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

CBRE South Asia has entered a strategic enterprise agreement with Propstack to integrate its real estate data and analytics platform across India operations. The phased rollout, beginning September 2026, will support market intelligence, investment analysis, occupier advisory and client reporting, strengthening data-led decision-making across commercial real estate services.
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Genpact has leased nearly 4 lakh sq ft at ASF Insignia in Gurugram in a long-term deal estimated at ₹420–450 crore. The exclusive tower will support 5,000–8,000 employees and is expected to begin operations in Q2 2027, adding to strong office leasing momentum across Delhi-NCR.
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Bengaluru, Hyderabad and Chennai together account for 62% of office space owned by India’s listed REITs, highlighting the growing institutionalisation of commercial real estate. Listed REITs held 167 million sq ft across eight major cities as of June 2026, with Bengaluru recording the highest REIT penetration.
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Hyderabad is emerging as one of India’s fastest-growing Global Capability Centre hubs, adding 70 GCCs in FY25, bringing the total to 515. With another 50–70 centres expected within a year, the city could generate 8–12 million sq ft of office demand, strengthening its commercial real estate market through 2029.
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