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

India’s office fit-out costs reveal a unique mix of low labour expenses and rising tech investments, according to JLL’s APAC Fit-Out Cost Guide 2025. The report highlights India’s focus on sustainable design, smart features, and cost-effective strategies, positioning the country as a standout in the Asia Pacific workplace transformation landscape.
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In 2024, India’s real estate sector saw a significant transformation, with Rs 62,000 crore needed for land development, as per JLL. Developers acquired 2,335 acres across 23 cities, with Tier II and III cities gaining traction. Residential projects dominated while evolving financing strategies shaped the industry’s growth.
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India’s office market is shifting towards modern, sustainable buildings. From 2021 to Q1 2024, 164.3 million sq ft of new Grade A spaces were added, with 71% being green-certified. Bengaluru and NCR lead in absorption, highlighting the preference for quality, amenities, and sustainability.
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India’s Q1 2024 office market showed resilience, with gross leasing surpassing 15 million sq ft, marking the second-best first quarter. Domestic occupiers led the demand, particularly in BFSI, Flex, and manufacturing sectors. Rental values rose, and Delhi NCR and Bengaluru dominated leasing activity.
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