CG Offices has appointed Jai Agnani as partner and chief growth officer, tasking him with leading a new workplace and portfolio services division. The move is designed to help corporates and enterprise occupiers with commercial leasing and real estate strategy, as CG Offices shifts toward integrated, full-lifecycle advisory during a fast-changing commercial real estate market in India.
India’s commercial office market is being reshaped by large corporate occupiers moving toward consolidated, campus-style workspaces. Large office transactions rose 3% year-on-year and now make up 65% of total leasing, outpacing slower growth in smaller office demand. Bengaluru leads large deal activity, while Hyderabad and Mumbai are accelerating faster.
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Institutional real estate investment in India fell 52% even as domestic capital surged, leading foreign inflows for three straight quarters. Activity hit its highest first-quarter level since 2021, with offices drawing the most capital, followed by hospitality and residential. Delhi NCR, Chennai, and Bengaluru emerged as major investment hotspots.
New workplace rules will force offices to decongest, limiting occupancy to about 30–40% of staff. With recession fears looming and work-from-home likely to remain, many companies are unlikely to fund bigger office spaces. That leaves landlords bracing for falling demand in the next two to three quarters.
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