Digital
Online gaming in India is among the world’s most vibrant, says MoS I&B Dr L Murugan at Storyboard18 DES 2025
India's net office leasing space grows 40% in H1 2025, Bengaluru leads with 64% rise
Benagluru's office leasing space stood at 6.55 million sq ft between January and June 2025, against 4 million sq ft in the same period last year--clocking a 64% rise
Bengaluru superseded all other top cities with a total new office supply of 6.91 million sq ft (approx) added in the first half of 2025
While India's residential market has remained flat in the first half of 2025, the commercial office leasing space has clocked a growth of 40% in the same period.
According to the Anarock property consultant report, the net office leasing space has grown across metropolitan cities, with Bengaluru witnessing the highest new office supply addition.
The net office absorption has surged from 19.08 million square feet in H1 2024 to 26.8 million sq ft in H1 2025.
Benagluru's office leasing space stood at 6.55 million sq ft between January and June 2025, against 4 million sq ft in the same period last year--clocking a 64% rise.
The Mumbai Metropolitan Region (MMR)'s net office absorption saw a 43% increase with 4.5 million sq ft of space.
Notably, Kolkata was the only city to see a drop in net office absorption from 0.93 million sq ft in H1 2024 to 0.45 million sq ft in H1 2025.
In terms of office completions, the top-7 cities (Bengaluru, MMR, Delhi-NCR, Chennai, Hyderabad, Pune, and Kolkata) recorded a 25% increase in the period from 19.65 million sq ft in H1 2024 to 24.51 million sq ft in H1 2025.
Bengaluru superseded all other top cities with a total new office supply of 6.91 million sq ft (approx) added in the first half of 2025, against 5.5 million sq ft in H1 2024 - a 26% yearly growth.
MMR and Hyderabad were the only cities to see a drop in new supply additions in H1 2025, by 45% and 17%, respectively. MMR added 1.9 million sq ft of office space in H1 2025 as against 3.47 million sq ft in H1 2024. On the other hand, Hyderabad witnessed 4.7 million sq ft of new supply in H1 2025, against 5.68 million sq ft in H1 2024.
Interestingly, Pune recorded the highest yearly jump in new office supply, at 533% – from just 0.9 million sq ft in H1 2024 to over 5.7 million sq ft in H1 2025.
According to Peush Jain, MD - Commercial Leasing & Advisory, ANAROCK Group, the IT/ITeS sector dominated office space demand with a 29% overall leasing share, followed by the coworking sector with a 22% share and Banking and Financial Services sector with 18%.
"Demand for consultancy businesses and e-commerce rises by 1% each against H1 2024," Jain added.
'Office rentals'
The average monthly office rentals increased by a marginal 5%, from Rs 84/sq ft in H1 2024 to Rs 88/sq ft in H1 2025. Chennai recorded the highest 6% yearly rise in monthly office rentals – from Rs 72/sq ft in H1 2024 to Rs 76/sq ft in H1 2025. Both Bengaluru and NCR recorded 5% yearly increases.
SPOTLIGHT
As India eyes global leadership in media, entertainment and gaming, Storyboard18's Digital Entertainment Summit, set to take place on June 27 in the capital, will spotlight the bold strategies, policy pathways and creative innovations shaping the future of the industry.
Read MoreIN PHOTOS: At Global Pioneers Summit, visionaries chart the future of business and creativity
From the chiefs of Nestle, Diageo, Colgate, PepsiCo, Zetwerk and CRED to AI visionaries, marketing mavens, top creators, ad legends and leading global agencies' CEOs, the brightest minds converged at the Storyboard18 Global Pioneers Summit for an action-packed day of meaningful dialogues on creativity, commerce and culture.