Mumbai's commercial real estate market has emerged as India's leading model for future-ready metropolitan growth, driven by infrastructure expansion, flexible workspace demand, and strategic investor confidence throughout 2025.

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.

Mindspace Business Parks REIT announced an ambitious expansion plan to increase its operational portfolio to 38 million square feet within four years, capitalizing on surging demand from Global Capability Centers and domestic firms benefiting from Make in India initiatives

Bengaluru-based Sattva Group has partnered with Innovalus to launch GCCBase, an integrated platform designed to streamline the establishment and expansion of Global Capability Centres for multinational companies across India, targeting technology, BFSI, healthcare, and engineering sectors.

BHIVE Workspace has launched a new 100,000 sq ft premium flexible workspace centre in Bellandur, Bengaluru, featuring over 2,000 desks at Sattva Premia on the Outer Ring Road, marking a strategic expansion in the city's growing suburban office market.

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.

India's six premier office markets achieved unprecedented 65 million sq ft leasing volumes in FY2025, marking 14% growth driven by GCCs, BFSI sector, and flexible workspace operators across Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune.

India’s office market is witnessing record demand, with MNCs and GCCs driving occupancy rates to decade-high levels.

According to a report by the Confederation of Indian Industry (CII) and Knight Frank, Global Capability Centres (GCCs), flexible and co-working spaces, and the IT sector will drive office space demand in India to 1.7 billion square feet by 2030.

Bengaluru office leasing is changing. Multinational firms' tech and shared service divisions, Global Capability Centres (GCCs), are gaining ground in India's commercial real estate market. In 2023, GCCs leased the most space since the start of the decade, according to Colliers.