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

Westermo has launched its first office in India, located in Bengaluru, designed by Space Matrix to foster innovation, collaboration, and a strong team culture. The 10,000 sq. ft. workspace blends Swedish minimalism with Indian craftsmanship, aligning with Westermo’s growth in India’s transport, water, and energy sectors. The design reflects strategic intent and employee well-being.
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India’s top 7 cities experienced a 40% increase in net office leasing in H1 2025, totalling 26.8 million sq ft. Bengaluru led the pack with the highest leasing and new office supply. While most cities showed strong growth, Hyderabad’s vacancy rate rose, and Kolkata was the only city to witness a decline.
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India’s Global Capability Centre (GCC) leasing grew 24% in FY25, reaching 31.8 million sq ft across top cities. While total lease deals declined, large transactions surged by 44%, indicating a shift toward larger office spaces. Government support and Fortune 500 expansion continue to reinforce India’s dominance in the global GCC landscape.
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India’s office market is poised to hit a record-breaking 90+ million sq ft in gross leasing this year, says Cushman & Wakefield. The surge is fueled by GCC expansions, robust demand from the tech and BFSI sectors, and strong domestic momentum, despite dips in some key cities, such as Bengaluru and Mumbai.
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Leasing of office space for Global Capability Centres (GCCs) jumped 24% in FY2024–25 to 31.8 million sq ft across India’s top seven cities, according to Vestian. Fortune 500 firms accounted for 13.5 million sq ft. Bengaluru led with 12.43 million sq ft, followed by substantial gains in Mumbai and other metros.
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India’s Global Capability Centres (GCCs) leased a record 31.8 million sq ft of office space in FY2024–25—a 24% annual rise—even though the total number of transactions dropped slightly. The surge in large deals signals a strategic focus on consolidation, scale, and long-term operational growth. Bengaluru remained the top destination, with Fortune 500 companies driving most of the absorption.
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