India Retail Leasing Sees 2.24 MSF Activity in Q2 2025; Malls Gain Traction as Vacancies Tighten

India’s retail sector leased 2.24 MSF in Q2 2025 with malls regaining ground and vacancy tightening due to limited new supply. Mumbai saw 1.6X YoY growth, while Hyderabad led the leasing charts. A fresh wave of mall completions is expected by year-end.

Mumbai Emerges as India’s BFSI GCC Powerhouse Amid Record Leasing Surge

Mumbai has emerged as India’s top hub for BFSI Global Capability Centers (GCCs), capitalizing on its financial legacy and robust office infrastructure. According to JLL, the city leads GCC leasing in the banking and finance segment, with core corridors like BKC, Powai, and Airoli driving demand from global financial firms and fintech innovators.

Ahmedabad Emerges as India’s Rising Business Hub with Robust Office Demand and 25.5% Rent Upside

Ahmedabad’s office market has entered a landlord-favorable phase, with a 25.5% premium in market rent over passing rent. A new report by CREDAI and a real estate research firm shows BFSI and tech firms are driving demand, while GIFT City is emerging as the growth engine of Gujarat’s commercial real estate.

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.

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.