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

Hyderabad has emerged as India’s highest-priced Global Capability Centre (GCC) office market, according to the inaugural IIM Bangalore–CRE Matrix GCC Rental Index. The report highlights premium rentals, strong occupier demand, and growing momentum across Bengaluru, Pune, Mumbai, and Delhi-NCR as GCCs continue to shape India’s commercial real estate landscape.
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India’s institutional real estate investments climbed 23% year-on-year to USD 4.3 billion during H1 2026. Office assets captured over half of total investments, supported by GCC expansion, REIT activity, and strong leasing demand, signalling growing confidence in the country’s commercial real estate and flexible workspace ecosystem.
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Hyderabad has secured a major office leasing transaction covering more than one million sq. ft. in its western technology corridor. The deal ranks among the city’s largest recent workplace commitments and underscores strong demand from technology companies and GCCs, driving the growth of Hyderabad’s commercial real estate market.
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Innov8 has acquired Vatika Business Centres, adding 11 premium business centres across New Delhi, Gurugram, Chennai, Bengaluru, Hyderabad, Noida, and Pune. The acquisition strengthens Innov8’s managed workspace portfolio, expands its enterprise reach, and reflects the growing consolidation trend in India’s rapidly evolving flexible office space market.
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Accenture has leased more than 10.16 lakh sq. ft. of office space at Aparna Technopolis in Hyderabad under a 10-year agreement. The deal, one of the city’s largest recent office transactions, underscores Hyderabad’s growing appeal for technology firms, GCCs, and multinational occupiers seeking large-format Grade A workspaces.
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A new JLL report says Mumbai’s office market is entering a new growth phase as soaring property prices and limited land in Bandra-Kurla Complex push commercial expansion toward Dharavi’s H Block. Backed by major infrastructure projects, the area is expected to attract businesses seeking premium office space at comparatively lower costs.
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