Strong Financial Performance Across Metrics

Awfis’ profitability metrics also saw significant improvement during the year. Operating EBITDA rose 37% year-on-year to ₹550 crore, with margins expanding to 36.8%, reflecting better scale efficiencies, a higher share of mature centres, and improved operating leverage.

Net profit (PAT) stood at ₹71 crore in FY26, registering a 66% year-on-year growth. The company also achieved a Return on Capital Employed (ROCE) of over 60%, positioning it among the most capital-efficient players in the listed flexible workspace segment.

On a quarterly basis, Q4 FY26 continued the growth trajectory. Revenue stood at ₹410 crore, up 21% year-on-year, while EBITDA rose 31% to ₹152 crore. Net profit more than doubled to ₹23 crore, reflecting a 107% year-on-year increase.

Balance Sheet Strength and Capital Efficiency

The company maintained a strong balance sheet, with a net cash position and a negative net debt-to-equity ratio of -0.20x. Its interest coverage ratio stood at 11x, indicating healthy financial stability.

Awfis also reported a revenue-to-gross fixed assets ratio of 1.5x, one of the best in the industry, underscoring efficient asset utilization.

Rapid Network Expansion Across India

Operationally, Awfis expanded its footprint significantly during FY26. The company now operates 266 centres with a total capacity of approximately 1.84 lakh seats across 18 cities.

During the year, it added nearly 30,000 seats across 41 new centres, all within Grade A and A+ commercial spaces located in high-demand micro-markets. This expansion strategy has helped the company strengthen its presence in key urban clusters and build strong network effects.

Enterprise and GCC Demand Driving Growth

A major driver of Awfis’ growth has been its increasing focus on enterprise clients. Large enterprises and multinational corporations (MNCs) now account for 64% of its client base.

The company has also seen strong traction from Global Capability Centres (GCCs), with over 100 such clients contributing approximately 23% of rental revenue. Notably, large-format deals continue to dominate, with clients occupying over 500 seats accounting for 37% of the portfolio.

Interestingly, even within smaller seat categories, enterprise demand remains strong, with nearly half of sub-100 seat clients being large corporations.

High Occupancy and Stable Revenue Visibility

Awfis reported a mature occupancy level of 84%, with an overall blended occupancy of 76%. The company’s average client tenure stands at 37 months, with a lock-in period of 26 months, ensuring stable and predictable cash flows.

Additionally, 48% of its clients operate across multiple centres, highlighting strong client retention and stickiness.

Premiumization Strategy Gains Momentum

The company is also accelerating its premiumization strategy. It currently operates 35 premium ‘Elite’ and ‘Gold’ centres and has introduced upgraded formats such as Gold 2.0 and Awfis 6.0.

Over 60% of its new supply has been secured through partnerships with institutional landlords, further strengthening its asset quality. Awfis has also achieved a significant milestone by becoming the first coworking brand in India to receive three simultaneous WELL certifications, reinforcing its focus on health-centric and sustainable workspaces.

Outlook

With rising demand for flexible workspaces, increasing enterprise adoption, and the expansion of GCCs in India, Awfis appears well-positioned to sustain its growth momentum. Its strong financial performance, scalable business model, and focus on premium assets are likely to support continued expansion in the evolving office real estate landscape.

Also Read: Awfis partners with Nucleus Office Parks to launches Awfis Gold Centre in Mumbai

The post Awfis Posts Record ₹1,493 Cr Revenue in FY26 on Strong Coworking Demand Surge appeared first on Square Feat India.

The report highlights that multinational corporations—especially from the United States, Europe, and the United Kingdom—are increasingly using India not just as a cost-efficient outsourcing hub but as a strategic base for innovation, research, and advanced operations. This structural shift is expected to significantly boost leasing activity across India’s top seven office markets: Bengaluru, Mumbai, Delhi-NCR, Hyderabad, Chennai, Pune, and Kolkata.

Strong Economic Tailwinds Supporting Growth

India’s macroeconomic outlook is reinforcing investor confidence. The International Monetary Fund recently revised the country’s 2026 GDP growth forecast upward from 6.1% to 6.3%, while projecting 6.5% growth for 2027. Analysts attribute this to robust domestic demand and progress on bilateral trade agreements with key economies such as the US, EU, UK, and France.

