The recently released CBRE-CII joint report titled ‘Indian Real Estate: Taking Giant Strides - 2023 Mid-Year Outlook’ highlights the growing focus of developers and occupiers on sustainability, green-certified office stock in India, which has increased by over 36% since 2019 to about 342 mn. sq. ft. across top six cities in India. Bangalore, Delhi-NCR, and Mumbai are among the top 3 cities spearheading green-compliant office spaces with a cumulative share of ~68% of the total, green-certified office stock in India as of June’23. Certified green office stock also increased substantially, growing at a CAGR of ~7.1% in the last ~5 years.
Enhanced focus on global and domestic Environmental, Social and Governance (ESG) regulations are driving occupiers’ flight-to-quality wave towards modern, premium, and sustainable spaces in the medium to long-term. Sustainable building features and operations are increasingly becoming the most sought-after building attributes. As per the report, Bangalore tops all Indian cities with the highest green-compliant office stock, accounting for ~30% of the total pan-India stock, followed by Delhi-NCR with ~21% and Mumbai with ~17% of the total certified office stock in India as of June ’23. Green office stock in Hyderabad accounts for ~15%, Chennai 9%, and Pune 8% of the total pan-India stock.
Global and domestic occupiers are prioritizing sustainability and have committed to targets with far-reaching impact. Global and national mandates, including the Corporate Sustainability Reporting Directive (CSRD), Enhancement and Standardization of Climate-related Disclosures, and India’s Business Responsibility and Sustainability Reports (BRSR), push occupiers to continue leasing in next-generation, green-certified office spaces.
Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, “As the economy gains momentum and the real estate sector thrives, there is a growing emphasis on ESG and its compliance. We anticipate accelerated demand in modern, tech-enabled, and green-compliant spaces in the upcoming quarter. Additionally, we also expect alternative segments such as GCC’s, data centres and flexible workspaces to play a pivotal role in bolstering real estate growth.”

CorporatEdge Launches New Centre at World Trade Center, Delhi
CorporatEdge, India’s leading provider of ‘Offitels’ — a unique blend of five-star hospitality and premium workspaces — has expanded its presence in the National Capital Region with the launch of its latest centre, The India Centre

Green Office Inventory to Reach ~ 700 Million Sq Ft in Next 2-3 Years: CREDAI-Colliers
The role of the real estate sector is particularly vital in embracing sustainability across the value chain, amid rising environmental awareness, stricter regulations, and the accelerating pace of green building adoption in the country.

Saptashree Group Launches AI Thane – India’s First AI-Powered Commercial IT Park
Saptashree Group has announced the launch of AI Thane, the country’s first AI-powered commercial IT park, located in the thriving business district of Wagle Estate, Thane. The project is designed to integrate AI into everyday business

Knowledge Center: A One-Stop Destination for Architects, Designers, and Design Studios
Knowledge Center (KC), India’s largest new-age ecosystem dedicated exclusively to the construction and design industry, is coming up in Gurgaon. Strategically located at M3M Broadway on Golf Course Extension Road, the Knowledge

Morphogenesis Expands into Design & Build with Morpho Dimensions
Morphogenesis has launched its new design and build company, Morpho Dimensions, which aims to democratize workspace interiors by making high-quality, bespoke office designs accessible to businesses of all sizes.

Interarch Partners with JSPL to Advance Steel Construction in India
Interarch Building Solutions Limited has announced a strategic partnership with Jindal Steel & Power Ltd (JSPL). This partnership is set to redefine India’s urban infrastructure by promoting the use of steel as the preferred material

Elite Elevators Launches Bespoke – India’s First Fully Customizable Home Elevator
To cater to the rising demand for home elevators in multi-story houses and apartments, Elite Elevators has launched Elite Elevators Bespoke—India’s first fully customizable, luxury home elevator. The grand unveiling took place at the

Wadhwa Wise City Honoured with 'Best Integrated Township' Award
The Wadhwa Group’s flagship Township project, Wadhwa Wise City, has been conferred with the prestigious 'Best Integrated Township' Award at the 12th Edition of the Real Estate Business Excellence Awards 2025, presented by CNBC-TV18

Morphogenesis Expands Into Design & Build with Morpho Dimensions
Morphogenesis has announced the launch of its new design and build company, Morpho Dimensions. The firm aims to democratize workspace interiors by making high-quality, bespoke office designs accessible to businesses of all sizes.

DESIGN 2030 Conference Explores Sustainable Urban Futures
The DESIGN 2030 International Multidisciplinary Conference concluded on March 22 at Knowledge Center (KC) in M3M Broadway. Organized by KR Mangalam University’s School of Architecture and Design, the two-day event brought together