The buzz of collaboration, the hum of innovation – India’s offices are not just surviving but thriving. While the world debates the future of work, India has made its choice clear. JLL’s Future of Work Survey 2024 reveals a striking statistic: 90% of organisations in India mandate at least three days in the office per week. Looking ahead, the story becomes even more compelling. By 2030, 54% of organisations expect to increase their in-office days, and two out of three anticipate their average lease tenures to grow. This is a powerful testament to companies’ betting on the long-term value of office spaces for fostering innovation, culture, and growth. To fully understand this transformation, let’s explore the exciting trends that are reshaping the future of work in India.
The great office comeback
India emerges as one of the strongest advocates for in-office work globally, with 56% of organisations requiring a full five-day in-office work week. As businesses adapt, they recognise the value of physical presence while maintaining some degree of workplace flexibility. In India, the office isn’t just central to work; it is central to our vision of the future.
Figure 1: Percentage of organisations mandating employees to be in office five days a week
Source: JLL Future of Work Survey 2024
AI: the new colleague on the block
Meanwhile, Indian companies are at the forefront of embracing artificial intelligence in the workplace. An astounding 94% of respondents expect AI to change how their workforce operates over the next five years. Moreover, 95% plan to accelerate investment in AI during this period, highlighting the transformative potential of technology in corporate settings. This rapid adoption positions India as a leader in workplace innovation, with potential ripple effects across various industries.
Figure 2: Percentage of organisations expecting AI and tech enabled workplaces by 2030
Source: JLL Future of Work Survey 2024
Green is in vogue
Environmental stewardship is rapidly becoming a key priority for Corporate Real Estate (CRE) leaders in India, transforming office design and management. By 2030, 77% of organisations anticipate increased investment in sustainability initiatives, signalling a paradigm shift in the commercial real estate landscape. This green revolution extends far beyond aesthetics. It’s about creating resilient, eco-friendly workspaces that align with global climate goals and circular economy principles. From energy-efficient systems to biophilic design, sustainability is now interwoven into the fabric of India’s offices. The implications are profound. Green credentials are becoming a competitive advantage, driving a reimagining of commercial assets’ design, construction, and management. This eco-conscious approach isn’t just good for the planet – it’s becoming essential for attracting top talent and forward-thinking tenants.
Figure 3: Sustainability spending in CRE is set to soar
Source: JLL Future of Work Survey 2024
These trends present both opportunities and challenges for stakeholders in Indian real estate. Property owners and developers must prioritise creating flexible, tech-enabled, and sustainable spaces to meet evolving demands. Tenants face the task of balancing the push for in-office work with employee expectations for flexibility and well-being. Investors should consider the long-term value proposition of properties that align with these emerging trends. For business leaders, the message is clear: the office is not dead; it’s evolving. Those who successfully blend the best of physical presence with cutting-edge technology and sustainable practices will lead the charge in India’s exciting new world of work.
More on 'Office' in 'India'
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- Flexible workspaces dominate Gurugram’s demarcated SEZsOctober 29, 2024
- India’s office market: the rise of relevant grade projectsOctober 10, 2024
- The rise of responsible real estate in IndiaJune 18, 2024
- How workplace design helps retain talent in IndiaMarch 7, 2024
