India’s Office Leasing Hits 21.4 Million Sq Ft in Q2, Set to Surpass 90 Million Sq Ft in 2025 with $1.06 Billion Foreign Investment

India's office leasing market is poised for robust growth in 2025, with total leasing activity expected to surpass 90 million square feet for the first time. In the second quarter of 2025 alone, office leasing reached 21.4 million square feet, driven primarily by Global Capability Centres (GCCs), the IT-BPM sector, and the BFSI industry. GCCs are projected to account for 35-40% of the country's office space absorption in 2025. The flex space segment has experienced a 65% year-on-year surge, with the technology sector contributing to over 50% of occupancy. Foreign investments also played a role, with the USA, Japan, and Hong Kong collectively investing $1.06 billion into Indian real estate in Q2. Concurrently, Indian real estate prices saw an upward trend during the same period. While some international markets like Tysons report high office vacancy rates, India's office market continues to show strong momentum and growing demand.