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

A joint report by CBRE India and FICCI reveals that nearly 65% of Indian firms plan to adopt flexible workspaces by 2027. This shift is being driven by strong enterprise demand, rapid supply expansion across key cities, positioning flex offices as a core pillar of India’s evolving office market strategy.
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CBRE has appointed Suchithra R as Senior Director – India Leasing, based in Bengaluru. With over 15 years of experience across leading real estate advisory firms, she will drive leasing advisory and transactions nationwide, strengthening CBRE’s client-focused approach amid shifting occupier demand and evolving office market dynamics in India.
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Global Capability Centres are expected to account for 35–40% of India’s total office demand in 2025, according to CBRE South Asia. With gross leasing likely to exceed 80 million sq ft, demand is being fuelled by large deals, premium office assets, sustainability-led design, and continued expansion by GCCs and flex operators.
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India’s SM REIT market is poised to surpass $75 billion, driven by 500 million sq. ft. of office, retail, and logistics assets. CBRE highlights SM REITs as a game-changing model that offers fractional ownership, improved governance, and broader investor access. SEBI’s regulations and rising institutional interest are accelerating this transformation in commercial real estate.
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CBRE South Asia Pvt. Ltd. dominated India’s commercial real estate investment market in 2024, securing a 63.4% market share. It led multiple asset classes and retained global leadership for the 14th consecutive year. Strong investment momentum and market fundamentals continue to attract global investors to India’s real estate sector.
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Chennai is set to host 450+ Global Capability Centres (GCCs) by 2030, up from 250 today, driven by premium office spaces, skilled talent, and proactive policies. CBRE’s report highlights Chennai’s ranking as India’s third-largest GCC leasing market, with robust growth in office absorption and strategic appeal for global corporations.
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