India, Feb. 26 -- The country's commercial real estate sector is experiencing growing demand for certified green buildings. Tenants, particularly global capability centres (GCCs) and IT/IT-enabled services (ITeS) companies, which collectively account for 50-60% of net office leasing, are increasingly seeking sustainable, eco-friendly spaces. This shift is driven by rising environmental compliance requirements and heightened awareness of sustainability, according to rating agency CRISIL on February 25.

The supply-side dynamics also underscore a similar trend, as almost all the upcoming supply for Crisil Ratings' sample set is expected to be green-certified. A cost-benefit analysis of green buildings also presents a win-win situation for d...