- India’s GDP growth is projected at 6.3–6.8% in 2025, supported by strong domestic demand, urbanization, and a young workforce. The real estate sector contributed 7% to India’s GDP in 2024.
- India’s office real estate sector continued its strong performance in Q1 2025, with total Grade A stock reaching 860 million sq. ft. and 9.3 million sq. ft. of new completions. In the first quarter of the year 2025, top 7 cities registered a gross absorption of 16 million sq. ft.
- Bengaluru's Grade A office space stock is estimated to be 209.5 million sq.ft, the largest in India, with 180 million sq.ft absorbed till date. With 4.2 million sq. ft. of new supply added in Q1 2025 and up to 18 million sq. ft. planned in 2025.
- The city remained India's top office market, with 4.9 million sq. ft. of gross leasing in Q1 2025, primarily witnessed in the micro-markets of ORR and PBD East. The expected gross office space absorption for the year 2025 is estimated to be between 12 - 16 million sq. ft.
- Flex spaces are set to grow in 2025, driven by rising office space demand and evolving workplace preferences. At the same time, India’s manufacturing policies are drawing high-end R&D activity, adding to the overall demand for premium office spaces.
- ORR, PBD East, and PBD North are expected to dominate the overall office space activities both in the case of supply and absorption.
