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

Knight Frank India’s latest quarterly report reveals a 6% year-on-year drop in gross office leasing across India’s top eight metro cities during July–September 2025, primarily due to decreased GCC activity and lingering global uncertainties. Despite this quarterly dip, annual office space demand is still set to reach a record high, showing resilience in India’s commercial real estate sector.
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The office space leasing market in India’s top cities saw a notable 35% year-on-year rise to 16.25 million square feet in Q3 2025, led by Delhi-NCR where leasing more than doubled due to strong demand for premium workspaces. Other cities like Mumbai, Pune, Chennai, Hyderabad, Kolkata, and Ahmedabad also experienced healthy growth, reflecting a broad and sustained expansion in the commercial real estate sector.
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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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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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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 market is poised to hit a record-breaking 90+ million sq ft in gross leasing this year, says Cushman & Wakefield. The surge is fueled by GCC expansions, robust demand from the tech and BFSI sectors, and strong domestic momentum, despite dips in some key cities, such as Bengaluru and Mumbai.
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