India Office Leasing Hits Record 83.3 Mn Sq Ft in 2025

15 Jan 2026 CW Team

According to JLL Research, Bengaluru, Hyderabad, Pune and Mumbai recorded their best-ever annual leasing volumes, reflecting broad-based demand across technology, manufacturing, BFSI and flexible workspace segments. Demand dispersion across cities also highlighted evolving occupier strategies in a dynamic operating environment.

Global Capability Centres (GCCs) emerged as the dominant occupier group, capturing 37.7 per cent of total leasing and absorbing a record 31 million sq ft during the year. The flex segment also achieved new highs, while technology remained the largest contributor on a full-year basis. Domestic occupier activity was led by indigenous flex operators, which posted their strongest-ever annual performance.

Net absorption touched a historic peak of 57.0 million sq ft in 2025, with Bengaluru, Delhi NCR and Hyderabad leading activity. This strong absorption led to vacancy declining to 15.2 per cent, the lowest level seen in five years, with several core markets reporting near single-digit vacancy levels.

Rahul Arora, Head – Office Leasing & Retail Services, Senior Managing Director, India, JLL, said the convergence of record GCC expansion, strong occupancies and a robust deal pipeline could push India’s office leasing beyond the 100 million sq ft mark within the next two years.

Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL, added that India has successfully bucked global headwinds, supported by sustained GCC inflows, a deep talent pool and strong policy-led growth drivers, positioning the office market for continued momentum into 2026.

India’s office market has continued its record-breaking momentum, with gross leasing reaching an all-time high of 83.3 million sq ft in 2025, reaffirming the country’s position as a preferred global business destination. Despite global uncertainties, international occupiers accounted for 58.4 per cent of total leasing, underscoring strong structural demand drivers.According to JLL Research, Bengaluru, Hyderabad, Pune and Mumbai recorded their best-ever annual leasing volumes, reflecting broad-based demand across technology, manufacturing, BFSI and flexible workspace segments. Demand dispersion across cities also highlighted evolving occupier strategies in a dynamic operating environment.Global Capability Centres (GCCs) emerged as the dominant occupier group, capturing 37.7 per cent of total leasing and absorbing a record 31 million sq ft during the year. The flex segment also achieved new highs, while technology remained the largest contributor on a full-year basis. Domestic occupier activity was led by indigenous flex operators, which posted their strongest-ever annual performance.Net absorption touched a historic peak of 57.0 million sq ft in 2025, with Bengaluru, Delhi NCR and Hyderabad leading activity. This strong absorption led to vacancy declining to 15.2 per cent, the lowest level seen in five years, with several core markets reporting near single-digit vacancy levels.Rahul Arora, Head – Office Leasing & Retail Services, Senior Managing Director, India, JLL, said the convergence of record GCC expansion, strong occupancies and a robust deal pipeline could push India’s office leasing beyond the 100 million sq ft mark within the next two years.Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL, added that India has successfully bucked global headwinds, supported by sustained GCC inflows, a deep talent pool and strong policy-led growth drivers, positioning the office market for continued momentum into 2026.

Infrastructure Urban

04 Feb 2026

Public Capex Push In Budget To Boost Tyre Industry: ATMA

The Indian tyre industry is expected to benefit from the government’s renewed emphasis on infrastructure development outlined in the Union Budget 2026–27, according to the Automotive Tyre Manufacturers Association (ATMA).ATMA said the tyre sector is closely linked to the performance of the transport and infrastructure ecosystem, and the sharp rise in public capital expenditure to Rs 1.2 trillion is a significant positive for sustained long-term demand growth.The association noted that the enhanced capex allocation reflects the government’s continued focus on building future-ready infrast..

Infrastructure Transport

04 Feb 2026

Underground Rail Line Planned In Siliguri ‘Chicken’s Neck’

Indian Railways is planning to construct underground railway tracks along a critical 40 km stretch of the Siliguri Corridor, popularly known as the Chicken’s Neck, to strengthen connectivity between the North East and the rest of India while enhancing security preparedness. According to the Indian Railways, the underground section is strategically significant due to the corridor’s narrow geography and proximity to international borders. Chetan Kumar Srivastava, General Manager of the Northeast Frontier Railway, said the proposed underground alignment is extremely important from a security..

Infrastructure Urban

04 Feb 2026

Agriculture Infrastructure Fund Boosts Post-Harvest Assets

The Agriculture Infrastructure Fund (AIF), a Central Sector Scheme of the Government of India, continues to strengthen post-harvest management infrastructure by enabling access to medium- and long-term debt financing through interest-subvented loans. The scheme focuses on improving agri-logistics, reducing post-harvest losses, promoting modern storage, processing and value-addition facilities, and enhancing farm-gate infrastructure to support efficient agricultural supply chains. Under AIF, banks and financial institutions provide loans with an interest subvention of three per cent per annum,..