
India's office market achieved a record 86.4 million square feet of gross leasing in 2025, a 20% year-on-year increase, according to Knight Frank India. Bengaluru led with 28.7 million sq ft, driven significantly by Global Capability Centers (GCCs), which accounted for 38% of total transactions nationwide. Five major markets surpassed 10 million sq ft, though Delhi-NCR and Mumbai saw declines. Rents generally increased due to muted supply relative to demand.
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