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

Bengaluru, Hyderabad and Chennai together account for 62% of office space owned by India’s listed REITs, highlighting the growing institutionalisation of commercial real estate. Listed REITs held 167 million sq ft across eight major cities as of June 2026, with Bengaluru recording the highest REIT penetration.
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Hyderabad has emerged as India’s highest-priced Global Capability Centre (GCC) office market, according to the inaugural IIM Bangalore–CRE Matrix GCC Rental Index. The report highlights premium rentals, strong occupier demand, and growing momentum across Bengaluru, Pune, Mumbai, and Delhi-NCR as GCCs continue to shape India’s commercial real estate landscape.
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Hyderabad has secured a major office leasing transaction covering more than one million sq. ft. in its western technology corridor. The deal ranks among the city’s largest recent workplace commitments and underscores strong demand from technology companies and GCCs, driving the growth of Hyderabad’s commercial real estate market.
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Hyderabad recorded 4.4 million sq ft of large office leasing in Q1 2026, reflecting a 69% year-on-year increase, according to Knight Frank India. Large office transactions accounted for 75% of the city’s total leasing activity, highlighting rising demand for premium Grade A workspaces, ESG-compliant infrastructure, and scalable office campuses.
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Apple India has leased 57,000 sq ft of office space at WaveRock IT Park, Hyderabad, for ₹71.67 lakh per month, taking its total campus footprint to 6.34 lakh sq ft. The lease spans five floors with a three-year lock-in, warm-shell interiors, and 57 car parking spaces.
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WeWork India has signed a lease agreement to expand its Hyderabad footprint by around 3,300 desks, backed by an estimated investment of ₹100 crore. The expansion, expected to be completed by June 2026, comes as the company reports 83.9% utilisation on its current 1,21,638-desk capacity.
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