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

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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Hyderabad has taken the lead as India’s top destination for healthcare and pharma Global Capability Centres, according to Savills India. With GCCs driving 44% of office absorption in 2024 and strong future demand projected through 2030, the city is strengthening its role as a high-value office and innovation hub.
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Urban Vault has leased 21,000 sq ft of workspace in Bengaluru to Japanese companies Nachi, Pioneer, and Komatsu, strengthening its foothold in the growing GCC market. With a hybrid model that cuts CapEx and OpEx, the firm now serves over 50 GCCs and operates a 2.8 million sq ft pan-India portfolio.
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