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India's office real estate sector clocks robust growth in H1 2025, GCCs key driver
The Political and Business Daily
|July 08, 2025
INDIA'S office real estate market continues to demonstrate robust growth with gross leasing volume in the top eight cities, reaching 21.4 million square feet (MSF) in the April-June quarter (Q2), reflecting a 5 per cent quarter-on-quarter growth, according to a report released on Monday.
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With H1 2025 gross leasing now at around 42 msf, the sector is firmly on track to surpass 90 million square feet of annual leasing activity a new benchmark and a reaffirmation of sustained occupier confidence, the report by Cushman & Wakefield stated.
This momentum follows 2024's historic performance of about 89 million square feet, with H1 2024 figures comparable to this year's. If trends hold, 2025 will mark the second consecutive year of 85+ million square feet of gross leasing, reinforcing a new baseline of market performance, the report added.
The strong leasing numbers reflect the depth of demand from global and domestic occupiers, with Global Capability Centres (GCCs), IT-BPM firms, flex operators, BFSI, and engineering and manufacturing companies driving growth.
Dit verhaal komt uit de July 08, 2025-editie van The Political and Business Daily.
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