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

India’s commercial real estate market is projected to reach USD 643 billion by 2035, driven by accelerating office demand, e-commerce-led warehousing, and nationwide infrastructure expansion. Tier I metros continue to anchor activity, while Tier II cities gain traction. Policy reforms, sustainable buildings, and flexible workspace trends are reshaping the sector’s future trajectory.
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NCR’s commercial real estate market entered a consolidation phase in 2025, led by Gurugram’s strong performance. Record office leasing driven by GCCs, IT firms, and flexible workspace operators, combined with tightening Grade-A retail vacancies, reinforced the city’s position as NCR’s most resilient, scalable, and future-ready commercial real estate hub.
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Despite concerns over recent US tariffs, Hyderabad’s commercial real estate sector remains robust and resilient. Industry experts gathered at IKON 2025 highlighted Hyderabad’s emergence as a leading destination for Global Capability Centres (GCCs), driven by a skilled workforce, strong infrastructure, and favourable government policies. The city is poised for growth in office space demand, especially from the pharmaceutical and defence sectors, alongside rising interest in flexible workspace solutions.
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The Delhi government has finalised a proposal to develop three new industrial areas—Kanjhawala, Ranikhera, and Baprola—aimed at fostering commercial real estate growth. These zones will focus on high-tech industries with modern infrastructure, promising significant job creation and enhanced business ecosystems.
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