India’s flex office segment is expected to grow from the current $3-4 billion to $9-10 billion by 2028, driven by the rapid expansion of Global Capability Centres (GCCs). With over 1,850 GCCs currently employing around 2.2 million professionals, the segment is estimated to add 80,000-120,000 seats annually, creating an employment opportunity worth $170-254 million each year.

Bengaluru’s office market continues to expand with a supply contribution of 26 percent. With a new office supply of 25 million sq ft of which 25 percent is already pre-leased, the city is considered a powerhouse in the commercial real estate market. Due to Bengaluru’s office market, the city is witnessing a growing demand for corporate spaces.

Embassy Office Parks REIT has acquired a 3 lakh sq ft office property for Rs 852 crore, located in Embassy GolfLinks Business Park, Bengaluru. The company, being India’s first publicly listed REIT, represents an impressive portfolio of owning and operating 14 office parks in major cities.

GNIDA offers 37 commercial plots under two categories of FAR-2 and FAR-4 with its Phase-1 expecting to finish in 3 years. With the development of this project, it aims to expand the significance of commercial spaces in Greater Noida because of their growing demands.