Blitz Bureau
NEW DELHI: India’s office market touched record high in 2025, with annual gross leasing surging to 86.4 million sq ft, up 20 per cent (year-on-year) and 43 per cent above the pre‑pandemic 2019 peak, a report said on January 9. Real estate services firm Knight Frank India said that on the residential front, sales across eight major cities held broadly steady at 3,48,204 units in 2025, easing 1 per cent YoY.
In the same period, new launches were recorded at 362,184 units across the top markets easing 3 per cent YoY. Mumbai accounted for 29 per cent of sales with 97,188 units.
On the office market front, the scale of activity reflected sustained occupier demand and positions India as a global leader among commercial real estate markets, the report said. Strong performance across regions reflected the maturity of India’s office ecosystem, supported by robust talent pools, resilient demand drivers and disciplined supply.
“With annual leasing volumes rising over 20 per cent YoY, the current cycle marks not just a numerical high but a structural shift in how global and domestic enterprises view India as a long-term business destination,” said Shishir Baijal, International Partner, Chairman and Managing Director, Knight Frank India.
Bengaluru led the office market with a historic 28.7 million sq ft of leasing. Delhi-NCR retained its position as India’s second-largest office market in terms of total stock. The residential sector, meanwhile, entered a phase of measured normalisation after three consecutive years of elevated activity, supported by end-user activity and sustained by premiumisation and firm price growth, the report noted.
