Office space leasing across India’s top seven cities rose 6 per cent to 71.5 million square feet this year on better demand from domestic and foreign companies, according to Colliers.
Real estate consultant Colliers India on Wednesday noted that the office demand is expected to remain robust next year, driven by growth in technology and BFSI (Banking, Financial Services, and Insurance) sectors.
As per the data, the gross leasing of Grade A office spaces is estimated to have increased to 71.5 million square feet this year across seven major cities from 67.2 million square feet in the 2024 calendar year.
The demand fell in Mumbai and Hyderabad, but increased in the other five cities — Chennai, Bengaluru, Pune, Kolkata and Delhi-NCR.
Gross absorption does not include lease renewals, pre-commitments and deals where only a letter of Intent has been signed.
“India’s office market continues to scale up and set new highs every passing year,” said Arpit Mehrotra, Managing Director, Office​Office space leasing across India’s top seven cities rose 6 per cent to 71.5 million square feet this year on better demand from domestic and foreign companies, according to Colliers.
Real estate consultant Colliers India on Wednesday noted that the office demand is expected to remain robust next year, driven by growth in technology and BFSI (Banking, Financial Services, and Insurance) sectors.
As per the data, the gross leasing of Grade A office spaces is estimated to have increased to 71.5 million square feet this year across seven major cities from 67.2 million square feet in the 2024 calendar year.
The demand fell in Mumbai and Hyderabad, but increased in the other five cities — Chennai, Bengaluru, Pune, Kolkata and Delhi-NCR.
Gross absorption does not include lease renewals, pre-commitments and deals where only a letter of Intent has been signed.
“India’s office market continues to scale up and set new highs every passing year,” said Arpit Mehrotra, Managing Director, Office ​Latest News [ SOBAN NEWS: International and National ]
