According to Cushman & Wakefield, Delhi-NCR real estate market has seen an increase in demand during the July and Wakefield.
Pure leasing of the office space jumped in the third quarter of this calendar year from 1.52 million square feet in the previous period, PTI informed, PTI reported.
This growth placed Delhi-NCR as the main player in the national real estate market and contributed 23 % to the total clean leasing of office space across eight cities in this period.
Pan-India Office Space Market Posts Robust Growth
Strong power was not limited to Delhi-NCR. In eight capitals, including bombje, Pune, Bengaluru, Hyderabad, Chennai, Kolkata and Ahmedabad, significant growth was also observed.
In these cities, net leasing of office space in these cities increased by 35 percent to 16.25 million (162.5 lakh) square feet from 12.08 million (120.8 lakh) square feet a year.
The real estate market has already reached the record last year, with 44.3 million (443 lakh) square feet of net absorption in the first nine months of 2025. This accounts for almost 87 % of the total of 50.7 million (507 Lakh) square feet recorded in 2024, said PTI.
Pure absorption is a key indicator of real estate demand, which represents a net change in the occupied office space.
“Since there is another quarter and a strong gas pipeline of active shops, the market is firmly on the way to break last year’s record and this year potentially sets up a new maximum for annual absorption,” C&W said.
What does this growth manage?
According to Anshula Jain, the CEO of India, the Sea & APAC office and the retail retail in Cushman & Wakefield, the Indian office sector shows structural power and is now “firmly in the expansion cycle”. He also added that more than 80 percent of leasing in the 3rd quarter was powered by fresh removal, which is a clear feature that residents grow in India and not only restoring space.
The market also sees a decisive shift towards quality. Almost 80 % of fresh office supplies in the 3rd quarter were the asset of class A, indicating the appetite for the premium workspaces prepared for the future.
This development is supported by several long -term fundamentals, including the increase in global capabilities (GCC), scaling of beginning enterprises and reviving production and engineering sectors, PTI said in its report.
Jain concluded that the inhabitants of office space make strategic and quality decisions, because India is increasingly perceived as the main market for global operations, not only for the cost-to-worm shift, which he believes is here to stay.
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