Colliers’ latest global report, Building Resilience: 5 Megatrends Redefining Corporate Real Estate, has identified India as a key growth engine in the Asia Pacific region, driven by AI-enabled workforces, demographic shifts and energy security.

The report said rapid digitalisation, rising AI adoption, demand for large language models and government support could expand India’s AI market from over USD 9 billion to more than USD 500 billion in the coming decades. India is also expected to remain a preferred destination for global firms due to competitive rentals, lower living costs and a large young talent pool.

India’s demographic advantage further strengthens its office market outlook. With a median age of around 29 years and 2–3 million STEM graduates added annually, the country accounts for about one-third of global skilled talent availability. Bengaluru, Hyderabad, Delhi NCR, Chennai, Mumbai and Pune rank among the top technology talent markets in APAC.

Arpit Mehrotra, Managing Director, Office Services, India, Colliers, said India’s young workforce, rental arbitrage and deepening Global Capability Centre capabilities in R&D, AI, machine learning and cloud computing will continue to support office demand.

The report also highlighted India’s sustainability progress, with green-certified buildings accounting for nearly two-thirds of Grade A office stock. Over 420 million sq ft of Grade A office buildings older than 10 years present retrofitting potential worth more than USD 5 billion.