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

Colliers has appointed Kishore Veeraghattam as Managing Director for Chennai, in addition to his ongoing leadership role in Hyderabad, to drive integrated growth across both South Indian real estate hubs. Backed by global experience, he is positioned to advance Colliers’ expansion in flexible workspaces, industrial parks, sustainability-led assets, and cross-city client strategies.
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India’s office market saw demand outpace supply in 2025, with Delhi-NCR and Mumbai recording sharp declines in new office completions. Colliers noted strong leasing from technology firms, BFSI players, and GCCs, which tightened vacancies, strengthened rentals, and reinforced a landlord-favourable trend across major Indian cities.
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India’s real estate sector is set for steady growth in 2026, driven by institutional investment, strong occupier demand, and innovation-led development, says Colliers India. GCCs, flexible workspaces, REIT expansion, and ESG-focused assets will anchor office demand, while housing, logistics, and alternative assets maintain momentum across cities.
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India’s flex office market is projected to surpass 100 million sq. ft. by 2027, driven by rising demand from enterprises and the GCC, according to Colliers. Bengaluru leads the market, while Pune records the highest penetration. Tier II city expansion, technology integration, and enterprise-grade managed solutions are shaping the sector’s next phase of growth.
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India’s office real estate market is set to grow steadily, driven by 15–20 high-activity micro markets across top cities. According to Colliers, these zones will account for over 80% of future demand and supply, led by expanding infrastructure, emerging flex space needs, and continued interest from global capability centres.
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India’s office space leasing grew by 15% in Q1 2025, reaching 159 lakh sq ft across seven major cities, driven by corporate expansions and rising investments. Bengaluru, Chennai, and Delhi-NCR led the surge, while Hyderabad and Kolkata lagged. Experts foresee sustained momentum, with demand shifting towards ESG-compliant, tech-integrated workspaces.
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