·        Delhi NCR leads with more than 85% of office demand concentrated in green assets over the last 3-4 years

·        Technology firms drive more than 30% of conventional office space uptake in green assets

·        70% of office stock is currently green-certified, with Bengaluru & Delhi NCR cumulatively holding nearly half of the current green assets

·        Majority of the upcoming supply is likely to be sustainable from the outset, expanding green office stock to around 800 msf in the next 2-3 years 

Bengaluru, 5^th November 2026: Occupiers’ preference for sustainable workspaces continue to gain prominence across key markets, with green certification becoming a ‘hygiene factor’ rather than a differentiator in India’s office market. Office developments certified under recognized sustainability frameworks such as LEED, IGBC, GRIHA etc. (referred as “Green assets”) are increasingly shaping occupiers’ real estate strategies across India. Designed for greater resource efficiency and lower environmental impact, these buildings also offer enhanced workplace quality.

Leasing in green assets is projected to reach 60-65 million sq ft across the top seven cities in 2026, increasing its share in overall leasing to over 80% from 74% in 2023. This trend highlights the growing integration of ESG priorities into corporate real estate strategies and expansion plans. It also reflects increased corporate awareness of energy efficiency, carbon emissions and employee well-being, reinforcing the role of sustainable built environments in advancing broader climate and sustainability commitments.

Leasing trends in green assets (2023 – 2026 E)

Source: Colliers

Notes: Data pertains to Grade A buildings only | Gross leasing does not include lease renewals, pre-commitments, and deals where only a letter of Intent has been signed | Top 7 cities include Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, and Pune | 2026 E figures are full-year estimates | 2027 F is forecasted 

Bengaluru leads in green asset leasing in terms of volume, while Delhi NCR commands the highest share of leasing in green assets

During 2023-2026, three-fourths of the overall office space demand is likely to be concentrated in green assets, underscoring strong occupier preference for sustainable spaces. At nearly 60 million sq ft of cumulative space uptake in green-certified developments since 2023, Bengaluru leads green asset leasing with an estimated share of 28% across the top 7 office markets of the country.

Delhi NCR and Hyderabad have also emerged as frontrunners in sustainable development, with green assets accounting for over 85% of overall leasing in Delhi NCR and 80–85% in Hyderabad over the past 3–4 years. This underscores the growing importance of sustainability in occupiers’ real estate decision-making, especially in these cities.

City-wise leasing trends in green assets (2023 – 2026 E)

Source: Colliers

Notes: Data pertains to Grade A buildings only | Gross leasing does not include lease renewals, pre-commitments and deals where only a letter of Intent has been signed | 2026 E figures are full-year estimates | All figures represent cumulative total for 2023–2026 E and are rounded to the nearest decimal

Tech firms lead leasing in green assets, account for >30% of conventional space uptake

Leasing trends in green assets highlight increasing adoption of sustainable workspaces across various sectors. Technology sector leads this trend, accounting for more than 30% of overall leasing in green assets, followed by the BFSI and Engineering & Manufacturing sectors. Notably, nearly 80% of occupiers within the Technology sector prefer having a footprint in properties which have been accredited with leading certifications such as LEED, GRIHA, etc.

 Sector-wise leasing trends in green assets (2023 – 2026 E)

Source: Colliers

Notes: Data pertains to Grade A buildings only | Top 7 cities include Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, and Pune | Gross leasing does not include lease renewals, pre-commitments and deals where only a letter of Intent has been signed | *Others include e-commerce, consumables, etc. | 2026 E figures are full-year estimates | All figures represent cumulative total for 2023–2026 E and are rounded to the nearest decimal

“The ability to deliver higher portfolio valuations, improved rentals, and stronger occupancy levels continues to strengthen the case for green assets amongst investors and developers alike. This trend is deepening across cities, with occupiers having leased more than three-fourths of their office space in green assets over the last 3-4 years. Interestingly, technology firms have emerged as the largest occupiers of green assets, driving sustainability-led workplace strategies. Going forward, 80-90% of occupiers across sectors are likely to align their corporate real estate strategies with broader ESG goals through space uptake in green assets,” says Arpit Mehrotra, Managing Director, Office Services, Colliers India.

