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.

Market experts reveal that Navi Mumbai has transformed from a satellite city into a significant commercial hub, capturing nearly 20% of the Mumbai Metropolitan Region's total office supply with its current inventory of 23.8 million square feet of Grade-A office space.

As availability of top-grade office space declines, companies are turning to bespoke, build-to-suit workspaces to drive efficiency, flexibility, and brand identity.

Corporate India is experiencing an unprecedented surge in pre-leasing activity for premium carbon-neutral office spaces as demand significantly outpaces supply. 2024 has already seen a record 89 million square feet leased across India's top eight cities.

The Indian real estate investment trust (REIT) market is on the brink of a monumental expansion, poised to redefine the landscape of office real estate.

Mumbai's office property market has set a new Indian lease rental record. The Toronto-Dominion (TD) Bank extended its India headquarters lease at Maker Maxity in the Bandra-Kurla Complex (BKC) for an astounding Rs 604 per sq ft per month.