Browsing Tag

India office market

14 posts
Global Capability Centres are set to become the biggest force in India’s office market, potentially accounting for half of total demand as multinational firms expand operations amid trade agreements and strong economic growth.

GCC Boom Set to Power India’s Office Market: Global Firms May Drive Up to 50% Demand Surge

Global Capability Centres are set to become the biggest force in India’s office market, potentially accounting for half of total demand as multinational firms expand operations amid trade agreements and strong economic growth.
India’s office real estate market achieved a new milestone in 2025 as Grade A office leasing crossed 70 million sq ft, supported by strong demand from technology firms, GCCs, and a sharp year-end surge, according to Colliers India.

India’s Office Market Hits a New High: Leasing Crosses 70 Million Sq Ft in 2025

India’s office real estate market achieved a new milestone in 2025 as Grade A office leasing crossed 70 million sq ft, supported by strong demand from technology firms, GCCs, and a sharp year-end surge, according to Colliers India.
Embassy Developments Ltd. announces a premium residential project at Embassy Springs, Bengaluru. Spanning 14 acres and 1.55 million sq. ft., the project will feature over 800 luxury apartments with superior finishes, launching by December 2025.

GCCs Push Office Demand Beyond 50 Million Sq. Ft. in 2025; Tech & BFSI Lead Leasing Momentum

India’s office space demand hit 50.9 msf in the first nine months of 2025, up 8% YoY. GCCs, technology firms, and BFSI companies are driving growth, while Pune and Chennai have already outperformed their 2024 leasing levels.
Green buildings

65% Growth in Grade A Green Office Stock Across Top 7 Cities Since 2019

India’s top 7 cities have seen a 65% surge in green-certified Grade A office stock since 2019. With 74% of office leasing in H1 2025 occurring in green buildings and rents commanding up to 24% premium, the market is decisively tilting toward sustainable workspaces.
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.