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

Tata Housing has appointed Pankaj Tyagi as Assistant Vice President to lead IT Park projects in Gurugram. With over 20 years of experience across global developers, Tyagi will drive execution, sustainability, and delivery excellence as demand for Grade-A office and flexible workspace infrastructure continues rising across India.
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SpazeOne is expanding nearly 1 lakh sq ft of flexible office space across three locations in Kochi, adding around 1,700 seats. The expansion reflects growing demand for managed workspaces from startups and enterprises. With strong IT growth and infrastructure improvements, Kochi is emerging as a leading Tier II flexible office market.
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Intercontinental Exchange has leased nearly 193,000 sq ft of Grade-A office space in Pune’s Magarpatta Cybercity for a new global capability centre. The long-term deal reflects rising demand from multinationals for scalable campuses in India. Strong talent availability, competitive costs, and established office ecosystems continue to position Pune as a major GCC hub.
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Bengaluru achieved a record 24.1 million sq ft of office leasing in 2025, led by tech firms, GCC expansions, and flexible workspace operators. Despite 12 million sq ft of new supply, vacancy fell to 10.5%. Rents rose 6.6%, and capital values climbed 8.6%, reflecting strong occupier and investor confidence.
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US companies accounted for 70% of India’s GCC demand between 2018 and 2025, as leasing touched a record 31 million sq ft in 2025. Tier I cities dominate with over 90% activity, while Tier II markets gain traction with 10–35% cost savings. More than 200 new GCCs entered India over the past 2 years.
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India’s five listed REITs distributed over ₹2,450 crore to 3.8 lakh unitholders in Q3 FY26, taking cumulative payouts past ₹29,100 crore since inception. Managing 185 million sq ft of Grade A assets, the sector’s total AUM now exceeds ₹2.5 lakh crore, reflecting steady growth and strong leasing demand.
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