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

After nearly a decade of muted growth, Delhi-NCR’s office market is turning a corner. With “about 5 million sqft of new Grade A supply” expected, Delhi-NCR contributing 23% to net leasing, and cities like Faridabad, Gurugram and Noida gaining fresh momentum, the region is shifting toward a more distributed, infrastructure-led, future-ready office landscape.
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The Delhi-NCR property market witnessed a significant surge in net leasing of office spaces during July-September 2025, driven by strong corporate demand for premium, Grade-A+ workspaces. This surge contributes substantially to the overall growth seen across India’s top eight office markets in the same period. With a robust pipeline of deals and strategic expansion by occupiers, the office leasing market in Delhi-NCR is poised to set a new annual absorption record.
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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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Gurgaon and Noida represent two distinct visions of modern workspaces in Delhi-NCR. While Gurgaon caters to premium corporate needs and global brands, Noida offers value-driven, scalable solutions for startups and tech firms. This article explores their evolving office space trends, driven by hybrid work and GCC-led demand shifts.
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Delhi NCR saw 2.8 million sq ft of leasing and strong net absorption of 3.1 million sq ft. Noida Expressway led demand. Vacancy declined to 21.06%, while rents rose 3–5% QoQ, particularly in Gurgaon CBD. With 13.9 million sq ft under construction, supply will shape the coming quarters.
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Global Capability Centres (GCCs) leased nearly 32 million square feet in FY25—up 24% from the previous year—driven by India’s skilled talent and modern office infrastructure. Delhi-NCR emerged as the top performer, with Fortune 500 firms taking half the GCC space. Demand is expanding beyond IT to banking, healthcare, and R&D.
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