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

According to the IIM-B and CRE Matrix “Commercial Property Rental Index” report, Delhi recorded a sharp 16.4% rise in premium office rents. In comparison, Mumbai maintained its market strength with 3.6% quarterly growth. Gurugram, Navi Mumbai, and Chennai’s northern suburbs also saw strong gains, signalling expanding demand beyond traditional business districts.
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Office rents in India’s top seven cities rose 4% to 8.2% in 2024, driven by strong economic growth and rising demand for premium spaces. While global markets like New York and Shanghai saw rental declines, India’s commercial real estate sector continues to attract global firms and investors.
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Hyderabad’s office market surged in Q1 2025 with a 9% rent hike, driven by strong demand from IT firms and Global Capability Centers. While residential sales dipped slightly, premium housing saw notable growth, reflecting rising interest in high-value properties amid shifting buyer preferences and evolving workspace trends.
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