These agreements—covering tariff reductions, improved market access, and sector-specific policy easing—are expected to strengthen India’s export competitiveness and encourage foreign companies to scale up their operations locally. Sectors expected to benefit the most include:

• Technology & digital services
• Banking, Financial Services and Insurance (BFSI)
• Engineering & manufacturing
• Consulting and professional services

GCC Leasing on Track to Hit 40 Million Sq Ft Annually

According to Arpit Mehrotra, Managing Director, Office Services at Colliers India, GCC leasing could soon reach 35–40 million sq ft annually, accounting for 40–50% of total office demand.

Since 2020, GCCs have leased about 117 million sq ft, or roughly 38% of India’s total Grade A office absorption. Their annual uptake has nearly doubled—from about 16 million sq ft in 2020 to nearly 30 million sq ft in 2025—reflecting sustained expansion.

US-headquartered firms have dominated activity, contributing nearly 70% of GCC leasing since 2020. However, this dominance is expected to moderate as European and British firms expand their presence.

Distinct Regional Demand Patterns Emerging

The report identifies differing sector preferences among GCC investors:

• US companies: Technology-led demand (47%), followed by BFSI (21%)
• EU companies: Strongly anchored in engineering & manufacturing (~60%)
• UK companies: More diversified, led by BFSI (29%) and consulting (23%)

These trends indicate a broadening occupier mix, reducing reliance on a single sector and strengthening market resilience.

Trade Deals to Accelerate Office Expansion

Tariff reductions and market access provisions under proposed trade agreements are expected to spur corporate expansion. Examples cited include:

• Potential elimination of tariffs on US industrial goods
• EU tariff cuts on machinery, steel, chemicals, and pharmaceuticals
• Reduced auto duties under quota systems for multiple partners

Such measures could make India more attractive as both a manufacturing base and services hub, prompting multinational firms to establish or enlarge capability centres.

From Back Offices to Innovation Hubs

“GCCs will continue to anchor India’s office demand and support diversification of occupiers,” said Vimal Nadar, National Director and Head of Research at Colliers India. He added that while technology will remain a key driver, BFSI and engineering firms could together account for 40–50% of leasing demand in 2026.

This transformation reflects a broader shift: GCCs are no longer transactional support units but high-value hubs handling product development, AI, analytics, and engineering functions. India’s deep talent pool and cost advantages continue to reinforce its appeal as a global operations base.

Also Read: South India’s Data Centre Market to Witness 65% Capacity Growth by 2030

The post GCC Boom Set to Power India’s Office Market: Global Firms May Drive Up to 50% Demand Surge appeared first on Square Feat India.

According to Vestian Research, GCCs emerged as the single largest growth engine for India’s office sector, accounting for 45% of total pan-India office absorption in 2025, up from 41% a year earlier. In absolute terms, GCC-led leasing touched 34.9 million sq ft, marking a robust 20% year-on-year increase.

This surge helped push total office absorption to a record 78.2 million sq ft, the highest ever recorded in a single calendar year. Overall absorption grew 11% year-on-year, underscoring the resilience of India’s commercial real estate market even as global macroeconomic and geopolitical challenges persisted.

GCC Momentum Lifts Overall Market Performance

Strong demand from GCCs—supported by a favourable policy environment, India’s deep talent pool, and continued restrictions around the H1-B visa—played a pivotal role in sustaining leasing activity across major cities. Developers responded swiftly, accelerating construction to meet demand.

As a result, new office completions rose 8% year-on-year to 55.5 million sq ft, also an all-time annual high. Importantly, demand continued to outpace supply.

Vacancy Rates Decline Sharply

With absorption significantly exceeding new supply, occupancy levels improved across the country. The pan-India vacancy rate fell by 310 basis points, declining from 13.9% in 2024 to 10.8% in 2025.

Vacancy corrections were visible across most major office markets, ranging from marginal improvements of 0.1% to sharp declines of nearly 6%. Pune was the sole exception, where vacancy levels increased by 4.6% due to substantial supply additions of nearly 12 million sq ft during the year.

City-wise Performance: Bengaluru Leads, NCR Surges

Bengaluru retained its position as India’s largest office market, recording 20.3 million sq ft of absorption, a 15% annual increase. Mumbai followed closely with 14.8 million sq ft, registering a strong 17% growth, despite a sharp drop in new completions.

