India's top eight office markets hit a 28.2 million square foot record in the transaction during the March quarter, the highest in the same quarter. According to Knight Frank India, it represents 74% annual growth, more than the previous peak in September 2024. Global capacity centers had 44% of the total transactions with 12.4 million square feet.
“The March Quarter Indian Office was an extraordinary period for the space market. The new height was consistently violated with the demand of the GCC, strengthening a long -term investment destination as India's global perception. With frequent transactions since 2021, the level of vacancy lasted from 17.2% to a healthy 14.3%.”
All major markets saw an annual and sequential fare growth, which marks the eleventh quarter of stable or increasing fare. Hyderabad and Kolkata led a 9% increase, Bengaluru after 8%, while NCR recorded an increase of 6% year-on-year.
“Record bounce in office leasing led by GCC reflects a structural change in the role of India, a cost-saving destination for a strategic role in global enterprise operations. The absorption scale and rising fare indicate for deep-occupied confidence and strong-occupied confidence and strong economic boom. Each quarter is not a high circle, it is not a high circle.
According to Baijal, this supply squeeze in the top markets also caused more trends from the beginning of 2022. As India continues to lead on development parameters, the office has to face minimal headwinds in addition to a constrained supply in the space market and is well positioned to maintain its speed in 2025. Total Office Location Tech-up. Hyderabad maintained a stable speed to reach the amount of 4 million square feet in the office demand. With 3.7 million square feet and Mumbai with 3.5 million square feet. Bengaluru and Pune surpassed the national growth rate of 74%, emerging as major volume drivers of India's office market. Ends ends
