Awfis, India’s largest and first publicly listed workspace solutions provider, has partnered with global management consulting firm Zinnov for the 18th edition of Zinnov Confluence 2025, a flagship event spotlighting the transformation of Global Capability Centres (GCCs).

This strategic alliance positions Awfis at the forefront of India’s evolving GCC landscape, showcasing its role as an innovation enabler and trusted infrastructure partner for global enterprises expanding operations in India.

Strengthening the GCC Ecosystem

Awfis is doubling down on its support for global organizations looking to build and scale their GCCs across India. With expertise in workspace design, execution, and management, the company has become the go-to partner for top-tier corporates and multinational firms.

Notably, 60% of Awfis’ clientele today includes GCCs, large corporates, and multinationals. Recently, Awfis onboarded leading players such as Zinnov, Meltwater, and ABC Fitness at its premium centres in Hyderabad.

Elite by Awfis: Designed for Global Enterprises

The company’s premium offering, “Elite by Awfis”, is specifically curated to meet the sophisticated infrastructure and service expectations of GCCs. It offers a high-end, agile, and collaborative workspace experience that supports the rapid scaling and evolution of enterprise operations.

“We are seeing a shift from fixed real estate to outcome-driven workspace models,” said Amit Ramani, CMD, Awfis Space Solutions Ltd. “Our partnership with Zinnov underlines our focus on enabling transformation through flexibility and innovation.”

Zinnov’s Vision: Workspaces as Strategic Growth Enablers

Zinnov has advised over 195 global enterprises in establishing and scaling GCCs, transforming them from execution hubs into value-creating centres. The collaboration with Awfis at Confluence 2025 signals a shared belief in agile, innovation-led work environments as key to unlocking enterprise potential.

“Workspaces are no longer just physical assets. They’re strategic tools merging design, psychology, and innovation,” said Nitika Goel, Managing Partner & CMO, Zinnov. “Awfis understands how to build environments that amplify talent and accelerate business outcomes.”

GCC Market Growth and Awfis’ Expansion

With the Indian GCC sector projected to grow from $46 billion to $85 billion by 2030, Awfis is rapidly expanding its footprint in key metros — Hyderabad, Bengaluru, Pune, Mumbai, and Delhi. Through a diversified portfolio including Awfis, Awfis Gold, and Elite, the company is uniquely equipped to support GCCs at every growth stage in their India journey.

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Unprecedented Growth in Flexible Workspaces

Flexible workspaces, which include business centers, co-working spaces, and managed offices, now account for 14% of India’s total office leasing activity (89 MSF). Bengaluru led the market with 3.4 MSF of leasing volume, almost doubling its 2023 figures. Meanwhile, Mumbai recorded a 3x YoY increase, reaching 1.9 MSF, underscoring the growing appeal of flexible workspaces in India’s financial capital. Delhi NCR, Hyderabad, and Pune also emerged as key hubs, with leasing volumes of 2.3 MSF, 1.6 MSF, and 1.6 MSF, respectively.

Corporate Demand Fuels Surge in Flex Seat Leasing

In addition to office space leasing by operators, companies leased approximately 2.2 lakh seats from flexible workspace operators in 2024, a 44% jump from 2023’s 1.56 lakh seats. Bengaluru led the segment, accounting for 29% (~64,000 seats) of total flex seat leasing, followed by Pune (39,000 seats), Delhi NCR (38,000 seats), and Mumbai (28,000 seats).

The IT-BPM sector dominated flex seat leasing with a 48% share, followed by engineering and manufacturing (17%), BFSI (10%), and professional services (6%), indicating a diverse occupier mix across industries.

Key Drivers Behind the Demand

The significant growth in the flexible workspace sector can be attributed to:

• Evolving Business Needs: Companies are prioritizing operational flexibility and cost efficiency amid changing work dynamics.
• Hybrid Work Models: A shift toward hybrid setups has increased the need for managed office solutions.
• Expansion of Global Capability Centers (GCCs): New entrants and expanding companies are driving demand for premium flexible office spaces.
• Core+Flex Strategy Adoption: Large enterprises are increasingly combining traditional offices with managed workspaces to optimize costs and operations.

Industry Experts Weigh In

Commenting on the sector’s rapid expansion, Ramita Arora, Managing Director – Bengaluru & Head – Flex, India, Cushman & Wakefield, said:

“With new companies entering India and existing firms prioritizing flexibility and cost-effective solutions, the demand for managed office spaces continues to surge. Flexible workspaces now account for 14% of India’s total office leasing, firmly establishing them as a mainstream real estate solution.”

She further noted that Grade A and A+ assets will continue to see strong demand from leading managed space operators, with enterprises prioritizing best-in-class amenities, sustainability, and technology integration.

Outlook for 2025 and Beyond

The flexible workspace sector is expected to maintain strong growth in 2025, with global enterprises expanding their Core+Flex strategies. As demand for premium managed spaces rises, operators are focusing on customization, end-to-end services, and sustainability-driven solutions to cater to evolving corporate needs.

With a record-breaking 2024 and strong momentum heading into 2025, India’s flexible workspace sector is set to play a crucial role in shaping the future of office real estate.

Also Read: ANAROCK Acquires Flexible Workspaces Platform myHQ

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