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 leasing market achieves 48.9 million sq ft in H1 2025, with Bengaluru leading at 18.2 million sq ft. Explore key trends in commercial real estate, flexible workspaces, and market projections for corporate occupiers and property investors across major Indian cities.

Bengaluru commands 65% of India's GCC office leasing in FY25 with 24% overall growth. Global firms expand operations in tech capital driven by talent pool, infrastructure

India's real estate market demonstrates strong fundamentals in H1 2025 with 13% growth in office absorption and steady residential demand despite challenges in affordable housing.

Indian office property net absorption is rising due to global capability centres (GCCs) and flexible spaces. India's status as a business centre is strengthened by global and local firms' rapid development.

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 Blackstone Group is close to buying Adani Realty's Inspire BKC, a high-profile commercial real estate project on Mumbai's Bandra-Kurla Complex (BKC) fringes. The 800,000-square-foot office skyscraper is expected to cost the US private equity behemoth between Rs 1,800 crore and Rs 2,000 crore.

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.

According to an Anarock research, premium office space rental prices in seven major cities rose 7% year-over-year to Rs 83 per square foot per month in the first six months of the current fiscal. This is due to growing building prices.

After a cautious first quarter, India's top six cities' office space absorption rose 2 percent to 14.6 million square feet in the second quarter of 2023, up from 14.3 msf in 2022.