India's office market recorded 19.69 million sq ft absorption in Q3 2025, marking 6% YoY growth, with Bengaluru, NCR, and Mumbai leading the commercial real estate expansion driven by GCCs, BFSI sector, and flexible workspace operators.

Chennai's commercial real estate market is experiencing its strongest year ever, with office leasing reaching a 20-year high of 5.2 million square feet year-to-date, driven by multinational expansion and surging demand from technology and BFSI sectors.

India's commercial office market shows strong recovery with vacancy rates falling 210 basis points, driven by Global Capability Centre expansion and robust domestic demand across major cities.

Industry experts report that Ahmedabad's office space market has entered a significant transformation phase, with banking, financial services, and insurance (BFSI) sector demand creating a decisive shift toward landlord-favorable conditions.