India’s green office space is set to reach 700 million square feet within the next 2-3 years, with green-certified buildings accounting for 80-85% of leasing activity. Bengaluru, Delhi-NCR, and Hyderabad lead in green office stock, contributing to India’s push toward a sustainable, low-carbon economy in real estate.
India’s green office market is poised for significant growth, with projections indicating that the green office inventory will expand to 700 million square feet within the next two to three years, according to a new report by CREDAI and Colliers. As sustainability takes centre stage, the share of leasing in green-certified buildings is expected to rise from 75% to approximately 80–85%.
As of 2024, green-certified office spaces represent about 66% of the total Grade A office inventory in India’s top six cities, amounting to 503 million square feet. These spaces are more environmentally friendly and more sought after, with occupancy levels between 80% and 90%. Furthermore, they command up to 25% rental premiums, making them a lucrative option for developers and businesses.
Bengaluru stands out among the cities leading this shift, holding a dominant 31% share of India’s green-certified office stock. Delhi-NCR and Hyderabad follow with 19% and 17%, respectively. When considering the proportion of green-certified office space relative to the total Grade A inventory, Hyderabad leads with 75%, closely followed by Bengaluru at 73%.
“The real estate sector is playing a crucial role in India’s transition to a low-carbon economy,” said Shekhar G. Patel, President of CREDAI. “This is the right moment to scale green adoption not just in offices but across residential, industrial, and emerging segments like data centres.”
India’s green building footprint has nearly doubled in the last five years, reaching 13 billion square feet in 2024. This impressive growth includes over 2 million green-certified residential units, 6,500 commercial projects, and 750 industrial developments. Notably, from 2020 to 2024, nearly 80% of all new Grade A office space was green-certified, highlighting the sector’s strong momentum toward sustainability.
This green transformation marks a significant shift in India’s commercial real estate market, with developers and businesses increasingly prioritizing eco-friendly solutions. The rise of green office spaces is an environmental trend and a business opportunity, offering higher returns and contributing to the country’s broader goals of a low-carbon economy.
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