India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

PepsiCo will end insurance coverage for weight-loss drugs from October as employers focus on controlling healthcare costs. At the same time, India’s office market reached a record 24.6 million sq. ft. of leasing. Strong expansion plans and rising occupier demand point to continued momentum for developers and REITs.
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India’s flex workspace market reached a new high in H1 2026, with 191,306 seats leased across eight major cities. Operators leased a record 8.4 million sq ft and captured nearly 20% of office demand. GCCs led growth, while Hyderabad, Delhi NCR and Mumbai posted strong gains.
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DHL Supply Chain India has leased 2.4 lakh sq ft of warehouse space in Hoskote for about ₹35 crore. The deal includes a monthly rent of ₹56.4 lakh, a 4.5% annual escalation, and a three-year lock-in. The transaction reinforces Hoskote’s rising role as a key industrial hub.
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India’s office leasing market recorded 19.4 million sq ft of gross absorption in Q1FY27, down 6% year-on-year, while net absorption fell 21%. Geopolitical tensions delayed corporate commitments, but GCC demand remained strong. Tightening vacancy rates, resilient REIT portfolios, and a proposed tax cut could support the sector amid near-term uncertainty.
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