Which cities in India have the highest office space demand?

In India, office space demand is predominantly concentrated in a few key metros, though emerging hubs are gaining momentum:

• Bangalore: Often called the Silicon Valley of India, Bangalore leads office demand, fueled by IT-BPM and startup ecosystems. Areas like Whitefield, Outer Ring Road, and Electronic City see high absorption rates and steady rentals.
• Mumbai: Known as India’s financial capital, Mumbai’s BFSI sector anchors premium office districts in Bandra-Kurla Complex (BKC) and Lower Parel. Despite high rentals, global banks and MNCs continue to lease significant grade-A space.
• Delhi-NCR: Encompassing Gurgaon and Noida, Delhi-NCR attracts multinational corporates, tech giants, and BFSI back-office setups. Proximity to the political center and a robust infrastructure network drive demand.
• Hyderabad: Rapid infrastructure upgrades, IT corridors like HITEC City, and cost advantages make Hyderabad a preferred destination for global tech and GCCs.
• Chennai & Pune: Both these cities host strong IT sectors, offering cost-competitive office spaces and a substantial talent pool.

While these metros lead the market, Tier-2 cities—like Ahmedabad, Indore, and Jaipur—are emerging as alternatives with improved connectivity and lower operational costs, diversifying India’s commercial real estate landscape.