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

India’s surge in Global Capability Centres is fueling a parallel rise in flexible workspaces. WeWork India and Awfis now earn 35–45% of revenue from GCC clients, as multinationals shift to fast-scaling micro-hub models. Operators are rapidly expanding stock, betting that GCCs will drive nearly half of new flex demand by 2027.
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India’s NCR is seeing steady office rent growth as highways, metro extensions, RRTS, and new airports open up fresh business corridors. Logistics hubs and new micro-markets are attracting corporates and startups looking for access and affordability. Greater Noida, boosted by expressways, the Aqua Line, and Jewar airport, shows how infrastructure is lifting values.
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India recorded 19.69 million square feet of office absorption in Q3 2025, the second-highest quarter on record. Southern cities accounted for 50% of the demand, with Bengaluru, NCR, and Mumbai leading in terms of volumes. New supply reached 16.1 million sq ft, with Pune and Chennai leading the way. BFSI rose, flex remained strong, and leasing diversified geographically.
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India’s top six cities saw a 26% jump in new office supply to 16.1 msf in Q3 2025, led by Pune. Absorption rose 6% to 19.69 msf as GCC demand stayed strong, Vestian said. Select markets cooled, but developers and REITs expanded via greenfield and brownfield routes across key clusters.
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Zomato has leased 270,000 sq. ft. at Intellion Park, Gurugram, and is in advanced talks for about 1 million sq. ft. more, with a potential to double. NCR’s Q3 gross leasing hit 5.1 million sq. ft., led by Gurugram. SEZ denotifications are freeing prime supply, while vacancy fell alongside robust new additions.
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India absorbed 19.69 mn sq ft of office space in Q3 2025, up 6% YoY and 5% QoQ. Bengaluru, NCR and Mumbai led demand as GCCs, BFSI and flex operators expanded. The new Grade A supply reached 16.1 million square feet. Vestian expects “robust absorption” and diversified occupier demand to sustain momentum.
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