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

Bajaj Alternate Investment Management has raised around ₹950 crore in the initial close of its maiden real estate fund, with a target corpus of ₹2,000 crore. The fund will invest in Grade A commercial office developments through equity joint ventures with established developers across selected Indian markets.
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India has risen five places to 26th in JLL’s 2026 Global Real Estate Transparency Index. Cross-border investment reached a 20-year high of $8.1 billion, while office REIT stock rose 58%. Further reforms could determine India’s ability to attract capital into data centres and AI infrastructure.
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Blackstone’s India strategy has evolved from limited market exposure to majority or equal-control investments across IT services, commercial real estate and manufacturing. President Jon Gray says India is now the firm’s strongest private equity market globally. The shift highlights how institutional investors are approaching India’s office and real estate sectors.
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Real estate emerged as India’s fastest-growing services sub-sector in June 2026, expanding 24.7% year on year, according to MoSPI. Retail, wholesale, IT and administrative services also posted strong gains. The performance comes as India’s Q1 FY27 GDP growth reached 7.8%, highlighting resilient economic activity despite global uncertainties.
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Rahul Arora has stepped down as Senior Managing Director at JLL India after nearly ten years, marking the end of a significant leadership tenure. His departure comes as India’s commercial real estate advisory sector becomes more institutional, creating fresh opportunities for specialist advisory firms amid sustained office leasing demand and market expansion.
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Global institutional investors plan to deploy nearly USD 144 billion into commercial real estate in 2026, led by offices, logistics, and living sectors. India is emerging as a strategic market, supported by strong occupier demand, high-quality office stock, and scalable partnership opportunities. Core and Core-plus strategies dominate the investment approach.
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