Technology Sector Anchors 40% of India’s Office Leasing in H1 2025

India’s commercial real estate market is being anchored by the technology sector, which contributed 40% of overall office leasing in H1 2025 across the top seven cities, says Colliers India. Large-sized deals (≥100,000 sq. ft.) remain dominant, led by tech occupiers, while Bengaluru and Hyderabad alone drive nearly half of the country’s tech demand, underscoring their dominance as global IT hubs.

India Among Top Global Tech Talent Hubs, Fuels Real Estate Surge

India has emerged as a global tech talent powerhouse, with six cities among APAC’s top 10 for hiring. This surge is reshaping the real estate market, as tech firms drive nearly 50% of office leasing in Bengaluru and Hyderabad alone, according to Colliers’ 2025 report.

Net Office Leasing Surges 40% Across Top 7 Cities in H1 2025, New Supply Up by 25%

India’s office real estate market soared in H1 2025, with net absorption rising 40% year-on-year to nearly 27 million sq. ft. Bengaluru led leasing volumes, while Pune saw a record 533% jump in new supply. Strong demand from IT/ITeS, coworking, and BFSI continues to drive growth despite global uncertainties.

India’s Office Boom Narrows to 15 Hotspots

A new Colliers report reveals that 15 high-activity micro markets across India’s top 7 cities are driving the majority of office demand and supply. With robust leasing, growing REIT-worthiness, and rising flex and GCC occupancy, these zones are set to shape the next phase of India’s commercial real estate growth.

India’s Office REIT Market Sees Big Headroom: Only 23% of 520 Mn sq. ft. Listed So Far

India’s REIT market has massive untapped potential, with only 23% of the total 520 million sq. ft. REIT-suitable office stock currently listed. Southern cities like Bengaluru, Hyderabad, and Chennai hold the largest stock but remain underrepresented in REIT portfolios. ANAROCK Research highlights a 36% rise in REITable stock since 2023 and identifies 400 Mn sq. ft. of aging office space ready for upgradation. As REIT returns impress investors, the stage is set for further growth and listings.