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
Real Estate

Vikas Jain named President of NAREDCO Maharashtra NextGen

Vikas Jain, CEO of Labdhi Lifestyle, has been appointed President of NAREDCO Maharashtra NextGen, succeeding Ridham Gada, who now serves as Vice-Chairman. Jain, a first-generation developer and turnaround specialist, aims to steer the youth wing of NAREDCO Maharashtra through a finance-driven and tech-enabled growth phase. Under his leadership, the association will prioritise project financing, RERA compliance, technology adoption, and future-ready leadership. “It is an honour to lead NAREDCO Maharashtra NextGen. This platform empowers the next generation of real estate leaders,” Jain sai..

Next Story
Infrastructure Energy

TP Solar Crosses 4 GW Solar Output at Tamil Nadu Plant

TP Solar Limited, a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL) and the manufacturing division of Tata Power, has announced a major production milestone—crossing 4 GW of solar module output at its advanced facility in Tamil Nadu.As of 31 May 2025, the plant has cumulatively manufactured 4.049 GW of solar modules and 1.441 GW of solar cells. This milestone underscores the company’s growing role in supporting India’s clean energy transition and self-reliance in renewable energy manufacturing.Looking ahead, TP Solar is targeting 3.7 GW of solar cell output and 3.7..

Next Story
Infrastructure Urban

Aayush Art and Bullion Reports 1000 per cent Rise in FY25 Revenue

Aayush Art and Bullion Ltd (BSE: 540718), formerly AKM Creations Ltd, has announced its audited standalone financial results for H2 and the full financial year ending 31 March 2025, showcasing a sharp surge in both revenue and profitability. The company attributes this stellar performance to robust demand across its key verticals and strategic execution initiatives.For FY25, the company reported revenue of Rs 737.7 million, marking a 1,000 per cent year-on-year increase compared to Rs 73.3 million in FY24. Net profit for FY25 stood at Rs 18.1 million, a jump of 696 per cent over the Rs 2.6 mil..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?