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

Global steel major ArcelorMittal has leased around 1 lakh sq. ft. of office space in Pune’s Hinjawadi at a monthly rent of about Rs 63 lakh. The move signals continued GCC-led office demand in Pune, reinforcing the city’s role as a key hub for manufacturing and engineering-focused global capability centres.
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India’s real estate sector is set for steady growth in 2026, driven by institutional investment, strong occupier demand, and innovation-led development, says Colliers India. GCCs, flexible workspaces, REIT expansion, and ESG-focused assets will anchor office demand, while housing, logistics, and alternative assets maintain momentum across cities.
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Brookfield plans to invest over $1 billion to develop Asia’s largest Global Capability Centre in Mumbai’s Powai. The project, expected to be completed by 2029, reinforces India’s position as a global GCC hub and highlights how large-scale GCC investments are driving sustained demand for office real estate.
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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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