India’s office leasing market shattered records in 2025, clocking an impressive 82.6 million square feet in gross absorption. At the forefront is the explosive growth of Global Capability Centers (GCCs), which are redefining demand patterns in the commercial property sector.
Top-tier cities absorbed the lion’s share: Hyderabad at 18 million sq ft, Delhi-NCR at 15 million, and Pune emerging as a dark horse. GCCs from sectors like software, analytics, and healthcare have prioritized scalable, future-proof office spaces, boosting overall market sentiment.
Contributing factors encompass eased regulations, hybrid work models favoring quality over quantity, and India’s competitive edge in global talent arbitrage. Rents in prime micro-markets have risen sharply, while speculative developments are giving way to built-to-suit projects for anchor tenants.
With this milestone, India’s commercial real estate is on a high-growth trajectory, promising lucrative opportunities for investors eyeing office assets amid GCC expansion.