India’s Office Market Breaks Records in 2025 as Leasing Touches 55 Million Sq Ft

India’s office real estate market scaled new heights in 2025 with net leasing touching 55.16 million sq ft across the top seven cities. GCCs emerged as the biggest growth driver, while Pune recorded the fastest expansion and office rentals continued to rise.

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.

Net Office Leasing Surges 40% Across Top 7 Cities in H1 2025, New Supply Up by 25%

India’s office real estate market soared in H1 2025, with net absorption rising 40% year-on-year to nearly 27 million sq. ft. Bengaluru led leasing volumes, while Pune saw a record 533% jump in new supply. Strong demand from IT/ITeS, coworking, and BFSI continues to drive growth despite global uncertainties.