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

Global Capability Centres are expected to account for 35–40% of India’s total office demand in 2025, according to CBRE South Asia. With gross leasing likely to exceed 80 million sq ft, demand is being fuelled by large deals, premium office assets, sustainability-led design, and continued expansion by GCCs and flex operators.
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JPMorgan Chase has announced plans to develop Asia’s largest Global Capability Centre in Powai, Mumbai. Spanning 2 million sq ft and housing 30,000 employees, the project highlights India’s growing importance in BFSI operations, talent-led growth, and the evolution of Mumbai as a major GCC and office space destination.
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India’s REITs and InvITs reported sharp distribution growth in Q2 FY26, driven by strong asset performance. According to ICRA Analytics, commercial real estate-led REITs saw the highest gains, supported by rising leasing activity, higher rentals, and improved cash collections, signaling a maturing income-focused real estate market.
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IBM India has leased nearly 1.62 lakh sq. ft. at Embassy Golflinks Business Park in Bengaluru, signalling sustained demand for Grade A office spaces. The transaction highlights the city’s dominance in India’s commercial real estate market, driven by large-format corporate leasing and long-term occupier confidence.
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Brookfield Asset Management and B. S. Sharma have partnered to build Asia’s largest Global Capability Centre in Powai, Mumbai. Spread across 2 million sq. ft., the project will house a marquee multinational bank under a long-term lease, reinforcing Mumbai’s leadership in GCC-driven commercial real estate growth.
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India’s gross office absorption is expected to exceed 80 million sq. ft. in 2025, led by strong Global Capability Centre demand. According to industry reports, this momentum reflects deeper structural strength across commercial real estate, flexible workspaces, and premium assets, reinforcing India’s role as a global enterprise and talent hub.
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