🏢 Smartworks Leases 1.66 Lakh Sq Ft to Wolters Kluwer in Pune’s Kalyani Nagar, Strengthens Enterprise-Focused Growth

Smartworks has signed a major ~1.66 lakh sq ft lease with Wolters Kluwer in Pune’s Kalyani Nagar, reinforcing its leadership in managed office campuses and accelerating enterprise-driven growth across India.

India Leads the World: Home to Over 50% of Global Capability Centers

India has emerged as the undisputed global leader in the Global Capability Center (GCC) ecosystem, hosting over 1,700 centers — more than half of the world’s total. Major metros like Bengaluru, Hyderabad, and NCR lead the charge, while Tier-2 cities gain momentum, powered by policy support and rising infrastructure.

India’s Office Market Poised for Strong Growth in 2025, Led by Engineering, BFSI, and Flex Spaces

Office leasing in India is projected to reach 65-70 million sq ft in 2025, led by engineering, BFSI, and flex spaces. Bengaluru will remain the top market, with over 20 million sq ft of demand, followed by Hyderabad and Delhi-NCR at 10-15 million sq ft each. The expansion of Global Capability Centers (GCCs) and a shift towards sustainable office spaces will further drive growth.