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

India’s REIT market has reached a new institutional milestone, with market value rising 62% to $17.7 billion by March 2026, according to Cushman & Wakefield. The country has overtaken Hong Kong to become Asia’s fourth-largest REIT market, backed by strong office demand, GCC expansion and a growing development pipeline.
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India has emerged as the top real estate yield market in the Asia Pacific. Investment volumes jumped 189% year-on-year in Q1 2026, driven by strong demand for Grade A office assets, logistics parks, student housing, and REIT-backed investments. The report highlights growing institutional interest and rising confidence in India’s commercial real estate sector.
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Vestian’s new report says India is poised to become one of the world’s most dynamic REIT markets, backed by strong commercial assets, growing investor appetite, and rising opportunities beyond offices. With the market cap expected to reach USD 25 billion by 2030, emerging sectors such as data centres, logistics, and warehousing will drive the next wave of REIT-led growth.
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India’s flexible workspace sector is expanding rapidly but remains highly consolidated. A Vestian report reveals that 10 major coworking operators control 67% of the 82 million sq ft flex office stock across top cities. Rising GCC demand is accelerating growth, with total stock expected to cross 100 million sq ft by 2026.
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Colliers says India’s Grade A demand may reach ~70 million sq ft in 2025, with around 60 million sq ft of new supply. Occupiers are prioritising quality, hybrid work, sustainability, and inclusivity. “Over 80%” of the upcoming Grade A supply is green-certified, while flex could “drive nearly 20%” of demand, reshaping workplace strategy.
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India is projected to surpass China in Grade-A office space supply by 2026, led by Bengaluru, Hyderabad, and Delhi-NCR. Backed by multinational demand and the rise of GCCs, India is emerging as Asia’s top office market, signalling strong investor confidence and a strategic shift in global commercial real estate focus.
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