India’s office market clocks third straight record year in 2025, GCCs stay in driver’s seat

India's office leasing activity hit a record 82.6 million sq. ft. in 2025. New supply also reached an all-time high. Technology, flexible workspace, and BFSI sectors drove demand. Bengaluru, Mumbai, and Delhi-NCR led absorption. Global firms are expanding their footprints in India. GCCs are a key demand driver. Premium, green-certified spaces are in demand.