India's Office Space Supply Hits Record High in 2024
- Industry News
- March 12, 2025
Delhi’s office market is poised for significant growth, with net absorption expected to reach 8.3-8.4 million square feet by 2025. The rise in demand for high-quality office spaces, flexible workspaces, and improved connectivity, alongside intense leasing activity, is driving rent increases and attracting investors to the region.
READ MOREIndia’s real estate sector in 2025 is set for dynamic growth, driven by technology, sustainability, and rising investments. With Tier-II cities emerging as key players, office spaces evolving, and luxury housing surging, the industry is reshaping urban landscapes and redefining living, working, and retail experiences across the country.
READ MOREGreen coworking spaces are revolutionising the industry by integrating sustainability into flexible workspaces. With eco-friendly designs, energy-efficient operations, and waste reduction strategies, these spaces minimise environmental impact while attracting eco-conscious clients. The hub-and-spoke model, smart energy use, and sustainable materials drive long-term cost savings and promote a greener future.
READ MORECH Office in Ahmedabad, designed by Studio Saransh for Cricheroes, redefines tech workspaces with a seamless blend of energy and calm. Featuring an open, flexible layout and bold red accents, it fosters innovation, collaboration, and productivity while embodying the brand’s identity and passion for technology and cricket.
READ MOREIndia’s coworking industry is booming, with tier-2 and tier-3 cities driving expansion. Government initiatives, IPO listings, and rising demand for flexible workspaces fuel growth. Industry leaders predict a transformative phase, with hybrid work models, diversified services, and tech-driven innovations shaping the future of coworking in India.
READ MOREIndia’s coworking industry, projected to grow from USD 1.94 billion in 2024 to USD 2.72 billion by 2029, faces regulatory hurdles. A one-window clearance system could streamline approvals, attract investments, and enable expansion into smaller cities, fostering innovation, supporting startups, and strengthening India’s global business position.
READ MOREFlexible workspaces rapidly transform the office landscape, offering businesses cost savings, agility, and premium amenities. With India’s flex space stock exceeding 50 million sq. ft. in Q2 2024 and 80% of occupiers planning expansion, the trend signals a shift from traditional leases to scalable, hybrid-ready solutions for modern enterprises.
READ MOREIndia’s commercial real estate sector is witnessing a green revolution as businesses prioritise sustainability. With rising demand for eco-friendly offices, developers are focusing on green-certified spaces. Despite slightly higher initial costs, these buildings offer long-term savings, ESG benefits, and government incentives, making them the future of workplace leasing.
READ MOREDelhi-NCR has surpassed Bengaluru as India’s top flex office market, securing a 42% share in leasing. NCR is driving India’s flex office boom with strong corporate demand, premium infrastructure, and expanding green-certified workspaces. Its continued growth signals a shift toward hybrid work models and sustainable commercial real estate.
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