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

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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Brookfield Asset Management and B. S. Sharma have partnered to build Asia’s largest Global Capability Centre in Powai, Mumbai. Spread across 2 million sq. ft., the project will house a marquee multinational bank under a long-term lease, reinforcing Mumbai’s leadership in GCC-driven commercial real estate growth.
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India’s real estate sector is set for steady growth in 2026, driven by institutional investment, strong occupier demand, and innovation-led development, says Colliers India. GCCs, flexible workspaces, REIT expansion, and ESG-focused assets will anchor office demand, while housing, logistics, and alternative assets maintain momentum across cities.
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Brookfield plans to invest over $1 billion to develop Asia’s largest Global Capability Centre in Mumbai’s Powai. The project, expected to be completed by 2029, reinforces India’s position as a global GCC hub and highlights how large-scale GCC investments are driving sustained demand for office real estate.
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