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

Navi Mumbai is emerging as a major commercial real estate hub, driven by office rents that are about 21% lower than those in Tier-I markets. With 32.7 million sq. ft. of existing office stock and 23.5 million sq. ft. planned by 2031, the city is attracting multinational companies and GCCs.
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Enzyme Office Spaces is expanding its managed workspace portfolio amid India’s fast-growing GCC ecosystem. With occupancy above 90% and 1.6 million sq ft under operations, the company is leveraging flexible, asset-backed models to support enterprise scaling, hybrid work trends, and ESG-driven office demand across key Indian markets.
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Airbus India Private Limited has leased 1.51 lakh sq ft at Titanium Tech Park in Bengaluru for eight years, taking its total footprint to nearly 8 lakh sq ft. The expansion reflects strong GCC-led office demand, long-term leasing trends, and a growing preference for scalable Grade-A workspaces across India’s flexible, technology-driven commercial real estate ecosystem.
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ArcelorMittal plans new Global Capability Centres in Hyderabad and Pune, strengthening India’s role in digital operations and enterprise transformation. The move is expected to accelerate demand for flexible offices, analytics talent, and sustainable commercial infrastructure while shaping urban growth, employment patterns, and innovation ecosystems across both cities.
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India’s growing Global Capability Centre (GCC) ecosystem is accelerating demand for Grade A flexible workspaces. Table Space founders highlighted swift office delivery, integrated services, and tech-enabled scalability. With expansion into Tier-2 cities and global markets, managed workspace operators are key infrastructure partners for multinational firms.
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Intercontinental Exchange has leased nearly 193,000 sq ft of Grade-A office space in Pune’s Magarpatta Cybercity for a new global capability centre. The long-term deal reflects rising demand from multinationals for scalable campuses in India. Strong talent availability, competitive costs, and established office ecosystems continue to position Pune as a major GCC hub.
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