India Defies Global Office Rental Slump, Posts Record Growth in Leasing
Despite a global slump in office rentals, India’s commercial real estate market recorded historic growth in 2024, with 70.7 million sq ft leased—its highest ever. Cities like Bengaluru, Hyderabad, and Pune posted double-digit rental growth, driven by robust demand from IT and Global Capability Centers (GCCs), positioning India as a standout performer in the global office space landscape.