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

Rahul Arora has stepped down as Senior Managing Director at JLL India after nearly ten years, marking the end of a significant leadership tenure. His departure comes as India’s commercial real estate advisory sector becomes more institutional, creating fresh opportunities for specialist advisory firms amid sustained office leasing demand and market expansion.
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Embassy Developments will invest ₹1,500 crore to build the first phase of a 6 million sq. ft. office campus in Bengaluru, strengthening its commercial portfolio. Driven by strong GCC demand, the company is also targeting residential sales of ₹8,000 crore and plans to launch housing projects worth ₹20,000 crore this fiscal.
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India’s flexible workspace market reached a new milestone in the first half of 2026, with co-working operators leasing a record 8.6 million sq. ft. of office space. Strong demand from GCCs and enterprises pushed flex operators to account for 24% of total office leasing across seven major cities.
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Flexible workspace provider Incuspaze has raised ₹150 crore in a funding round led by Bharat Value Fund to fuel expansion, technology upgrades, and acquisitions. The company aims to achieve ₹1,000 crore in revenue and launch an IPO by FY29 while strengthening its presence across India’s rapidly growing managed office market.
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Hyderabad has emerged as India’s highest-priced Global Capability Centre (GCC) office market, according to the inaugural IIM Bangalore–CRE Matrix GCC Rental Index. The report highlights premium rentals, strong occupier demand, and growing momentum across Bengaluru, Pune, Mumbai, and Delhi-NCR as GCCs continue to shape India’s commercial real estate landscape.
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India’s institutional real estate investments climbed 23% year-on-year to USD 4.3 billion during H1 2026. Office assets captured over half of total investments, supported by GCC expansion, REIT activity, and strong leasing demand, signalling growing confidence in the country’s commercial real estate and flexible workspace ecosystem.
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