Around 70% of the Grade A office stock in India is currently green-certified

As occupier preferences increasingly gravitate towards sustainable workplaces, the stock of green assets is set for substantial growth. By 2026 end, nearly 70% of Grade A office inventory across India’s top seven cities is expected to be green-certified. Notably, Bengaluru and Delhi NCR are likely to reaffirm their prominence as key hubs of sustainable office development, together accounting for nearly half of the country’s green assets by 2026.

Interestingly, green assets are expected to account for 75-80% of new supply and reach 45-50 million sq ft during 2026, highlighting the increasing dominance of sustainable developments in the supply pipeline. Over the next two to three years, most of the upcoming supply across the top seven cities is expected to be green-certified, taking the total green stock close to the 800 million sq ft mark, up from 600-650 million sq ft at present.

Trends in new supply of green assets (2023 – 2026 E)

Source: Colliers

Notes: Data pertains to Grade A buildings only | Top 7 cities include Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, and Pune | 2026 E figures are full-year estimates | 2027 F is forecasted | Stock is typically revised periodically to reflect updated inventory of Grade A buildings

“Growing adoption of sustainable elements in workspaces across occupier segments is encouraging developers to align new offerings with evolving occupier preferences. At the same time, over 450 million sq ft of existing office stock is more than a decade old and may warrant significant upgrades, creating a sizeable opportunity for retrofitting. Most redeveloped assets are expected to obtain green certifications, complementing the upcoming development pipeline and accelerating green penetration across key markets. Resultantly, green assets could account for nearly three-fourths of the country’s office inventory by 2030,” says Vimal Nadar, National Director and Head of Research, Colliers India.

Beyond sustainability benefits, green buildings enhance operational efficiency, workplace quality, and employee well-being, ultimately supporting higher productivity and business performance. Importantly, as developers and occupiers increasingly align their real estate decisions with ESG-driven strategies, green assets will continue to gain prominence as the preferred workspace choice.

This milestone represents a notable year-on-year growth over the 2,414,785 tons recorded during the corresponding period of the previous fiscal year. The landmark performance was bolstered by record-breaking cumulative contributions across key production units since inception. Steel Melting Shop-II registered its highest-ever April-October Crude Steel production at 2,129,812 tons, while the New Plate Mill achieved a record output of 598,758 tons of plates. The Plate Mill contributed 309,645 tons of plates, exceeding both its previous best historical performance and its Annual Business Plan target. Additionally, the Silicon Steel Mill recorded its highest-ever April-October Cold Rolled Non-Oriented steel production at 48,175 tons, representing a growth of more than 23 percent compared to the corresponding period last year. Sinter Plant-I also posted its best cumulative performance since 2007 with an output of 881,889 tons.

The momentum built over the April-October period was strongly supported by a strong single-month performance in October 2026. Total saleable steel production for October reached 354,902 tons, exceeding the monthly Annual Business Plan target by nearly 4.7 percent. The month also witnessed best-ever October production records since inception across Hot Metal, total Crude Steel, Steel Melting Shop II, New Plate Mill, and Silicon Steel Mill. Hot Metal production for October reached 400,183 tons, surpassing the previous October best set in 2023, while total Crude Steel production stood at 374,540 tons. Hot Strip Mill 2 achieved significant traction during the month, producing 220,046 tons of Hot Rolled Coils and dispatching 176,790 tons in sales, exceeding monthly plan targets by 10 percent and 14 percent respectively.

Sambalpur, 04 November 2026: The Indian Institute of Management, Sambalpur (IIMS), welcomed its 2026–2029 cohort to the Executive PhD & DBA dual-degree programme, alongside its Immersion of 2025–2028 and 2024–2027 scholars. The three cohorts together bring 50 accomplished professionals into a single research community: Chairpersons, Managing Directors, CEOs, Founders, Senior government officials and Defence professionals working across India and abroad for a 3-day immersion programme held at Sambalpur from October 30 to November 1.

