India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

India’s office leasing market recorded a strong 24% growth in the first half of 2025, driven predominantly by demand in Mumbai, Pune, and the National Capital Region (NCR). The total leasing volume reached a record 48.9 million square feet across eight major cities, marking the highest ever for a six-month period.
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Israel Aerospace Industries’ (IAI) Indian arm, Israel Aerospace India Services Pvt Ltd, has secured a significant 45,277sqft office lease at Intellion IT Park in Gurugram for ₹32.14lakh per month, reflecting its deepening engagement with India’s defence and technology ecosystem.
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India’s flexible office industry is experiencing record-breaking growth, with Bengaluru now leading Asia and other metros rapidly expanding. Simpliwork, a managed office pioneer, is capitalising on this momentum through innovation, scale, and a focus on enterprise clients like Global Capability Centres (GCCs).
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The Asia Pacific office leasing market in the first half of 2025 was dominated by India, Mainland China, and Japan, accounting for over 90% of total demand. India emerged as a standout market with strong leasing activity, new supply growth, and a shift toward premium, sustainable office spaces.
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IndiQube Spaces Ltd, a leading managed office space operator in India, sees strong leasing demand from Indian corporates and Global Capability Centres (GCCs) despite market apprehensions. The company’s focus on scalable, customised office solutions, robust client base, and expansion strategy positions it well for continued growth.
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CapitaLand Investment Limited (CLI), a Singapore-based real asset manager, has signed a Memorandum of Understanding with the Maharashtra Government to invest over INR19,200 crores (S$2.83 billion) in Mumbai and Pune by 2030. This major investment will expand CLI’s reach across business parks, data centres, logistics, and industrial facilities, accelerating the growth of Maharashtra’s key commercial and tech corridors.
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