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

India’s commercial real estate market is expected to remain firm, with office and Grade-A mall occupancy potentially approaching 90% by March 2027. Strong leasing, GCC expansion and consumer spending are supporting demand, while office vacancy has already declined. Bengaluru, Hyderabad, Chennai and Delhi-NCR are expected to remain key growth markets.
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Hyderabad recorded 9.4 million sq ft of Grade A office leasing between January and September 2026, keeping it second among India’s top office markets. GCCs, technology firms and flexible workspace operators supported demand, while the city added 6.7 million sq ft of new supply in Q3.
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Awfis has launched a 100,000 sq ft Elite workspace at Prestige Trade Centre in Delhi Aerocity, targeting GCCs and enterprise occupiers. The centre offers built-to-suit and ready-to-move-in offices, hospitality-led amenities and technology-enabled services. It becomes Awfis’ ninth Elite centre as the company expands its premium workspace presence.
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Gujarat’s commercial real estate market is entering a new growth phase, driven by GCC expansion, GIFT City and improving infrastructure. Industry leaders say future demand will depend on Grade-A offices, larger floorplates, access to talent, transit, hospitality, and social infrastructure, allowing Ahmedabad and Tier-II cities to attract global occupiers.
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India’s office leasing grew 7% year-on-year to 41.6 million sq. ft. during the first half of 2026, according to Savills India. Strong demand from GCCs, technology firms, BFSI, and flexible workspace operators, combined with balanced office supply, continues to strengthen the country’s commercial real estate market despite global uncertainties.
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Commercial real estate lending in India continues to accelerate as record office leasing, GCC expansion, flexible workspace demand and data centre investments drive financing activity. Banks and NBFCs are increasing exposure to organised developers backed by stronger balance sheets, while RERA-led discipline is creating a healthier lending environment.
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