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

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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A CBRE survey predicts a significant rise in flexible office spaces, with 58% of companies expected to expand their portfolios by 2026. Driven by robust occupier activity and an increasing preference for flexible arrangements, the trend sees domestic firms leading over American corporations. This strategic shift aims to accommodate growing workforces and enhance operational efficiency.
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