One of the standout stories of 2025 was NCR, where office absorption jumped 34% year-on-year to 11.9 million sq ft. Even more striking was the surge in GCC activity—GCC absorption in NCR rose from just 1.6 million sq ft in 2024 to 5.3 million sq ft in 2025, increasing their share of city-wide leasing from 18% to 45%.

Sectoral Diversification Adds Depth

While the IT–ITeS sector continued to dominate, accounting for 38% of total office absorption, demand became increasingly diversified. BFSI and flex space operators each contributed 14%, reflecting broader occupier participation.

Notably, GCCs accounted for more than half of IT–ITeS leasing activity, contributing nearly 60% of the total area transacted by the sector in value terms. Beyond technology, growing demand from BFSI, healthcare, engineering, R&D, and flex operators added resilience to the market.

Outlook: GCC Share to Cross 50% by 2026

Office absorption in India has followed a steady upward trajectory—rising from 61 million sq ft in 2023, to 70 million sq ft in 2024, and nearly 80 million sq ft in 2025. At the current pace, Vestian expects absorption to reach 85–90 million sq ft by 2026.

Crucially, GCCs are expected to play an even bigger role. Their share of total absorption, which rose to 45% in 2025, is projected to exceed 50% by 2026, cementing India’s position as a global hub for capability centres.

As Vestian notes, sustained GCC demand, robust economic fundamentals, and a growing preference for Grade A and green-certified office spaces are likely to keep leasing momentum strong, even amid global uncertainty.

Also Read: Mumbai’s Office Market Shines as India’s Workspaces Expand Beyond Traditional Hubs

The post GCCs Power India’s Office Market to an All-Time High in 2025 Despite Global Headwinds appeared first on Square Feat India.

This trend is rapidly reshaping India’s flex office market, pushing operators to upgrade quality, location, and sustainability standards.

What Are GCCs and Why Do They Matter?

GCCs are global companies’ offshore centres that handle critical business functions such as IT, R&D, finance, and operations. Over the past few years, India has emerged as a top destination for these centres due to skilled talent, cost efficiency, and a large domestic market.

As of 2025:

• India hosts 1,750+ GCC companies
• Operating from nearly 3,800 locations
• GCCs accounted for over 40% of total office space demand in the last two years

Their scale and long-term presence make GCCs one of the most influential occupiers in India’s office market today.

Flex Offices Become the Preferred Choice

Flexible workspaces — which offer plug-and-play offices with shorter leases and scalability — are increasingly preferred by GCCs, especially during expansion and pilot phases.

Key highlights:

• 475+ flex centres currently host GCC bases
• These centres are spread across major Tier-1 cities
• Flex operators benefit from GCCs’ need for speed, flexibility, and enterprise-grade infrastructure

This growing reliance has made GCCs a driving force behind the premiumisation of flex offices.

GCCs Push Green and Grade-A Office Adoption

Vestian’s data shows a clear quality gap between overall flex stock and GCC-occupied flex spaces:

• 42% of all flex centres are green-certified
• 62% of GCC flex bases operate from green-certified centres

Similarly:

• 69% of flex centres are located in Grade-A buildings
• 85% of GCC flex bases operate from Grade-A buildings

In simple terms, GCCs demand better buildings than the average flex user, forcing operators to upgrade.

Which Cities Are Leading the Green Flex Trend?

City-wise data shows strong adoption of premium flex spaces by GCCs:

• Mumbai: 98% of GCC flex bases are in Grade-A buildings
• Hyderabad: 94% in Grade-A, 72% in green-certified centres
• NCR: 81% of GCC flex bases operate from green-certified centres
• Bengaluru: Leads in absolute flex stock and GCC presence

Interestingly, Kolkata has the highest share of green-certified flex centres overall, but GCC adoption there remains limited compared to larger IT hubs.

Why GCCs Prefer Peripheral Business Districts

Rather than expensive central business districts, GCCs are increasingly choosing Peripheral Business Districts (PBDs).

Why?

• Better connectivity
• Lower rentals
• Larger office campuses
• Easier scalability for future expansion

As a result:

• 77% of flex space occupied by GCCs is located in peripheral zones
• Compared to 61% of overall flex stock

This shift is helping develop new office corridors across major cities.

India’s Flex Office Market Is Growing Fast

India’s flex workspace market has scaled rapidly:

• 82.3 million sq ft of flex space
• Spread across 1,400 centres
• Top 10 operators control 67% of total stock

City-wise flex stock share:

• Bengaluru: 33.2%
• NCR: 20.4%
• Pune: 14.7%
• Hyderabad: 12.4%

With rising GCC demand, India’s flex stock is projected to cross 100 million sq ft by 2026.

