India Market Monitor Q4 2025 – Office

India’s office sector set new annual records for both leasing activity and supply additions in 2025, reaching 82.6 million sq. ft. and 58.9 million sq. ft., respectively. In the period from October to December (Q4) 2025, space absorption reached approximately 22.2 million sq. ft., while around 16.6 million sq. ft. of new development completions were recorded. The continued expansion of domestic corporates, coupled with global firms scaling their global capability centres (GCCs), played a major role in boosting office space take-up across major cities.

Building upon this record-breaking leasing activity, the country’s office sector is anticipated to experience continued momentum in 2026. Despite global geopolitical shifts, the sector remains resilient, underpinned by a healthy development pipeline, a broadening occupier base, and a thriving GCC market. This momentum is likely to be supported by strong investment inflows and portfolio expansion strategies of both domestic and global corporations, led by their ongoing digitisation efforts.

While the tech sector is expected to remain the primary catalyst for leasing activity, other prominent sectors such as BFSI and E&M are likely to maintain steady growth, alongside further expansion in niche sectors such as life sciences and semiconductors. Furthermore, developers are increasingly delivering premium, green-certified office spaces that align with occupiers’ priorities around operational scalability, employee experience, and long-term business goals.

To gain granular insights into Office trends across key cities, please click on the download button.