Offshoring Industry Drives Office Space Leases

22 Apr 2024 CW Team

Companies within the offshoring sector are expanding their operations, leading to a heightened demand for office spaces in key cities like Bengaluru, Hyderabad, and Pune. With a strong emphasis on cost-efficiency and talent acquisition, these companies are strategically positioning themselves to harness India's vast pool of skilled professionals.

The offshoring boom is reshaping India's commercial real estate landscape, with developers and landlords capitalising on the growing demand for office spaces. As more multinational corporations and global players choose to outsource their operations to India, the need for quality office spaces equipped with modern amenities becomes paramount.

The offshoring industry's preference for Grade A office spaces is driving developers to focus on delivering high-quality, sustainable, and technology-enabled commercial properties. This shift towards premium office spaces not only caters to the specific requirements of offshoring companies but also elevates the overall standard of commercial real estate in India.

Furthermore, the offshoring industry's expansion is not limited to traditional office spaces alone. With the rise of remote work and flexible office solutions, co-working spaces and serviced offices are also witnessing increased demand from offshoring firms looking for agile and scalable workplace solutions.

In conclusion, the offshoring industry's growing presence in India is fuelling demand for office spaces and reshaping the commercial real estate market. As the trend continues to evolve, stakeholders across the industry are poised to adapt and capitalise on the opportunities presented by this thriving sector.

In India, the offshoring industry is experiencing a significant surge, driving demand for office spaces across the country. According to Knight Frank, over 46% of office space leases in India are attributed to the offshoring industry. This trend underscores the growing influence and importance of offshoring in the Indian market. Companies within the offshoring sector are expanding their operations, leading to a heightened demand for office spaces in key cities like Bengaluru, Hyderabad, and Pune. With a strong emphasis on cost-efficiency and talent acquisition, these companies are strategically positioning themselves to harness India's vast pool of skilled professionals. The offshoring boom is reshaping India's commercial real estate landscape, with developers and landlords capitalising on the growing demand for office spaces. As more multinational corporations and global players choose to outsource their operations to India, the need for quality office spaces equipped with modern amenities becomes paramount. The offshoring industry's preference for Grade A office spaces is driving developers to focus on delivering high-quality, sustainable, and technology-enabled commercial properties. This shift towards premium office spaces not only caters to the specific requirements of offshoring companies but also elevates the overall standard of commercial real estate in India. Furthermore, the offshoring industry's expansion is not limited to traditional office spaces alone. With the rise of remote work and flexible office solutions, co-working spaces and serviced offices are also witnessing increased demand from offshoring firms looking for agile and scalable workplace solutions. In conclusion, the offshoring industry's growing presence in India is fuelling demand for office spaces and reshaping the commercial real estate market. As the trend continues to evolve, stakeholders across the industry are poised to adapt and capitalise on the opportunities presented by this thriving sector.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..