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

Target Corporation India has leased 8.31 lakh sq. ft. of office space at Embassy Manyata Business Park in Bengaluru under a 10-year agreement valued at nearly ₹1,250 crore. The landmark transaction highlights growing demand from Global Capability Centres (GCCs) and strengthens Bengaluru’s position as India’s leading office leasing market.
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Institutional investors and REITs now control 72% of India’s existing office inventory and 61% of upcoming supply, signalling a major shift in commercial real estate ownership. As premium office assets move into long-term institutional portfolios, direct ownership opportunities are declining, while yield-based investing and professional asset management gain prominence.
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Volney Commercial Real Estate Advisory recorded approximately 85,000 sq. ft. of office leasing transactions in FY 2025-26, achieving twofold growth over the previous year. The deals were concentrated across Mumbai’s key commercial hubs, including Bandra Kurla Complex, Chandivali, and Andheri East, reflecting continued occupier demand for premium office space.
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Intuit has leased over 0.6 million sq ft of office space in Bengaluru at a monthly rent of Rs 61.3 million, reinforcing strong demand for Grade A workplaces. The large-scale transaction highlights Bengaluru’s growing appeal among technology firms and multinational occupiers seeking premium infrastructure, operational efficiency, and flexible office environments.
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Table Space has strengthened leadership within DESYN, its integrated Design and Build business, to accelerate growth across India’s enterprise and GCC markets. The appointments span design, commercial, and regional business functions, reinforcing DESYN’s strategy to deliver scalable, technology-led, and high-quality workplace solutions as demand for agile office environments continues to rise.
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CBRE South Asia has been recognised as the “Leading IPC of the Year” at the ETNow.in Realty Conclave & Awards 2026 in New Delhi. The award highlights the company’s leadership in India’s property consultancy sector, its research-driven advisory services, nationwide footprint, and long-standing contribution to the growth of commercial real estate.
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