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Office interiors cost breakdown

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Mumbai’s office stock hit 169 Mn sq. ft. in H1 2025, with over 50% in Grade B assets. SBDs lead the shift, flex space dominates leasing, and vacancy hits a 10-year low, as per Knight Frank’s Billion Sq Ft report.

India’s Office Fit-Outs 5X Cheaper in Labour, But M&E Costs 38% Higher Than APAC Average

India may offer cost-effective labor for office interiors, but a new JLL report reveals a hidden cost: companies in India spend up to 38% more on essential infrastructure like HVAC and electricals compared to the APAC average. Here’s how Indian cities are reshaping modern workspaces—balancing budget, tech, and sustainability.