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

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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India’s Grade A office market stayed resilient in the first half of 2026, with uptake reaching 3.32 million sq m across seven major cities. Supply remained measured, vacancy declined to 15.2%, and rents rose 7.5%, pointing to sustained demand for quality workplaces despite global uncertainty.
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Singer Sonu Nigam has sold a 3,082 sq ft office in Mumbai’s BKC for ₹18 crore. The transaction reflects a ₹3.70 crore increase in value before costs. The same Trade Centre building recently saw Kailash Kher sell another office, highlighting BKC’s premium commercial appeal.
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WeWork India has approached the NCLT, Bengaluru Bench, seeking permission to use ₹2,050.16 crore from its Securities Premium Account to fully offset accumulated losses. The move comes as the flexible workspace operator reports stronger Q1 FY27 performance, with revenue and EBITDA rising sharply.
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