Bengaluru & Hyderabad account for nearly 50% of tech office leasing in India
India has emerged as a powerhouse of technology talent, with six Indian cities ranking among the top 10 Asia Pacific (APAC) markets for tech talent acquisition, according to Colliers’ latest report, Global Tech Markets: Top Talent Locations 2025. This surge in skilled workforce is reshaping India’s real estate landscape, driving unprecedented demand for Grade A office space across the country’s top seven cities.
“India is a key player in the global innovation ecosystem, with Bengaluru and Hyderabad continuing to lead the way in tech-driven office leasing,” said Arpit Mehrotra, Managing Director, Office Services, India, Colliers.
India’s Talent Edge: Six Cities in APAC Top 10
The report highlights that Bengaluru, Hyderabad, Chennai, Pune, Mumbai, and Delhi-NCR now dominate tech hiring in APAC, offering a combination of cost competitiveness, skilled talent pools, and established IT infrastructure.
BOX: India’s Leading Tech Talent Cities
- Bengaluru: World’s largest pool of data scientists
- Hyderabad: Fastest-growing tech workforce in India
- Chennai: Strong AI and cybersecurity talent
- Pune: Innovation in enterprise solutions
- Mumbai: Fintech and digital transformation hub
- Delhi-NCR: Emerging as a strategic GCC base
Tech Sector Powers Office Leasing
During H1 2025, technology occupiers leased over 10 million sq ft of office space in India’s top 7 cities, accounting for 40% of conventional leasing. Notably, Bengaluru and Hyderabad together contributed nearly 50% of this activity.
TABLE: Office Gross Leasing Trends by Technology Sector
| Year | Office Gross Leasing (msf) | Conventional Space (msf) | Flex Spaces (msf) | Tech Leasing (Conventional) (msf) | Tech Share (%) |
|---|---|---|---|---|---|
| 2021 | 33.0 | 28.2 | 4.8 | 13.2 | 47% |
| 2022 | 50.3 | 43.3 | 7.0 | 17.0 | 39% |
| 2023 | 58.2 | 49.5 | 8.7 | 14.3 | 29% |
| 2024 | 67.2 | 54.5 | 12.7 | 16.6 | 30% |
| H1 2025 | 33.7 | 27.2 | 6.5 | 10.8 | 40% |
Source: Colliers
GCCs Driving Real Estate Momentum
India has also solidified its position as a global hub for Global Capability Centers (GCCs). In the first half of 2025 alone, tech GCCs leased 5.2 million sq ft, representing 41% of total GCC leasing. Bengaluru, Delhi-NCR, and Hyderabad together accounted for over 85% of this demand.
“GCCs in India have evolved into strategic innovation hubs, accelerating demand for high-quality office space,” said Vimal Nadar, National Director & Head of Research, Colliers India.
Emerging Trends: Younger Workforce & Flex Spaces
The report reveals a structural shift in workforce demographics:
- Workers under 25 years in tech have increased by 9% between 2014–2022, growing 20 times faster than the all-industry average.
- This trend is making cities like Bengaluru, Hyderabad, and Pune particularly attractive to companies seeking a young, dynamic workforce.
Additionally, flex spaces are witnessing strong traction from tech occupiers, with nearly 50% of flex demand in H1 2025 driven by technology firms.
Expert View
“Asia Pacific is drawing unprecedented global attention for its unmatched tech talent density, and India is at the center of this transformation,” said Mike Davis, Managing Director, Office Services, Asia Pacific, Colliers.
“Bengaluru and Hyderabad are no longer just back-office hubs – they are innovation powerhouses fuelling the next phase of India’s economic expansion.”
The Road Ahead
With venture capital funding surging, a deep talent pipeline, and cost competitiveness, India’s office markets are expected to remain among the world’s top destinations for technology-led growth. As global firms continue to scale and innovate, Indian cities are poised to lead the next wave of real estate expansion across the Asia Pacific.
BOX: Quick Facts — India’s Tech Real Estate in 2025
- Tech Share of Conventional Leasing: 40%
- Top Leasing Cities: Bengaluru, Hyderabad, Delhi-NCR
- Flex Space Demand: 50% driven by tech
- Young Workforce Surge: +9% under-25 talent in a decade
- GCC Contribution: 41% of GCC leasing from tech firms
Also Read: Bengaluru’s Tech Boom Fuels Commercial Real Estate Demand
