+
Office Rents Surge Across Metros, Led by MMR and Hyderabad
Real Estate

Office Rents Surge Across Metros, Led by MMR and Hyderabad

Office rental values have risen sharply in major Indian metros over the past two and a half years, according to real estate consultant Anarock. The report cites strong demand for premium office spaces as businesses return to physical workplaces.

In the Mumbai Metropolitan Region (MMR), average office rent climbed twenty-eight per cent to Rs 168 per square foot, up from Rs 131 in 2022. Hyderabad followed with a rise of twenty-four per cent to Rs 72, while Delhi-National Capital Region (NCR) posted a twenty per cent increase to Rs 110.

Bengaluru rents rose sixteen per cent to Rs 95 per square foot, while Pune and Chennai saw moderate growth of eleven point one per cent and nine point one per cent respectively. Current rents in these cities stand at Rs 80 and Rs 72.

Anarock noted that United States-based firms account for forty-five per cent of India’s office leasing, with a significant share in MMR’s banking and financial services sector.

The firm added that the post-pandemic rebound and appetite for Grade A spaces are driving the surge, despite global uncertainties.

Source: PTI 

Office rental values have risen sharply in major Indian metros over the past two and a half years, according to real estate consultant Anarock. The report cites strong demand for premium office spaces as businesses return to physical workplaces.In the Mumbai Metropolitan Region (MMR), average office rent climbed twenty-eight per cent to Rs 168 per square foot, up from Rs 131 in 2022. Hyderabad followed with a rise of twenty-four per cent to Rs 72, while Delhi-National Capital Region (NCR) posted a twenty per cent increase to Rs 110.Bengaluru rents rose sixteen per cent to Rs 95 per square foot, while Pune and Chennai saw moderate growth of eleven point one per cent and nine point one per cent respectively. Current rents in these cities stand at Rs 80 and Rs 72.Anarock noted that United States-based firms account for forty-five per cent of India’s office leasing, with a significant share in MMR’s banking and financial services sector.The firm added that the post-pandemic rebound and appetite for Grade A spaces are driving the surge, despite global uncertainties.Source: PTI 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code