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

India’s top office hubs are set to unlock a ₹45,000 crore investment opportunity through retrofitting outdated office spaces. Cities like Bengaluru, Delhi NCR, Mumbai, and Hyderabad lead this transformation, aiming to modernize 530 million sq. ft of office stock and boost rental yields by up to 50%.
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Godrej Interio aims for 30% B2B growth by FY27, driven by a ₹55 crore investment and rising demand in India’s office furniture market. With innovative, ergonomic, and tech-enabled solutions, the company targets expanding sectors like IT, BFSI, and GCCs through turnkey workspace projects and patented product offerings.
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Pune’s commercial real estate market surged in early 2025, driven by rising demand from Global Capability Centres (GCCs) and flexible office spaces. Office leasing jumped 91% year-on-year, with coworking spaces making up 43% of total activity. Key hubs like Baner-Balewadi continue to lead this rapid growth.
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Coworking office space leasing in India dropped 43% in Q1 2025, while overall office leasing rose 5%, driven by growing demand from Global Capability Centers (GCCs). According to CBRE, GCCs are emerging as key occupiers, shifting market focus from flexible workspaces to long-term, strategic corporate setups.
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Embassy Group has launched Embark, India’s first fully integrated platform to simplify and accelerate the setup of Global Capability Centers (GCCs). Embark offers end-to-end support—including co-working and managed office solutions—and helps global companies establish and scale operations in India with ease, efficiency, and long-term strategic value.
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Foreign companies drove 62% of India’s office space leasing in Q1 2025, renting 111.6 lakh sq ft across nine major cities, says CBRE. Total leasing rose 5% year-on-year, led by demand from Global Capability Centres and a growing focus on sustainable, employee-centric workspaces.
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