- India remains among the world’s fastest-growing major economies and is well-positioned to sustain this momentum. Real GDP growth accelerated to 8.2% by Q3 2025 and the RBI has revised its FY 2025–26 forecast to 7.3%, supported by low inflation, reduction in Repo rate to 5.25%, record equity indices, and one of the world’s strongest hiring outlooks (Net Employment Outlook 52% for Q1 2026).
- India’s office real estate sector continued its strong momentum in Q4 2025, with gross absorption to 20 mn (million) sq. ft. across the top seven cities, led by Delhi NCR and Bengaluru, taking 2025 gross annual absorption to 80 mn sq ft. GCCs accounted for 40% of overall leasing activity, supported by ~15 mn sq. ft. of new completions during the quarter.
- Bengaluru remains India’s largest office market with ~223 mn sq. ft. of Grade A stock (26% of India’s total) and cumulative absorption of 193.8 mn sq. ft. The city added 5.3 mn sq. ft. of new supply and clocked 6.44 mn sq. ft. of gross leasing in Q4 2025. Key demand drivers included technology (27%), FMCG & retail (23%), and engineering & manufacturing (14%), helping Bengaluru capture 26% of India’s total office demand.
- Bengaluru’s office market momentum in 2026 is likely to shift beyond ORR, towards North Bengaluru and PBD East, driven by GCC-led pre-leasing of large, ESG-compliant campus developments around upcoming metro corridors. The city continues to retain its leadership as India’s primary GCC hub for technology, engineering R&D, and global operations, underpinning sustained absorption and rental strength.
