India’s technology industry accounted for 40% of all Grade A office space leasing in the first half of 2025, marking robust demand despite global economic turbulence. Leading tech firms—driven by rapid GCC growth, digitisation, and enterprise expansion—leased over 10 million sq ft across major Indian cities, reaffirming the sector’s dominant role in the commercial real estate market.
The Surge in Tech-Driven Office Leasing
The tech sector continues to lead India’s office market, signing the most new leases and focusing especially on large transactions (100,000 sq ft and above). More than half the total deals came from these large-size mandates, reflecting tech’s long-term commitment to Indian talent and business infrastructure.
Regional Growth and Flex Space Adoption
Bengaluru and Hyderabad together accounted for nearly half of tech sector leases, with Pune, Chennai, and Delhi-NCR maintaining steady appeal for IT occupiers. The industry’s interest in flexible office formats has accelerated, with 40–50% of all flex space uptake driven by tech companies optimising workplace strategy and cost.
Market Outlook
Expansion of India’s GCC ecosystem, along with rising adoption of AI, cloud, and cybersecurity, is expected to keep the tech sector at the forefront of leasing through 2025. Tech is anticipated to remain the main taker of Grade A office supply for the foreseeable future.
FlexInsights Take
The technology sector’s continued appetite for quality office space underscores India’s position as a preferred global destination for innovation and business expansion. Flex operators and landlords catering to tech-driven occupiers should prioritise scale, flexibility, and amenities tailored to digital-first teams. As GCCs multiply and workspace models evolve, the winning formula will combine premium locations, smart spaces, and proactive client service for sustained success.
