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

UBS Business Solutions India has leased an entire commercial tower in Pune’s Yerwada micro-market through a long-term managed office agreement with Smartworks. Valued at over ₹263 crore, the deal reflects rising demand from global occupiers for flexible, fully serviced, enterprise-grade office spaces in key Indian cities.
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Kolkata’s commercial real estate market has witnessed a major ownership shift, with a listed national developer divesting an operational IT and ITeS SEZ and adjoining land for around ₹670 crore. The transaction reflects portfolio rationalisation by large developers and renewed interest from regional players in stable, income-generating urban assets.
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Premium office spaces in Bengaluru, Hyderabad, and Delhi NCR continue to attract the bulk of GCC investment, according to NTT DATA’s latest report. While Tier II cities gain traction due to cost and talent advantages, challenges around infrastructure, skilled talent, and AI readiness remain key factors shaping India’s evolving GCC ecosystem.
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CBRE has appointed Suchithra R as Senior Director – India Leasing, based in Bengaluru. With over 15 years of experience across leading real estate advisory firms, she will drive leasing advisory and transactions nationwide, strengthening CBRE’s client-focused approach amid shifting occupier demand and evolving office market dynamics in India.
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Google plans to expand its Bengaluru campus to house 20,000 employees, a move driven by tighter US H-1B visa rules. The Whitefield expansion positions India as a global hub for AI, cloud, and advanced engineering, while US tech companies increasingly shift high-value roles to India, fueling demand for premium office and flexible spaces.
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Bengaluru has emerged as the world’s leading Global Capability Centre (GCC) hub, with GCCs driving nearly 40% of office leasing across India’s top cities in 2025. The FICCI–ANAROCK Workplaces 2025 report highlights record leasing, strong Grade A supply, and rising demand for ESG-ready, tech-enabled workspaces across metros and Tier-2 cities.
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