+
India's Office Leasing Demand Set to Exceed 70 Million Sq Ft in 2024
Real Estate

India's Office Leasing Demand Set to Exceed 70 Million Sq Ft in 2024

India's office leasing demand is projected to surpass 70 million square feet in 2024, reflecting a significant uptick in commercial real estate activity. The country's commercial office market continues to exhibit resilience and growth despite challenges posed by the global economic landscape.

Several factors are driving the surge in office leasing demand, including the expansion plans of multinational corporations, the emergence of startups, and the increasing adoption of flexible workspace solutions. As businesses strive to adapt to evolving work models and capitalise on emerging opportunities, the demand for office space remains robust across key metropolitan areas.

The rise of the technology sector, coupled with the growing demand for shared office spaces and coworking facilities, is further fueling the expansion of India's office leasing market. Additionally, the government's initiatives to promote business growth and investment are bolstering confidence among domestic and international investors, contributing to the buoyancy of the commercial real estate sector.

Metropolitan hubs such as Bangalore, Mumbai, Delhi-NCR, and Hyderabad continue to attract significant attention from occupiers and investors alike, owing to their vibrant business ecosystems and infrastructural development. These cities serve as key drivers of India's commercial real estate market, attracting a diverse range of businesses across industries.

The anticipated surge in office leasing demand underscores the resilience and potential of India's commercial real estate sector. Despite global uncertainties, the country's office market remains attractive to both occupiers and investors, signalling continued growth and opportunity in the years ahead.

India's office leasing demand is projected to surpass 70 million square feet in 2024, reflecting a significant uptick in commercial real estate activity. The country's commercial office market continues to exhibit resilience and growth despite challenges posed by the global economic landscape. Several factors are driving the surge in office leasing demand, including the expansion plans of multinational corporations, the emergence of startups, and the increasing adoption of flexible workspace solutions. As businesses strive to adapt to evolving work models and capitalise on emerging opportunities, the demand for office space remains robust across key metropolitan areas. The rise of the technology sector, coupled with the growing demand for shared office spaces and coworking facilities, is further fueling the expansion of India's office leasing market. Additionally, the government's initiatives to promote business growth and investment are bolstering confidence among domestic and international investors, contributing to the buoyancy of the commercial real estate sector. Metropolitan hubs such as Bangalore, Mumbai, Delhi-NCR, and Hyderabad continue to attract significant attention from occupiers and investors alike, owing to their vibrant business ecosystems and infrastructural development. These cities serve as key drivers of India's commercial real estate market, attracting a diverse range of businesses across industries. The anticipated surge in office leasing demand underscores the resilience and potential of India's commercial real estate sector. Despite global uncertainties, the country's office market remains attractive to both occupiers and investors, signalling continued growth and opportunity in the years ahead.

Next Story
Building Material

UltraTech’s Limestone Mine Gets India’s First-Ever 7-Star Rating

UltraTech Cement, India’s largest producer of cement and Ready-Mix Concrete (RMC), has received top honours for sustainable mining practices. Thirteen of the company’s limestone mines were awarded star ratings by the Indian Bureau of Mines (IBM), Ministry of Mines, for FY 2023–24 during a ceremony held in Jaipur, Rajasthan. Among these, the Naokari Limestone Mine—part of UltraTech’s Awarpur Cement Works in Chandrapur, Maharashtra—was awarded India’s first-ever 7-star rating for a limestone mine, in recognition of exceptional performance in ‘Green Mining’. The remain..

Next Story
Infrastructure Urban

Sieger Parking Enters Mumbai Market, Expands West India Presence

Sieger Parking, a Coimbatore-headquartered specialist in automated and multi-level car parking systems, has announced its entry into Western India with the launch of a regional office in Mumbai. This move marks a key milestone in the company’s pan-India growth strategy and its commitment to delivering technology-driven, space-efficient parking solutions across urban India. The Mumbai office will serve as the regional headquarters for Maharashtra and neighbouring states, supporting end-to-end operations with on-ground sales, project management, and service teams. The aim is to fast-track..

Next Story
Resources

IGBC Green Kochi Conclave 2025 Champions Culture and Climate Action

The Indian Green Building Council (IGBC), part of CII, hosted the Green Kochi Conclave 2025 on 4 July at Hotel Holiday Inn, Kochi, under the theme “Tharavadu to Tomorrow: Weaving Kerala’s Heritage into a Sustainable Built Environment.” The event brought together policymakers, architects, developers, and thought leaders to discuss Kerala’s progress in blending cultural heritage with sustainable design.  Kerala is emerging as a frontrunner in climate-resilient development, thanks to passive design strategies, rainwater harvesting, cool roof initiatives, and the widespread adopt..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?