Articles & Latest News on Office Leasing - Page 4 of 9

Bengaluru Leads India’s Office Leasing Market in 2024, Sustainability Gains Traction 0
- Industry News
- February 18, 2025
Bengaluru led India’s office leasing market in 2024 with 21.8 million sq. ft. of absorption, driven by GCCs, tech firms, and flexible space operators. Pan-India leasing hit 79 million sq. ft., with sustainability gaining traction—56% of leases in green-certified buildings. 2025 trends include GCC expansion, flexible spaces, and eco-friendly developments.
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India’s Office Leasing Market Poised for 8-10% Growth in FY26: Crisil 0
- Industry News
- February 18, 2025
India’s office leasing market is set to grow 8-10% in FY26, driven by strong demand from BFSI and GCCs, especially in Bengaluru and Hyderabad. Flex space operators are expanding rapidly, while vacancy rates are expected to decline. Crisil Ratings highlights stable financials, though economic risks remain a key concern.
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NPCI Expands Mumbai Presence with Major Office Lease in Goregaon 0
- Industry News
- February 10, 2025
The National Payments Corporation of India (NPCI) has leased 1.15 lakh sq. ft. of office space in Goregaon, Mumbai, for ₹136 crore, marking its expansion in India’s digital payments ecosystem. This move reflects the growing demand for commercial real estate, as Mumbai remains a hub for Grade-A office spaces, hybrid work models, and fintech growth.
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NCR’s Office Market Booms with Record 12.7 Million Sq. Ft. Leasing in 2024 0

According to Knight Frank India, NCR’s office market hit a record 12.7 million sq. ft. leasing in 2024, with deal sizes rising 29% YoY. Noida saw a 48% surge, while Gurugram remained dominant. Flexible workspaces grew 2.4x, reflecting the shift towards hybrid work and high-quality office space demand.

India’s Office Leasing Market Set for Record Absorption in FY2025: ICRA 0

India’s office market is set for record absorption, with net leasing projected to grow 10-11% in FY2025 to 59-60 million sq. ft., according to ICRA. Vacancy rates will remain stable, while retail leasing will grow 7-9%. Rising demand from GCCs, corporates, and resilient economic factors continue to drive expansion.

India’s Office Leasing Market Set for 10-11% Growth in FY25: ICRA 0

India’s office leasing market is set to grow 10-11% in FY25, with net absorption reaching 59-60 million sq. ft., according to ICRA. Despite a surge in new supply, vacancy rates will remain stable. Strong GCCs and flex operators demand drives record leasing, reinforcing India’s commercial real estate momentum.

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