Offered with IAE Bordeaux University School of Management, France, the programme is India’s pioneering dual-degree doctoral initiative for working professionals. Successful scholars earn two qualifications: an Executive PhD from IIM Sambalpur and a Doctorate in Business Administration (DBA) from IAE Bordeaux. It is designed for leaders who want to turn decades of industry experience into rigorous, publishable research, without stepping away from their careers.

“Our Executive PhD & DBA scholars bring real organisational problems into the research room, and they take evidence-based answers back to their boardrooms. Partnering with IAE Bordeaux allows us to offer rigorous, world-class training in research methods that meet global standards, while keeping the programme deeply relevant to the challenges Indian and global businesses face today,” said Prof. Mahadeo Jaiswal, Director, IIM Sambalpur.  

Three cohorts, one global community of scholars

Cohort 2026–2029: A distinguished group of global business leaders. The newest cohort comprises 14 senior professionals holding roles such as Executive Director, Chairman, Director, Vice President and Founder & CEO. They come from leading multinational and national organisations in technology, automotive, consulting, renewable energy and engineering.

Cohort 2025–2028: Cross-sector expertise and leadership. Twenty senior professionals bring experience from technology, finance, defence, energy and healthcare. Their research interests span some of the most consequential sectors of the economy.

Cohort 2024–2027: Bringing industry and academia together. The 16 scholars of the founding cohort represent organisations including the Adani Group, NTT DATA, HPCL, Korn Ferry, Google and LAVA International. They include managing Directors, Vice presidents, CEOs, a joint president and directors, as well as entrepreneurs and senior government officials.

• The Induction & Immersion programme brings together leading academic voices to discuss contemporary management challenges, global business trends, leadership and the evolving role of research in practice. The programme had commenced with the welcome address by Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, followed by the Chief Guest and Keynote Address by Dr. Rajiv Kohli, John N. Dalton Memorial Professor of Business at the Raymond A. Mason School of Business, William & Mary, USA. The programme will also feature an address by Dr. Jorge Cardoso, Programme Director, International DBA Cohort, IAE Bordeaux University School of Management, who will share his perspectives on the programme and its international academic significance.

Building research-driven leadership for a changing economy

As artificial intelligence, energy transition, geopolitical realignment and digital public infrastructure reshape how organisations compete, demand is growing for leaders who can ask sharper questions and answer them with evidence. The programme helps experienced professionals step back from day-to-day decisions and study them systematically. The research they produce is grounded in practice and holds up to academic scrutiny.

The breadth of the three cohorts, across industries, geographies and functions, makes peer learning a central part of the experience. A defence professional, a renewable energy chairman and a technology founder bring very different lenses to the same problem, and that diversity sharpens both the research and the network that grows around it.

IIM Sambalpur expects its Executive PhD & DBA scholars to become influential contributors to management thought, organisational transformation and evidence-based business practice, in India and worldwide.

This achievement reflects REC’s strong commitment to green building excellence, environmental sustainability and responsible resource stewardship. It also reinforces the organisation’s dedication to the Government of India’s vision of achieving economic prosperity alongside ecological responsibility, contributing towards the national target of Net-Zero carbon emissions by 2070 and the vision of a developed and sustainable India under Viksit Bharat @ 2047.

The award was conferred during the 18th GRIHA Summit, held in New Delhi on November 3, 2026. Shri Bhupesh Chandolia, Executive Director, REC, along with Shri L. B. Nautiyal, Head of Department (Estates), and other members of REC’s Estate Division, received the award.

The award was presented by Shri Sibi Chakkravarthy M., Secretary, Government of Madhya Pradesh, Public Works Department and Managing Director, MPBDC; Dr. Vibha Dhawan, Director General, The Energy and Resources Institute (TERI) and President, GRIHA Council; Shri Sanjay Seth, Vice President and Chief Executive Officer (CEO), GRIHA Council; Ms. Shabnam Bassi, Deputy CEO and Secretary, GRIHA Council and Director, Sustainable Buildings Division, TERI; Shri Paul Procee, Operations Manager and Acting Country Director, The World Bank Group; and Shri Sreedhar N., Senior Vice President and CEO – Asia Pacific and India, Saint-Gobain.

