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

India could host over 2,400 Global Capability Centres (GCCs) by 2030, employing 2.8 million professionals, as per the FICCI–Anarock report. The GCC market is projected to reach USD 105–110 billion, driven by IT, BFSI, healthcare, and ER&D, with expansion accelerating into Tier-2 cities.
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alt.f coworking hosted the Hyderabad Startup Meetup with startupnews.fyi on January 30, 2026, at its Begumpet centre. Designed as a small, curated gathering, the event featured 60+ startup pitches and participation from 10 VC firms, enabling deeper discussions around fundraising readiness, alignment, and business growth.
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IBM India has leased 2.3 lakh sq ft at Intellion Park, Gurugram, for 10 years with a total rent outlay of ₹180 crore. The deal covers floors 7–12 of Tower 4, includes 307 parking slots, and signals rising demand for large, long-term Grade A office commitments in NCR.
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Awfis reported a strong December quarter with operating revenue up 20% YoY to ₹382 crore and net profit rising to ₹22 crore. The coworking leader saw solid traction from GCC and enterprise clients, maintained high occupancy, added 10 centres, and strengthened leadership with a new CFO appointment effective February 3.
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Bengaluru is strengthening its position as India’s leading flexible workspace hub as global firms increasingly opt for premium, green-certified offices. Driven by GCC demand, improved connectivity, and sustainability goals, the city’s flex market is reshaping leasing strategies, decentralising business districts, and accelerating the shift toward high-quality, adaptable office spaces.
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Budget 2026 proposes dedicated REITs to monetise real estate assets owned by central public sector enterprises. The move could unlock prime city properties, deepen India’s REIT market, and give retail investors access to stable, income-generating assets with liquidity, transparency, and long-term growth potential.
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