Commercial real estate in India turns green driven by demand from GCCs and IT firms

The growing demand for green-certified office spaces is reshaping the commercial real estate market, with nearly all REIT stock now rated green

The country’s commercial real estate sector is experiencing growing demand for certified green buildings. Tenants, particularly global capability centres (GCCs) and IT/IT-enabled services (ITeS) companies, which collectively account for 50-60% of net office leasing, are increasingly seeking sustainable, eco-friendly spaces.

This shift is driven by rising environmental compliance requirements and heightened awareness of sustainability, according to rating agency CRISIL on February 25. Read more

‹ Bengaluru airport unveils greenfield domestic cargo terminal

Bengaluru annual office rents to rise by 4 to 4.5% until 2026 ›

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I'm the voice behind Open House. The pursuit of excellence has been the guiding principle of my life, driving me to continuously strive toward my fullest potential to achieve maximum impact.

Let's Connect Deeper

I'm the voice behind Open House. The pursuit of excellence has been the guiding principle of my life, driving me to continuously strive toward my fullest potential to achieve maximum impact.

Let's Connect Deeper

I'm the voice behind Open House. The pursuit of excellence has been the guiding principle of my life, driving me to continuously strive toward my fullest potential to achieve maximum impact.