The 5-Star GRIHA recognition underscores REC’s continued efforts to integrate sustainability into its infrastructure and operational practices, setting a benchmark for environmentally responsible development and contributing to India’s journey towards a greener and more sustainable future.

Bengaluru, 3rd November 2026: Vega Helmets, India’s most trusted road safety brand, has joined the Indian Supercross Racing League (ISRL) as Official Sponsor and Safety Partner for Season 3. The partnership unites four decades of Indian safety expertise with one of the country’s fastest-growing sports properties.

Under the partnership, Vega will equip all ISRL race marshals and participants in the league’s official community rides through Season 3. It will also extend to ISRL’s official community riding activities, encouraging road safety awareness, responsible riding practices, and greater participation in India’s motorcycling culture. This places the brand’s products in high-intensity, high-visibility settings, both on the track and in the wider riding community.

Supercross is one of the most physically demanding formats, and marshals work closest to the action, tracking conditions, responding to crashes, and keeping races on schedule. By equipping them with its protective gear, Vega brings its products into the demands of live professional racing.

The collaboration shows how brands, from OEMs to gear makers and ancillary players, are increasingly turning to ISRL as a proving ground to test, refine and showcase their products under real race conditions. Further, as a trusted homegrown manufacturer, Vega adds weight to ISRL’s safety-first message and to its growing partner network of Indian and international brands.

The league’s numbers further explain the appeal. Season 2 drew more than 55,000 ticketed spectators, featured international riders from over 13 countries, and recorded more than 140 million digital views. These figures signal growing commercial potential for brands that want to connect with India’s motorsport and youth culture.

Girdhari Chandak, Managing Director, Vega Auto Accessories Limited, said: “For over four decades, Vega has worked to make quality head protection accessible to Indian riders. Partnering with ISRL takes that commitment straight into professional motorsport. By supporting race marshals and community riders, we are reinforcing a fundamental principle: safety must remain paramount, both on the racetrack and on the road. We are pleased to support a homegrown league that is taking Indian motorsport to an international stage.”

Eeshan Lokhande, Co-Founder, Indian Supercross Racing League, said: “Safety is non-negotiable at ISRL, and we hold ourselves to world-class standards at every race. Our marshals work closest to the action, and with Vega, a trusted Indian brand, we’re giving them protection that matches the best in global motorsport. This partnership raises the bar for Season 3 and for responsible riding across the motorcycling community.”

Season 3 on the horizon

The ISRL Season 3 Rider Auction is scheduled for November 4, 2026. The new season will bring together international racers, Indian talent, franchise teams, and motorcycle manufacturers.

The agreement was signed in the presence of Shri Parveen Chaudhary, Managing Director, DIACL. On behalf of AAI, the agreement was signed by Shri Anami Pandey, General Manager (JVC/PPP-II), and on behalf of DIACL by Shri H.M. Chavda, Chief Operating Officer.

This collaboration marks an important milestone in the development and operationalisation of Dholera Airport. It is expected to enhance regional air connectivity and contribute to the growth of India’s aviation infrastructure.

Following the completion of the share transfer, HATSOFF Helicopter Training Private Limited will become a wholly-owned subsidiary of HAL. The development follows HAL’s earlier stock exchange intimation dated 2 October 2026 regarding the signing of an agreement with CAE Canada for acquiring its 50% stake in the joint venture. The move marks a further step in HAL’s efforts to strengthen its control over helicopter training operations and expand its capabilities in the aviation training segment.

As part of the awareness campaign, GAIL organised four Business Partner Meets, 15 school outreach programmes, three college engagements and five Gram Sabha interactions, besides capacity-building and vigilance awareness programmes across its locations. Various competitions, including essay writing, slogan writing, quizzes, painting and poster-making, were also conducted to encourage greater awareness of ethical practices. Additionally, three walkathons and three Nukkad Nataks were organised to promote vigilance and integrity among employees and the wider community. Winners of the essay and slogan writing competitions were felicitated during the closing ceremony, marking the successful culmination of the week-long initiative.