India’s AI Workforce of 250,000 Is Reshaping Office Demand, Says Embassy REIT CEO

Around 250,000 people are currently part of India’s AI and machine-learning workforce. The rise of artificial intelligence (AI) is beginning to reshape India’s office market by bringing a new cohort of mid-sized global companies and smaller Global Capability Centres (GCCs) into the country, beyond the traditional Fortune 500 occupiers, according to Embassy REIT CEO Amit Shetty. Embassy REIT, which reported a 17 per cent year-on-year increase in revenue to ₹1,241 crore and a similar growth in net operating income (NOI) to ₹1,020 crore in the first quarter of FY27, said 86 per cent of its leasing during the quarter came from new entrants. AI-related organisations accounted for 21 per cent of leasing, indicating that AI is emerging as a demand enabler for office space rather than simply a technology trend.