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India’s SEZs are rapidly becoming office spaces due to relaxed rules, boosting office demand led by global tech centers.
India's office space demand is rising as Special Economic Zones (SEZs) are rapidly converted into regular office spaces, driven by a 2023 government policy change easing SEZ restrictions.
Global Capability Centres lead leasing activity, accounting for 38% of demand in Q2 FY26, with strong net leasing persisting despite high occupancy rates of 90% across REITs.
The shift is supported by expanding REIT acquisition and development plans, while a growing retail sector strengthens the broader commercial real estate outlook.
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Las ZES de la India se están convirtiendo rápidamente en espacios de oficinas debido a las normas relajadas, impulsando la demanda de oficinas liderada por los centros tecnológicos globales.