India’s Office Market Reaches Record 83.3 MSF Leasing in 2025, Driven by GCCs and Flex Operators
- Industry News
- January 16, 2026

India’s office market hit a historic high in 2025 with 83.3 MSF of leasing. GCCs led with a record 31 MSF, Flex operators reached their highest quarterly share, and net absorption touched an all-time high of 57 MSF. Vacancy levels dropped to a five-year low as major cities posted record activity and strong demand signals.
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Institutional investments in India’s real estate sector reached an all-time high of $8.1 billion in 2025, led by a sharp surge in Q4, according to Vestian. Commercial assets dominated inflows, sustainability gained traction, and foreign and co-investments rose strongly, reflecting sustained investor confidence.
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Hartford Global Services has leased 1.59 lakh sq. ft. of Grade A office space in Hyderabad’s Gachibowli for a five-year term, paying a monthly rent of ₹92.28 lakh. The deal highlights sustained demand from global insurers and BFSI firms and reinforces Gachibowli’s position as a leading office hub.
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Coworking operator Smartworks reported its first quarterly profit in Q3 FY26, posting a net profit of ₹1.2 crore. Strong revenue growth, improved margins, and rising enterprise demand supported the turnaround. The company also expanded its footprint, improved occupancy, and strengthened its supply pipeline for future growth.
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