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GCCs

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India’s flex workspace stock across the top seven cities is expected to cross 100 million sq ft by 2027, with penetration rising to 10.5%, driven by strong enterprise demand, GCC expansion, and rapid growth in Bengaluru, Pune, and Chennai.

Net Office Leasing in India to Cross 50 Million sq ft in FY26

India’s Grade A office leasing market is poised for a historic high, with net leasing expected to cross 50 million sq ft in FY26, according to CRISIL Ratings. Strong demand from GCCs, BFSI, and flex operators, along with prudent leveraging by developers, is set to improve vacancy rates, cash flows, and credit metrics across the commercial real estate sector.
India’s flex workspace stock across the top seven cities is expected to cross 100 million sq ft by 2027, with penetration rising to 10.5%, driven by strong enterprise demand, GCC expansion, and rapid growth in Bengaluru, Pune, and Chennai.

This City in the Country Holds the Highest Vacant Office Stock in India

This City holds the highest vacant office stock in India, reaching 28 million square feet in Q1 2025. While demand for office space remains robust across major cities, new supply and absorption trends show a dynamic real estate landscape, with Bengaluru, Mumbai, and Pune leading in absorption. This article provides an in-depth analysis of the office market in India, highlighting key trends and data from Q1 2025.
Office real estate

GCCs to Drive 40% of Demand for Grade A Office Space in India

Colliers report projects that Global Capability Centers (GCCs) will drive almost 40% of the demand for Grade A office space in India in the coming years. The report highlights the increasing role of GCCs, engineering, and BFSI sectors in the office space market, with major cities like Bengaluru, Hyderabad, Chennai, and Pune showing significant growth. ESG considerations are also shaping demand, with a substantial portion of office space expected to be green-certified.