Pune dominated India's office market in Q3 2025, adding 3.7 million sq ft of new space, a 164% year-on-year leap per Vestian data, outshining metros like Mumbai, Bengaluru, and Delhi-NCR. Global capability centres fueled this boom amid rising demand and infrastructure gains.
Kolkata's office market achieved exceptional growth in Q3 2025, with transaction volumes reaching 0.5 million sq ft, a 190% year-on-year surge. Strong IT and flex space demand, combined with limited Grade A supply, propelled rental values to 14% YoY growth, the highest among major Indian cities.
India's office space absorption dropped 41% in the first three quarters of 2008 due to the global economic slowdown, impacting office rentals.