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

Hyderabad recorded its highest-ever first-half office leasing volume of 7.5 million sq. ft. in H1 2026. GCCs accounted for 45% of total leasing, while vacancy levels fell to 11.5% and office rents increased by 7%. The city’s residential market also remained stable with steady sales and launches.
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Target Corporation India has leased 8.31 lakh sq. ft. of office space at Embassy Manyata Business Park in Bengaluru under a 10-year agreement valued at nearly ₹1,250 crore. The landmark transaction highlights growing demand from Global Capability Centres (GCCs) and strengthens Bengaluru’s position as India’s leading office leasing market.
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AFC Furniture Solutions is accelerating its Karnataka expansion plans, targeting 30% revenue growth in FY 2026-27. Driven by Bengaluru’s strong office market, GCC growth, and rising demand for sustainable workplace infrastructure, the company plans to strengthen operations across key cities while expanding partnerships with developers, architects, and corporate occupiers.
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India’s Global Capability Centre (GCC) sector has added nearly 1.7 million jobs since FY20, reshaping office demand across Bengaluru, NCR, Hyderabad, and Pune. Rising leasing activity, infrastructure growth, and demand for integrated business ecosystems are pushing developers to create flexible, scalable, and amenity-rich workplace environments for multinational occupiers.
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Awfis Space Solutions reported a 66% rise in FY26 profit, backed by strong GCC demand and expanding enterprise workspace adoption. The company is restructuring its Design & Build business through a subsidiary, pursuing third-party projects, securing fresh funding, and navigating a CFO transition while strengthening its flex workspace leadership.
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Table Space has expanded its Hyderabad portfolio by adding nearly 5 lakh sq. ft. of managed office space across HITEC City and Kokapet. The move includes a major 4 lakh sq. ft. deal at Grava Business Park, reflecting rising demand from GCCs, BFSI firms, and technology companies seeking scalable Grade-A workspace solutions.
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