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 

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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 

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?