FICCI - JLL report on India: Electronics and Semiconductor Manufacturing Hub "Advanced Manufacturing Real Estate Lifecycle"
The commercial real estate landscape in India is undergoing a significant transformation, driven by evolving workplace strategies, robust office demand, and the rapid expansion of Global Capability Centres (GCCs). Flexible workspaces and hybrid models are reshaping occupier preferences, while record office absorption reflects sustained confidence in India’s economic growth and business environment. At the same time, India’s emergence as a global hub for GCCs is reinforcing its competitiveness, supported by a skilled talent pool, cost advantages, and improving infrastructure.
Regulatory reforms, infrastructure investments, and the development of integrated commercial hubs, including warehousing and data centres, are further strengthening the ecosystem. Mixed-use developments are gaining traction as developers focus on creating holistic, future-ready urban spaces that combine office, retail, and lifestyle offerings.
This session will explore key trends shaping office markets, the growing role of GCCs in driving demand, and the long-term outlook for commercial real estate, while highlighting opportunities and challenges in building resilient, sustainable, and globally competitive commercial hubs in India.
Key Takeaways
- Evolving Office Market Dynamics: Impact of hybrid work models, flexible workspaces, and changing occupier preferences on India’s commercial real estate sector.
- Rise of Global Capability Centres (GCCs): India’s growing position as a global hub for GCCs, driven by a skilled workforce, cost advantages, and improving infrastructure.
- Record Office Absorption & Investment Trends: Strong leasing activity and sustained investor confidence reflecting India’s economic growth trajectory.
- Emerging Commercial Real Estate Assets: Expansion of warehousing, logistics parks, data centres, and integrated commercial hubs.
- Mixed-Use Developments: Increasing focus on integrated developments combining office, retail, hospitality, and lifestyle offerings.
- Future Outlook: Opportunities and challenges in building resilient, sustainable, and globally competitive commercial real estate ecosystems.