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

India’s Global Capability Centres are poised to add nearly 180 million sq. ft. of office space by 2030, according to Savills India. Driven by high-value sectors, deep tech talent, and innovation-led mandates, GCCs are evolving into strategic growth engines, ensuring strong long-term demand for offices.
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Hyderabad has taken the lead as India’s top destination for healthcare and pharma Global Capability Centres, according to Savills India. With GCCs driving 44% of office absorption in 2024 and strong future demand projected through 2030, the city is strengthening its role as a high-value office and innovation hub.
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Spring House Workspaces has named Saurabh Kalra as its new Chief Operating Officer to drive operational excellence and geographic expansion. With over 25 centres across Delhi-NCR, the coworking brand aims to scale nationally, improve operational efficiency, and meet the rising demand for flexible and hybrid office spaces
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Bengaluru is set to add nearly 25 million sq. ft. of new office space in H2 FY27, according to ICRA. Despite heavy supply, strong GCC-led absorption is expected to push occupancy above 92% by FY27, reinforcing the city’s position as India’s most resilient and high-growth office market.
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India’s flex office market is projected to surpass 100 million sq. ft. by 2027, driven by rising demand from enterprises and the GCC, according to Colliers. Bengaluru leads the market, while Pune records the highest penetration. Tier II city expansion, technology integration, and enterprise-grade managed solutions are shaping the sector’s next phase of growth.
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iSprout has raised ₹60 crore in debt funding from Tata Capital to expand its managed office footprint across India. The company aims to strengthen its enterprise offerings, enhance tech platforms, and launch new centres in tier-1 and tier-2 cities. With strong occupancy and rapid growth, iSprout is gearing up for an IPO in the coming years.
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