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flex spaces

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India’s flex workspace stock across the top seven cities is expected to cross 100 million sq ft by 2027, with penetration rising to 10.5%, driven by strong enterprise demand, GCC expansion, and rapid growth in Bengaluru, Pune, and Chennai.

Net Office Leasing in India to Cross 50 Million sq ft in FY26

India’s Grade A office leasing market is poised for a historic high, with net leasing expected to cross 50 million sq ft in FY26, according to CRISIL Ratings. Strong demand from GCCs, BFSI, and flex operators, along with prudent leveraging by developers, is set to improve vacancy rates, cash flows, and credit metrics across the commercial real estate sector.
India’s flex workspace stock across the top seven cities is expected to cross 100 million sq ft by 2027, with penetration rising to 10.5%, driven by strong enterprise demand, GCC expansion, and rapid growth in Bengaluru, Pune, and Chennai.

India’s Office Market Set for Record 90+ Million Square Feet Leasing in 2025

India’s office leasing market is on track to cross a record 90 million sq ft in 2025, with strong demand from tech firms, GCCs, and flex operators driving growth across major cities.
Mumbai recorded 12,070 property registrations in September 2025, marking a 32% YoY rise and the best September since 2013. Stamp duty revenues grew 47% YoY to ₹1,292 crore, boosted by festive demand and strong buyer confidence in suburban markets.

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 flex workspace stock across the top seven cities is expected to cross 100 million sq ft by 2027, with penetration rising to 10.5%, driven by strong enterprise demand, GCC expansion, and rapid growth in Bengaluru, Pune, and Chennai.

This City in the Country Holds the Highest Vacant Office Stock in India

This City holds the highest vacant office stock in India, reaching 28 million square feet in Q1 2025. While demand for office space remains robust across major cities, new supply and absorption trends show a dynamic real estate landscape, with Bengaluru, Mumbai, and Pune leading in absorption. This article provides an in-depth analysis of the office market in India, highlighting key trends and data from Q1 2025.
India’s flex workspace stock across the top seven cities is expected to cross 100 million sq ft by 2027, with penetration rising to 10.5%, driven by strong enterprise demand, GCC expansion, and rapid growth in Bengaluru, Pune, and Chennai.

India Office Market Sees 7 Straight Quarters of Vacancy Decline

India’s commercial real estate sector continues to gain momentum with vacancy rates falling to a four-year low of 15.7% in Q1 2025. Despite lower new supply, strong leasing activity, especially from GCCs and IT-BPM sectors, kept demand high. Cities like Mumbai, Pune, and Bengaluru led the market, while rising rentals highlight growing competition for premium office spaces.