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

Premium office spaces in Bengaluru, Hyderabad, and Delhi NCR continue to attract the bulk of GCC investment, according to NTT DATA’s latest report. While Tier II cities gain traction due to cost and talent advantages, challenges around infrastructure, skilled talent, and AI readiness remain key factors shaping India’s evolving GCC ecosystem.
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India’s commercial real estate market is becoming increasingly REIT-focused, with over 415 million sq ft of office space across Bengaluru, Mumbai, Delhi-NCR, Chennai, Hyderabad, and Pune now REIT-eligible. SEBI’s new rules classifying mutual fund and SIF investments in REITs as equity instruments are expected to enhance liquidity and participation by institutions.
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Incuspaze has expanded its ‘Your Office, Your Way’ OOH campaign to Chennai, targeting enterprise occupiers, GCCs, and decision-makers in high-traffic business zones. Building on its successful Bengaluru activation, the brand aims to reinforce its leadership in managed offices. The campaign emphasizes flexibility, scalability, and tailored workspace solutions aligned with Chennai’s growing corporate demand.
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NCR’s commercial real estate market entered a consolidation phase in 2025, led by Gurugram’s strong performance. Record office leasing driven by GCCs, IT firms, and flexible workspace operators, combined with tightening Grade-A retail vacancies, reinforced the city’s position as NCR’s most resilient, scalable, and future-ready commercial real estate hub.
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India’s office market set a new benchmark in 2025 with net leasing reaching 55.16 million sq ft across the top seven cities. Led by GCCs and coworking demand, the market saw rising rentals, easing vacancies, and steady supply growth, highlighting strong occupier confidence despite global challenges.
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IBM India has leased nearly 1.62 lakh sq. ft. at Embassy Golflinks Business Park in Bengaluru, signalling sustained demand for Grade A office spaces. The transaction highlights the city’s dominance in India’s commercial real estate market, driven by large-format corporate leasing and long-term occupier confidence.
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