New Delhi, May 7 -- Indias flexible workspace (flex) segment is expected to expand its capacity by 16 18 per cent over the current and next financial years to reach 140 145 million square feet (msf), according to Crisil Ratings.
This follows a robust expansion phase, with the segment recording a compound annual growth rate of around 23 per cent over the past three fiscals through FY26.
Rising Demand from GCCs, Corporates and Start-ups
In a report, Crisil Ratings said growth is being driven by rising demand from small and mid-sized global capability centres (GCCs), domestic corporates, and start-ups, with companies favouring flexible workspaces for their lower upfront costs, flexible lease terms, and scalability.
Hybrid work models a...