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India's Office Sector Hits 1 Billion Sq Ft, Cementing Global Status
4 Aug
Summary
- India's office stock to cross 1 billion sq ft by Q3 2025
- Top 3 markets account for 60% of total office space
- India's office market valued at $187 billion, reflecting growth and maturity
As of August 4th, 2025, India's office stock has reached 993 million sq ft, on track to surpass the 1 billion sq ft mark by the third quarter of the year. This milestone cements India's position as the world's fourth-largest office market, a testament to two decades of rapid expansion driven by strong demand, institutional capital, and the country's evolving economic role.
The top three markets - Bengaluru (229 million sq ft), NCR (199 million sq ft), and Mumbai (169 million sq ft) - account for nearly 60% of the total office stock. Another 33% is contributed by Hyderabad, Pune, and Chennai, while Ahmedabad and Kolkata make up the remaining 7%. The current valuation of India's office sector stands at a staggering $187 billion, or Rs 16 lakh crore, reflecting the market's growth, maturity, and global relevance.
Looking ahead, India's office market is poised for continued expansion. Knight Frank estimates the country could add another billion sq ft between 2036 and 2041, depending on growth scenarios. This sustained trajectory underscores the sector's resilience, institutional strength, and unwavering growth trajectory, positioning India as a global economic powerhouse and a compelling destination for multinational businesses and institutional capital.
