Summary:

According to Anarock, office rents in the Mumbai Metropolitan Region (MMR) have risen 28% over the past two and a half years due to strong demand for premium workspaces despite global uncertainties. The United States leads with 45% of India’s office leasing, with US banks accounting for 48% of Mumbai’s BFSI sector. Average rent in MMR increased to Rs. 168 per square foot. Other metros also saw growth: Delhi-NCR (20%), Hyderabad (24.1%), Bengaluru (16%), Pune (11.1%), and Chennai (9.1%).

According to industry analysts, India’s rental growth is driven by confidence in talent, improved infrastructure, and return-to-office trends. BHIVE CEO Shesh Rao Paplikar highlights Bengaluru’s 16% rise, led by IT firms and flexible workspaces, indicating a robust market. Stonecraft’s Kirthi Chilukuri notes that rising rents in major cities reflect renewed business confidence and a shift toward future-ready workspaces. Hyderabad’s 24% growth demonstrates its status as a technology and innovation hub.

Source: IBEF

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