Juggy Marwaha, CEO of Prestige Office Ventures|Picture Credit: SOMASHEKARA GRN
The United States might overshadow the world with almost 7 billion sq. feet of workplace stock, and China follows at 3.6 billion sq. ft. But India, with 1.1 billion sq. feet, has actually silently become the powerhouse of Asia-Pacific, commanding almost 70 percent of the area’s workplace need. Bengaluru is at the heart of this rise.
Juggy Marwaha, CEO of Prestige Office Ventures, states the future will be formed by transit-oriented, sustainable and future-proof schools. With GCCs driving development, designers are actioning in to buy movement options and new-age properties.
Bengaluru is at the centre of India’s workplace development story. How does it compare to other markets?
India today is a 1.1 billion sq. feet workplace market, 70 percent of Asia Pacific. Bengaluru, Hyderabad and Gurgaon together represent 60 percent of India’s workplace leasing. Chennai has actually emerged highly too. South controls this development in workplace leasing market.
Transit-oriented workplace are acquiring traction worldwide. How do you see this pattern playing out in India?
Definitely. Every brand-new Prestige workplace job is within 2 km of a city station. Staff members do not wish to commute more than 45 minutes one method. Movement and last-mile connection will choose the future of workplaces. That’s why we’re constructing incorporated communities where real estate, workplaces and retail sit within the very same linked ring.
Designers are progressively purchasing last-mile facilities themselves. What has Prestige’s experience been?
We’re constructing a 300-meter flyover linking Bellandur city station to our Lakeshore Drive school utilizing our own capital. The federal government has actually been encouraging in giving approvals. This sort of personal involvement is important if Indian cities wish to remain competitive internationally.
What’s your view on the federal government’s colony tokenisation design?
It’s an exceptional action. It enables landowners to make profits as equity holders when jobs show up, rather of withstanding advancement. This design was originated by Satish Magar at Magarpatta City and now federal governments throughout India are embracing it. It makes sure more sanitary, long-lasting income sharing.
Eminence has actually broadened throughout property classes. What’s next in the pipeline?
Residential stays our core, followed by workplaces, retail, hospitality and hotels. We’re likewise going into information centres, logistics and senior living in a huge method. Trainee real estate is inescapable in the long run, it’s a client company, however the in advance yearly payments make it appealing gradually.
Released on September 14, 2025
