New Delhi, Feb. 26 -- India's commercial real estate (CRE) sector is witnessing a major shift towards sustainability, with increasing demand for green-certified buildings, according to Crisil Ratings.

Global capability centres (GCCs) and IT/IT-enabled services (ITeS) companies, which account for 50-60 per cent of net office leasing, are driving this transformation as they prioritize environmentally friendly spaces to meet rising compliance and sustainability goals.

Developers are responding to this demand, with most upcoming Grade A office spaces being green-certified. According to a study by Crisil Ratings, almost all new office spaces in their sample set are expected to be green buildings.

Despite a slightly higher construction cost-...