Knight Frank – India Office Market, Q1 2025

The main theme: Analysis of the office real estate market in India for the first quarter of 2025.

Key findings: Bengaluru showed outstanding results, setting a new record with a transaction volume of 1.18 million sq. m (12.7 million sq. ft), accounting for 45% of the total transaction volume for the period. Mumbai and Pune also reached record transaction volumes, and Hyderabad achieved a new post-pandemic high. Global Competence Centers (GCCs) were the largest consumers of office space in the first quarter of 2025, occupying 44% of the total transaction volume. India demonstrated resilience amidst the unstable geopolitical and economic environment at the beginning of 2025, maintaining strong economic indicators.