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

India’s commercial office market is set to reach 65-70 million sq ft in 2025, with 2024 absorption hitting 66.4 million sq ft, a 14% rise. GCCs drive demand, leasing 25.7 million sq ft, while sustainability gains traction, with 80% of new supply expected to be green-certified. Institutional investment remains strong at USD 4.7 billion.
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India’s GCC sector, currently contributing 3.5% to GDP, is expected to grow to over 5% by 2030, driven by AI technologies like DeepSeek. The sector is shifting focus to Tier-2 cities due to rising operational costs in metros, with the 2025 Budget expected to support decentralisation and innovation.
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India’s construction landscape is evolving with a focus on sustainability as top developers embrace green building practices. Companies like Godrej Properties, Tata Realty, and Mahindra Lifespace set new benchmarks for sustainable urban development by incorporating energy-efficient designs, renewable energy, and eco-friendly materials.
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India’s real estate market is projected to grow to $1 trillion by 2030, fueled by PropTech advancements, urbanisation, and digital platforms. Aurum PropTech highlights opportunities in rental housing, SM-REITs, and AI-driven innovations. With 75% of buyers using digital tools, the sector is rapidly evolving, shaping a dynamic and inclusive future.
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India inaugurated the CSIR Mega Innovation Complex in Mumbai on January 17, 2025, to support start-ups and MSMEs. Spanning nine floors, it features 24 incubation labs and office spaces. With six MOAs signed and 50 technology transfers completed, the facility strengthens India’s push for innovation, research commercialisation, and self-reliance.
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India’s office market is set for record absorption, with net leasing projected to grow 10-11% in FY2025 to 59-60 million sq. ft., according to ICRA. Vacancy rates will remain stable, while retail leasing will grow 7-9%. Rising demand from GCCs, corporates, and resilient economic factors continue to drive expansion.
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