What This Means for India’s Office Market

Experts believe flex operators will play a central role in India’s GCC growth story.

According to Vestian CEO Shrinivas Rao, flex spaces offer global companies:

• Faster market entry
• Operational flexibility
• Enterprise-grade and compliant infrastructure

With India’s economy expected to grow over 7% in FY26, and global companies increasingly prioritising sustainability and agility, flex workspaces are well positioned to become a core part of India’s office ecosystem, not just a temporary solution.

Also Read: Flex Office Stock to Cross 100 Million Sq Ft by 2027; Penetration to Exceed 10%

The post Why Global Companies Are Choosing Green Offices in India’s Flex Workspaces appeared first on Square Feat India.

As India’s commercial office market rides a wave of record-breaking leasing, Mumbai Metropolitan Region (MMR) has carved out a dominant position as the country’s leading hub for BFSI Global Capability Centers (GCCs), according to a new report by JLL.

While Bengaluru retains the lion’s share (40%) of GCC leasing since 2022, Mumbai has clearly emerged as the financial services anchor, thanks to its legacy as India’s banking capital and its mature commercial infrastructure.

Mumbai’s GCC Snapshot

“Mumbai is the undisputed leader when it comes to BFSI-focused GCCs,”
said Rahul Arora, Senior MD, JLL India.
“The city’s historical banking and finance legacy, coupled with a maturing digital ecosystem, has made it the go-to location for global financial institutions looking to scale their India operations.”

Mumbai: Banking on BFSI GCCs

As per JLL’s findings:

• Mumbai leads in BFSI GCC leasing volume across India.
• Companies prefer the city for its access to financial regulators, proximity to HQs, and abundance of finance professionals.
• Demand is especially strong from multinational banks, insurance companies, asset management firms, and digital finance players setting up innovation centers.

Core Corridors Fueling Growth

Across these corridors, JLL reports that 65–98% of GCC activity is concentrated in high-grade office parks offering ESG-compliant, tech-enabled campuses with excellent infrastructure.

BFSI & Beyond: Mumbai’s Expanding Role

Although BFSI is the core driver, Mumbai is also witnessing:

• Gradual growth in consulting and legal services GCCs
• Fintech R&D centers targeting digital banking innovations
• Uptick in shared services hubs supporting global operations

This evolution highlights Mumbai’s growing role as a multi-sectoral innovation hub, not just a financial capital.

Market Comment

“The maturity of MMR’s office ecosystem, policy support for financial innovation, and talent availability give it a long-term edge,”
noted Dr. Samantak Das, Chief Economist & Head of Research, JLL India.
“As BFSI firms modernize their global operations, MMR will remain a core GCC destination, especially for high-value financial and compliance services.”

India-Wide GCC Momentum – MMR Stays Ahead

• India GCC leasing (2022–H1 2025): ~230 million sq. ft.
• GCC share in total leasing: 35.4%
• BFSI + ER&D (2024–H1 2025): 51.5% of all GCC leasing
• Mumbai BFSI GCCs: Among highest leasing share, surpassing Chennai and Hyderabad in this segment

Outlook for MMR

Also Read: MMR Saw 16,510 Launches in Q3 of 2021, 140% Increase from Q2

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Macro View (Top 7 Cities vs High‑Activity Markets)

Source: Colliers Research

Top 15 High‑Activity Micro Markets

Green micro markets indicate sub‑dollar rentals (~ INR 90/sf/mo).

Why These Markets Matter

• Demand & Supply Scale: Each micro market averages ≥ 1 msf annual demand and supply; collectively forecast to drive 80%+ of India’s future office activity.
• REIT Potential: With 488 msf REIT-worthy nationally, 56% lies within top 10 micro markets, and 72% of their Grade A stock is ready for REIT listings.
• Financial Hubs: Flexible workspace (flex) uptake in these areas soared from 1.3 msf (2020) to 7.3 msf (2024) at a CAGR of 54%; 73% of GCC leasing (~70 msf) also centered here.
• Rental & Vacancy Benefits: Premium rental zones in Mumbai and Delhi NCR enjoy sub-10% vacancies—well below ~16% national average.
• Sustainability Edge: Green-certified offices are gaining preference, providing higher occupancy and yield.

