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.

Industry experts report Delhi's real estate sector is witnessing remarkable revival across commercial office, retail, and residential markets, attributed to supportive government policies and growing investor confidence.

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.

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.

Office space leasing in India's top six cities rose 19% to 29.4 million square feet in the first half of 2024. Mumbai and Hyderabad quadrupled office space absorption, with Bengaluru leading at 8.8 million sq ft.

The office leasing industry is heavily influenced by GCCs in India because to their skill and cost advantages. GCCs continue to alter India's commercial real estate market as they develop across industries.

Bank of America (BofA) has acquired 1.1 million square feet of Chennai office space in a major move. This sale is BofA's biggest office space transaction of 2023 and one of its largest captive centres outside the US. The DLF Downtown, Taramani site is for the bank's Indian back office.