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

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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Morgan Stanley Advantage Services has leased around 1.6 lakh sq. ft. of office space at Brookfield’s Ecoworld in Bengaluru for nearly five years at a monthly rent of ₹1.92 crore. The deal reflects strong BFSI and GCC-led demand along the Outer Ring Road, reinforcing Bengaluru’s status as a global offshore hub.
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India is set to outperform the Asia-Pacific region in office real estate growth in 2026, supported by strong leasing, stable vacancies, and GCC expansion. Bengaluru leads rental growth, while Mumbai and Delhi-NCR show steady gains. Robust occupier demand is expected to absorb new supply without weakening prime rents.
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Walmart Global Tech has leased 1.01 lakh sq ft of office space in North Bengaluru’s Devanahalli for five years, underscoring its commitment to India and in-office collaboration. The deal highlights growing enterprise interest in airport-linked business corridors and signals Devanahalli’s rise as a key GCC destination.
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IBM India has leased nearly 1.62 lakh sq. ft. at Embassy Golflinks Business Park in Bengaluru, signalling sustained demand for Grade A office spaces. The transaction highlights the city’s dominance in India’s commercial real estate market, driven by large-format corporate leasing and long-term occupier confidence.
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Bengaluru is set to add nearly 25 million sq. ft. of new office space in H2 FY27, according to ICRA. Despite heavy supply, strong GCC-led absorption is expected to push occupancy above 92% by FY27, reinforcing the city’s position as India’s most resilient and high-growth office market.
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