Expert Opinions

“Annual demand and supply in each of these high-activity micro markets is likely to exceed one million sq ft…”
— Arpit Mehrotra, MD, Office Services, Colliers India

“These zones will lean toward landlord-favorable terms and attract premium and green-certified developments.”
— Vimal Nadar, National Director & Head of Research, Colliers India

Mini Insights Box

• Micro Markets Count: 15 across 7 cities
• Rent Types: ~60% are near or sub‑dollar
• Flex Space Demand: 59% of national uptake in top 10 zones
• GCC Focus: 73% of leasing in top 10 markets
• REIT-Ready Inventory: 72% readiness in top 10 micro markets

Outlook

India’s office landscape is reshaping around these high-activity micro markets, which offer scale, value, and investor appeal. With sustained growth, REIT upside, flex trends, and green adoption, these zones are set to define the future of India’s commercial real estate.

Also Read: Indian office real estate performs better in Asia Pacific.

The post India’s Office Boom Narrows to 15 Hotspots appeared first on Square Feat India.

GCC Office Leasing Snapshot: Q1 2025

• Total gross leasing by GCCs: 8.35 Mn sq. ft.
• Total gross office leasing (all occupiers): 19.47 Mn sq. ft.
• GCCs’ share of total leasing: 43%
• YoY growth in GCC leasing: 72% (from 4.87 Mn sq. ft. in Q1 2024)

City-wise Gross Leasing by GCCs (Q1 Comparison)

Bengaluru leads the list with a 40% share (3.3 Mn sq. ft.), followed by Delhi-NCR with 23% (1.91 Mn sq. ft.), and Chennai with 15% (1.22 Mn sq. ft.).

Sector-wise GCC Office Leasing (Q1 2025)

While IT/ITeS continues to dominate the space, there is a visible rise in demand from BFSI and manufacturing & industrial sectors. This reflects diversification in the operational focus of new and expanding GCCs in India.

Historical Office Leasing by GCCs (Top 7 Cities)

GCC Growth Outlook: 2024 to 2030

Global Origins of Indian GCCs (2024 Data)

Key Trends Driving GCC Expansion in India

• Policy support: Union Budget incentives and state-level infrastructure schemes
• Skilled talent availability beyond metros
• Cost competitiveness in Tier 2 & 3 cities
• Diversification beyond IT/BFSI into manufacturing, e-commerce, and consulting
• Growing demand for mid-sized GCCs (1,000–2,000 employees)

As the global business environment leans toward strategic offshoring and digital transformation, India’s office space market — particularly in Bengaluru, Hyderabad, Chennai, and Delhi-NCR — continues to witness robust traction from GCCs. The industry’s expansion into Tier 2 cities like Ahmedabad, Kochi, and Coimbatore signals a broader base for growth in the coming years.

Also Read: Why Commercial Real Estate Investors Are Betting On Office Spaces

The post Southern Cities Lead GCC Office Leasing with 64% Share in Q1 2025 appeared first on Square Feat India.

Mumbai, 23rd January 2025: Net absorption of commercial office space across India’s top six markets is projected to exceed 60 million square feet (msf) in FY2026, the highest ever, according to a report by ICRA. The cities—Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR), and Pune—are expected to achieve a 3-4% increase in absorption over FY2025’s estimated 59-60 msf.

Despite a surge in new office space supply of 125-130 msf across FY2025 and FY2026, vacancy levels are anticipated to decline to 14-14.5% by March 2026, marking a multi-year low. This trend is driven by robust demand from global capability centers (GCCs), domestic corporates, increased physical occupancy in offices, and revival in IT-SEZ spaces due to regulatory changes.

“Leasing activity has remained resilient, with net absorption reaching approximately 54 msf in FY2024 and 44 msf during the first nine months of FY2025. Vacancy levels dropped by 70 basis points to 14.7% as of December 2024, compared to March 2024. By March 2026, occupancies in the top six markets are expected to reach a decade-high of 85.5-86%,” said Anupama Reddy, Vice President and Co-Group Head – Corporate Ratings, ICRA.

India’s Office Market Resilient Amid Global Slowdown

The Indian office market has defied global economic sluggishness due to its cost-effective, highly skilled workforce, a growing domestic economy, and competitive rental prices. These factors continue to attract global firms, strengthening India’s position as a preferred real estate investment destination.

