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

India’s Global Capability Centers (GCCs) are set to occupy 26 million sq ft of office space by 2027. With 6,667 deals from 2018-2023, GCCs are crucial to India’s innovation landscape. Projections show that 1,900 centres will be built by 2025, driven by the IT/ITeS, BFSI, and consulting sectors, highlighting India’s global strategic importance.
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The Union Budget 2024-25 offers major advantages for the commercial real estate sector, including urban development, rental housing reforms, and policies supporting the growth of coworking spaces.
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American Express opens its largest global office in Gurugram, India, spanning one million square feet. The LEED Gold-certified campus focuses on sustainability, health, and wellness and aims to enhance innovation. The new facility supports all company divisions and underscores AmEx’s commitment to leveraging local talent and expanding in India.
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By 2027, India’s Global Capacity Centres (GCCs) are expected to expand their office space to 26 million sq ft, driven by a surge in leasing deals and strategic growth in the IT/ITeS and BFSI sectors. This growth not only underlines India’s pivotal role in global business innovation and talent acquisition but also sets a promising trajectory for the future of these sectors.
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India’s office market set new records in H1 2024, with 33.5 million sq ft of leasing across top cities. Bengaluru and Delhi-NCR led the surge, which was driven by the high demand for flexible office spaces. Key sectors like tech and finance boosted growth, reflecting robust confidence in the commercial real estate sector.
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Over 65% of Grade A office spaces in India’s top seven cities are green-certified, with Bengaluru leading in total green space and Chennai boasting the highest percentage. LEED Gold certification is prevalent, reflecting a strong demand for sustainable and flexible office solutions.
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