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

The Asia Pacific office leasing market in the first half of 2025 was dominated by India, Mainland China, and Japan, accounting for over 90% of total demand. India emerged as a standout market with strong leasing activity, new supply growth, and a shift toward premium, sustainable office spaces.
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Location remains a key determinant of value in India’s commercial real estate market. From metro connectivity and high-street retail to mixed-use hubs and micro-markets, businesses and developers are shifting their focus to proximity, access, and ecosystem-driven planning to maximise rental yields, foot traffic, and long-term growth.
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Global Capability Centres (GCCs) leased nearly 32 million square feet in FY25—up 24% from the previous year—driven by India’s skilled talent and modern office infrastructure. Delhi-NCR emerged as the top performer, with Fortune 500 firms taking half the GCC space. Demand is expanding beyond IT to banking, healthcare, and R&D.
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Co-working operators leased 6.5 million sq ft of office space across India’s top cities in H1 2025, marking a 48% year-on-year growth, according to Colliers India. Driven by corporate demand for flexible and managed workspaces, the sector continues to redefine the commercial real estate landscape amid broader expansion of the office market.
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India’s Tier-II cities like Coimbatore and Mysuru are emerging as office space hotspots, driven by hybrid work models, affordable rents, and rising startup activity. Major corporations and coworking providers are expanding beyond metros, despite infrastructure challenges. These cities are reshaping India’s commercial real estate landscape with growing demand and improving connectivity.
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India’s commercial office rental market is booming, with Mumbai leading a 28% rise and Hyderabad close behind at 24.1%. Driven by Global Capability Centres, BFSI, and tech firms, prime metros show strong demand for Grade A spaces. Investor confidence remains high as India redefines the future of work.
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