ICRA expects the credit profiles of office space operators to remain stable, supported by an increase in net operating income (NOI). The debt-to-NOI ratio for operators is forecasted to improve to 3.9-4x by March 2026, compared to 4.3-4.4x by March 2025. Debt service coverage ratios (DSCR) are projected to rise to 1.45-1.5x in FY2026 from 1.35x in FY2025.

Retail Malls See Growth Amid Challenges

Retail mall operators are also expected to witness growth, with rental income projected to increase by 7-8% year-on-year in FY2025 and 8-9% in FY2026. New mall supply of 9-9.5 msf each year in FY2025 and FY2026 is expected to stabilize vacancy levels at 21% as of December 2024 and maintain occupancy rates of 79-80% through March 2026.

“Retail consumption growth is expected to moderate to 6-7% in FY2025 due to the General Elections, weather disruptions, and the impact of extended monsoons. However, a rebound is anticipated in H2 FY2025, driven by the festive and wedding seasons. Segments such as food, apparel, accessories, and hypermarkets will continue to drive growth,” added Reddy.

Despite the positive outlook, challenges persist for retail mall operators, including the growing competition from e-commerce and q-commerce platforms, which are increasingly impacting even premium brands in the fashion segment.

ICRA estimates the debt-to-NOI ratio for mall operators to improve to 4.2-4.5x by March 2026 from 4.6-4.8x in March 2025, driven by rising NOI levels. DSCR is expected to remain stable at 1.45-1.5x during FY2025-FY2026, indicating a healthy financial outlook for the sector.

Conclusion

The sustained growth in India’s office and retail real estate markets underscores the country’s resilience and potential as a global investment hub, driven by its robust economic fundamentals and growing demand for quality commercial spaces.

Bengaluru office demandAlso Read:

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The growth is driven by increased activity in sectors such as IT-BPM, BFSI, engineering and manufacturing, along with the rising influence of Global Capability Centres (GCCs). Fresh leasing is projected to account for nearly 70% of the total gross leasing volume in 2024, highlighting growing business confidence and expansion by both global and domestic players.

“The robust momentum in India’s office real estate leasing reflects the strength and resilience of the country’s business ecosystem. With increased activity in sectors like IT-BPM, BFSI, and manufacturing, we are observing sustained demand for high-quality office spaces, particularly in prime micro-markets. This not only underscores the confidence of global and domestic players in India but also indicates a long-term positive outlook for commercial real estate, driven by infrastructure developments and new supply pipelines,” said Navin Makhija, Managing Director at The Wadhwa Group.

The period from January to September 2024 alone has seen 66.7 million square feet of office leasing, signaling strong year-end numbers. This upward trend also aligns with occupiers’ growing preference for Grade A, well-located office spaces with modern amenities.

“The office real estate sector’s expected milestone of 85 million square feet this year highlights the buoyant market sentiment and increasing business activity. As occupiers prioritize top-grade, well-located office spaces equipped with modern amenities, we are seeing heightened interest from both global entities and domestic businesses,” said Shraddha Kedia-Agarwal, Director at Transcon Developers.

Key micro-markets are experiencing moderate upward pressure on rents due to this demand, particularly in prime business hubs. While consistent supply influx helps maintain a tenant-favorable sentiment, rents are expected to rise steadily in 2025.

“The record gross leasing projections for 2024 are a testament to the steady growth and recovery of India’s office real estate sector post-pandemic. The rising contribution of GCCs and domestic firms expanding their operations showcases the vibrancy of our economy and the evolving workspace dynamics,” said Abhishek Jain, COO of Satellite Developers Private Limited (SDPL).

Cushman & Wakefield’s report predicts that GCCs will account for nearly 30% of the total gross leasing volume, further solidifying their role as a key driver of demand. Tenant representation experts highlight that India’s office sector is not only recovering but transforming to meet the evolving dynamics of workspace requirements, driven by technology, flexibility, and sustainability.

The future outlook for India’s commercial real estate remains optimistic, with prime micro-markets continuing to attract both occupiers and investors. As the sector moves towards a record-breaking year, the steady growth of office leasing reflects the resilience and long-term potential of India’s real estate landscape.

Also Read: Barnsley FC Chairman Neerav Parekh and Mother Kalpana Parekh Buy Luxury Flats in Mumbai for ₹170 Crore

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