Browsing Tag

India office leasing

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Asia Pacific office leasing rose 11% to 105.5 million sq ft in 2025, with India accounting for 68% of total demand across the region, according to Colliers’ latest market insights report.

India Dominates Asia Pacific Office Market as Regional Leasing Touches 105 Million sq ft in 2025

Asia Pacific office leasing rose 11% to 105.5 million sq ft in 2025, with India accounting for 68% of total demand across the region, according to Colliers’ latest market insights report.
Smartworks has signed a major ~1.66 lakh sq ft lease with Wolters Kluwer in Pune’s Kalyani Nagar, reinforcing its leadership in managed office campuses and accelerating enterprise-driven growth across India.

🏢 Smartworks Leases 1.66 Lakh Sq Ft to Wolters Kluwer in Pune’s Kalyani Nagar, Strengthens Enterprise-Focused Growth

Smartworks has signed a major ~1.66 lakh sq ft lease with Wolters Kluwer in Pune’s Kalyani Nagar, reinforcing its leadership in managed office campuses and accelerating enterprise-driven growth across India.
India’s office market is booming again. With 40% growth in office space leasing in H1 2025, companies are preparing for a mass hiring wave. Bengaluru and Pune lead the race, while Mumbai and NCR also show strong activity. This office boom is set to create lakhs of new jobs across India.

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’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.

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.
Office real estate

India Commands APAC Office Leasing in 2024, Captures Record 47% Share

India has taken the top spot in Asia-Pacific office leasing, commanding 47% of total volumes in 2024. Knight Frank’s latest report highlights India’s growing appeal as a stable, scalable, and strategic real estate hub for global companies amid evolving trade dynamics.