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

The National Payments Corporation of India (NPCI) plans to build a 5 lakh sq. ft. office in Mumbai’s Bandra Kurla Complex, consolidating operations and accommodating 5,000 employees. CEO Dilip Asbe highlights the growing need for space due to AI advancements and the rising adoption of UPI-driven credit transactions.
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India’s top cities saw a 7% rise in office space supply in 2024, reaching a record 515 lakh sq. ft., with Hyderabad leading the surge. Vacancy rates dipped, rental values climbed, and IT-ITeS dominated leasing, signalling strong demand for GCCs, BFSI, and flex spaces, per Vestian’s latest report.
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Bollywood star Hrithik Roshan has leased his premium 9,209 sq. ft. office in Pune’s EON Kharadi complex to Regus Ruby Business Centre for ₹6.08 lakh per month. Registered on February 20, 2025, the deal underscores Pune’s booming commercial real estate sector and its appeal to top businesses.
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India’s Global Capability Centres (GCCs) are set to reach USD 105 billion by 2030, employing 2.8 million professionals. With 1,700 GCCs generating USD 64.6 billion, India is driving digital transformation, AI innovation, and business development, solidifying its role as a global enterprise operations hub.
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Bengaluru leads the APAC region in flexible office space with 15.5 million sq. ft., followed by Delhi NCR at 10.7 million sq. ft. India’s flexible office market saw substantial growth, particularly in Delhi NCR, driven by rising demand for managed solutions and sustainable business models.
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Nukleus Office Solutions’ SME IPO, aiming to raise Rs 32 crore, is 87% subscribed on its final day. The price band is set at Rs 234 per share. The IPO proceeds fund capital expenditure, new centres, technology development, and advertising. Listing is scheduled for March 4 on BSE SME platform.
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