ArcelorMittal Leases 1 Lakh Sq. Ft. in Pune to Set Up Global Capability Centre
- Industry News
- December 16, 2025

Global steel major ArcelorMittal has leased around 1 lakh sq. ft. of office space in Pune’s Hinjawadi at a monthly rent of about Rs 63 lakh. The move signals continued GCC-led office demand in Pune, reinforcing the city’s role as a key hub for manufacturing and engineering-focused global capability centres.
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India’s real estate sector is set for steady growth in 2026, driven by institutional investment, strong occupier demand, and innovation-led development, says Colliers India. GCCs, flexible workspaces, REIT expansion, and ESG-focused assets will anchor office demand, while housing, logistics, and alternative assets maintain momentum across cities.
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Brookfield plans to invest over $1 billion to develop Asia’s largest Global Capability Centre in Mumbai’s Powai. The project, expected to be completed by 2029, reinforces India’s position as a global GCC hub and highlights how large-scale GCC investments are driving sustained demand for office real estate.
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India’s Global Capability Centres are poised to add nearly 180 million sq. ft. of office space by 2030, according to Savills India. Driven by high-value sectors, deep tech talent, and innovation-led mandates, GCCs are evolving into strategic growth engines, ensuring strong long-term demand for offices.
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Global demand for flexible workspace grew 24% in H1 2025, driven by hybrid adoption and enterprise expansion. APAC saw exceptional momentum, with Nagpur and Gurugram recording the strongest rise in workspace requirements. Higher yields, improved employee wellbeing, and scalable corporate demand are now redefining the flex market across the region.

Hebbal, once a quiet suburb, is rapidly transforming into one of Bangalore’s premier business districts for startups, corporates, and SMEs seeking modern coworking and managed office spaces. A combination of strategic connectivity, investor interest, and high-quality amenities is driving this shift, making Hebbal a compelling choice for growth-focused enterprises and professionals.

Flexible workspaces have evolved from niche startup hubs to mainstream solutions for corporations and global enterprises, driven by the need for agility, cost-efficiency, and resilience. With recent economic and security challenges—like COVID-19 and regional tensions—businesses increasingly view long-term leases as liabilities and seek office models tailored to rapid change.

Gurgaon and Noida represent two distinct visions of modern workspaces in Delhi-NCR. While Gurgaon caters to premium corporate needs and global brands, Noida offers value-driven, scalable solutions for startups and tech firms. This article explores their evolving office space trends, driven by hybrid work and GCC-led demand shifts.













This article explores how CSR in India is shifting from cheque-writing to community-building, using MyBranch flexspaces as engines of impact. It highlights local hiring, women-led centres, skilling initiatives, and tech-enabled inclusion—showing how purpose and profit can grow together when workspaces become catalysts for neighbourhood transformation.

This edition of Perspectives by Q brings JustCo’s Michael Sim and Qdesq’s Paras Arora together to discuss India’s flex evolution. From Delhi-NCR’s market readiness to enterprise-focused solutions, the dialogue highlights how global standards and local demand are shaping the next phase of coworking and managed office growth.

This article provides a roadmap for aspiring community managers in the coworking industry, outlining key career stages from entry-level roles to executive positions. It highlights the importance of operational expertise, soft skills, leadership, and strategic thinking, offering insights into the path of career growth and community-building success.

A community-driven coworking space goes beyond shared desks, fostering collaboration, inclusivity, and flexibility. It creates an adaptable environment where individuals feel supported, engage in meaningful connections, and contribute to a shared purpose. This culture of belonging enhances productivity, innovation, and growth for everyone involved.