 million professionals, and sees 85% of professionals reporting a positive workplace experience. As GCCs evolve into strategic hubs and account for up to 40% of office demand, challenges around pay, leadership, and job security underscore the growing importance of workplace culture and employee engagement.
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Concentrix Daksh has leased 1.6 lakh sq ft of office space in Gurugram at a monthly rent of ₹1.53 crore for five years. The deal highlights continued demand for large office spaces despite automation trends, with Gurugram emerging as a key hub for enterprise leasing and flexible workspace growth.
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