India Market Monitor Q3 2025 – Office

India’s office real estate market sustained its growth momentum in Q3 2025, primarily fuelled by continued expansion from domestic corporates and global firms scaling their global capability centre (GCC) operations. Leasing activity touched 19.9 million sq. ft. during the quarter, propelling the year-to-date office absorption to 59.6 million sq. ft.—the highest level ever recorded for the first nine months of the year. Furthermore, new development completions were registered at 13.6 million sq. ft. in Q3 2025.

The country's office market is poised to maintain its growth momentum through 2025, underpinned by resilient occupier demand stemming from portfolio expansion, workplace optimisation, and a marked shift towards quality assets. Notably, this growth trajectory comes amidst a shifting global environment, marked by geopolitical uncertainties and deliberations on cross-border talent mobility, including recent changes to the United States’ H-1B visa regime.

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