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

Amazon has renewed its lease for over 94,000 sq ft of office space at Godrej Two in Mumbai’s Vikhroli, committing ₹1.73 crore in monthly rent for five years. Spread across four Amazon entities, this move reinforces the brand’s long-term investment in India’s commercial real estate and the appeal of premium office hubs.
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Global Capability Centers (GCCs) are driving India’s office market boom, accounting for 36% of leasing since 2022. Concentrated in Bengaluru, Hyderabad, and Chennai, demand is led by tech and flexible workspace providers. Sustainability is also rising, with most leasing happening in green buildings—signaling a shift toward agile, eco-conscious workspaces.
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Ahmedabad-Gandhinagar-GIFT City is emerging as India’s top Tier-II hub for Global Capability Centres, driven by world-class infrastructure, policy incentives, and a skilled workforce. With major players like IBM and Technip Energies investing, the region offers Tier-I capabilities at lower costs—making it a rising star in India’s flexible workspace landscape.
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India’s flexible office market is set to reach ₹600 billion by FY2027, driven by hybrid work trends, enterprise adoption, and rapid expansion across major cities. With rising demand, falling vacancies, and upcoming IPOs, flex spaces are transforming from a niche option into a core component of India’s commercial real estate landscape.
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Ajay Devgn has leased a 2,545 sq. ft. office in Andheri West, Mumbai, to Bombay Design Centre for five years, starting May 2025. The rent begins at ₹5.47 lakh per month, rising later, with yields between 6.5% and 7.5%, highlighting continued investor interest in Mumbai’s premium office market.
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Accuspace is investing ₹700 crore to expand premium office, warehousing, and logistics infrastructure across India by FY26. With a focus on Tier-1 to Tier-3 cities, the Jaipur-based firm aims to deliver 20 million sq. ft. by 2030, targeting rising demand for flexible, high-quality commercial real estate nationwide.
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