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

India’s office market recorded a historic 43 million sq. ft. of gross leasing in H1 2026, up 5% year-on-year despite global uncertainty. GCCs and flexible workspace operators led demand, while lower new supply pushed vacancy to post-pandemic lows, strengthening rental growth and reinforcing confidence in India’s commercial real estate sector.
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Global companies led India’s office leasing activity in 2025, accounting for nearly 60% of total demand across major cities, according to JLL. Strong GCC expansion, a deep talent pool, and competitive rental rates drove leasing to a record 83.3 million sq ft, with Bengaluru emerging as the top destination.
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India’s commercial real estate sector has reached a remarkable milestone with office leasing hitting a record 59.6 million square feet in the first nine months of 2025. Led by technology companies and supported by flexible workspace providers and financial services, this surge reflects robust demand for quality office spaces in major metros. Bengaluru leads the charge, followed closely by Mumbai and Delhi-NCR. The data signals a growing preference for future-ready office environments amid evolving corporate workspace needs.
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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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