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

The Securities and Exchange Board of India’s (SEBI) recent decision to reclassify Real Estate Investment Trusts (REITs) as equity instruments marks a significant milestone for India’s commercial real estate investment landscape. This change is expected to enhance liquidity, broaden investor participation, attract mutual funds, and align the Indian REIT market with global standards, paving the way for stronger growth.
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WeWork India will host the third edition of its Sustainability Summit on September 24, 2025, at the WeWork Forum in Gurugram. The event aims to gather industry leaders, innovators, policymakers, and changemakers to advance the decarbonisation of commercial real estate in India. Focused on driving real action and collaboration, the summit will explore solutions to reduce carbon emissions and promote sustainable building practices.
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Smartworks has leased a record 5.57 lakh sq ft at Intellion Park, Navi Mumbai, making it the city’s largest managed office campus and pushing its Mumbai portfolio past 1 million sq ft. This strategic expansion caters to rapidly growing enterprise demand for scalable, future-ready workspaces in the region.
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India’s commercial real estate sector is marking its territory on the global map by blending affordability, cutting-edge infrastructure, and a vibrant startup ecosystem. As multinational firms and startups seek flexible, tech-enabled office environments, India’s top cities rival Silicon Valley and Dubai not only in leasing volumes but also in innovation and workspace culture.
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The recent GST reductions on cement and other key construction materials are expected to significantly lower costs for office and workspace real estate developers in India. This will improve project viability, enable faster expansion for co-working operators, and potentially ease rental pressures, fueling growth particularly in flexible workspaces and Global Capability Centre hubs like Bengaluru, NCR, Hyderabad, and Pune.
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India’s Global Capability Centres (GCCs) have staged a powerful comeback, driving over 40% of the nation’s office leasing demand in 2025, according to Colliers. Key demand drivers extend beyond technology to BFSI, engineering, healthcare and consulting, reflecting new momentum in diversified sectors and city micro-markets. Major urban hubs like Bengaluru, Hyderabad and Chennai now form the backbone of pan-India GCC expansion, with regional leasing spikes and growing interest from Tier II cities.
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