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

Global Capability Centres (GCCs) are driving India’s commercial real estate market with their office space leasing projected to grow 15-20% over the next two years. GCCs have leased 100 million sq ft in India’s top cities since 2021 and are poised to shape nearly 40% of the office demand by 2025, signalling a strong growth trajectory for workplace real estate.
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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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