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

Facebook India has leased 69,702 sq ft in Hyderabad’s Hitec City for five years, strengthening its long-term presence in the city. With rising GCC demand, renewed leases, and robust leasing volumes, Hyderabad continues to outpace Bengaluru in attracting global enterprises. The city closed 2025 with strong momentum, driven by diversified occupier activity.
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WeWork India has surpassed 1 lakh members, recording 33.6% YoY growth, driven by strong demand from enterprises and GCCs. With 76% enterprise revenue and rapid expansion across eight cities, the company says flexible workspaces have become core business infrastructure. Southern markets led momentum as GCC and tech-driven occupancies surged.
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Flexible workspaces are becoming the preferred launchpad for Global Capability Centres entering India. With GCCs expected to drive up to 200 million sq. ft. of office demand by 2030, flex operators are capturing a growing share by enabling faster entry, asset-light expansion, and end-to-end operational support across key office markets.
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India’s fast-growing Global Capability Centre ecosystem is reshaping the flex office market, with global occupiers favouring green-certified, Grade-A workspaces. Vestian Research highlights rising GCC adoption, strong demand in peripheral business districts, and rapid growth in flex stock, positioning sustainability and flexibility as core drivers of future office demand.
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India’s flexible workspace market is projected to grow nearly threefold to USD 9–10 billion by 2028, driven by the rapid expansion of Global Capability Centers. A new Smartworks–UnearthIQ report highlights a major shift toward asset-light office models, with flex spaces emerging as the fastest-growing segment in commercial real estate.
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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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