New Delhi, Dec. 19 -- India's flexible workspace market is projected to grow nearly threefold to USD 9-10 billion by 2028, driven largely by the rapid expansion of Global Capability Centers (GCCs), according to a new joint report by Smartworks Coworking Spaces Limited and UnearthIQ.

Titled "India's Next Commercial Real Estate Wave: The Rise of Flex Spaces Fueled by GCC Growth," the report highlights a structural shift in India's commercial real estate sector, as enterprises increasingly move toward asset-light, operational expenditure-led office models.

The report examines the structural shifts underway in India's commercial real estate market and highlights how the rapid expansion of Global Capability Centers (GCCs) is accelerating dem...