Office rent growth: Bengaluru, Delhi-NCR, Mumbai see 4.3% YoY rise

India’s prime office markets in Bengaluru, Delhi-NCR, and Mumbai are experiencing robust growth, with rents rising by an average of 4.3% year-on-year. Leasing activity is projected to hit a record 50 million sq ft in 2025, driven by Global Capability Centres and IT services. This surge underscores India’s increasing significance as a global business hub, outperforming the broader Asia-Pacific region.

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