India emerges as world’s fastest-growing, most cost-competitive office market - The Economic Times
India has emerged as the world’s fastest-growing and most cost-efficient office real estate market, driven by strong demand from global corporations and expanding domestic businesses. Cities like Bengaluru, Hyderabad, Pune, Chennai, and Delhi-NCR continue to attract multinational companies due to affordable rentals, skilled talent, and modern infrastructure. Compared to major global hubs, India offers significantly lower occupancy costs, making it a preferred destination for Global Capability Centres (GCCs), IT services, and flexible workspaces. The growth is further supported by large-scale office completions, improving connectivity, and investor-friendly policies. Despite global economic uncertainty, India’s office market has shown resilience, with sustained leasing activity and steady absorption levels. The combination of competitive pricing, high-quality office stock, and a strong workforce positions India as a long-term leader in commercial real estate growth. This trend is expected to continue as companies seek value-driven expansion strategies.
The Key points
- India leads global office market growth by absorption rates.
- Office rentals remain among the lowest worldwide.
- Bengaluru tops demand from global enterprises.
- Strong growth in Global Capability Centres (GCCs).
- Tier-1 cities drive maximum office leasing activity.
- High-quality Grade-A office supply continues rising.
- India outperforms Asia-Pacific peers in cost efficiency.
- Skilled workforce strengthens corporate expansion.
- Investor confidence remains strong despite global risks.
- Long-term outlook for Indian office real estate stays positive.
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