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

India’s flexible office stock has surpassed 100 million sq ft, growing rapidly at a 23–25% CAGR. Bengaluru leads the market, followed by Delhi-NCR and Pune. Demand is driven by IT, BFSI, and global companies, while GCCs and tier-II expansion are set to fuel the next phase of growth.
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From April to June 2025, the IT and IT-enabled services sectors took up half of all the new office spaces rented in India. At the same time, companies that offer flexible workspaces accounted for 14% of the total space taken up, showing significant growth in both areas compared to the previous quarter.
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India’s office leasing hit a record 48.9 million sq ft in H1 2025, growing 41% YoY, driven by strong demand from Global Capability Centres, IT services, and flex operators. Bengaluru led the surge, while falling supply and rising rents signalled a tightening market, particularly in key hubs such as Mumbai and Hyderabad.
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