Gurugram’s ascent as one of India’s largest office markets has created a concentrated ecosystem of institutional-grade assets.
Insight
24 September 2025
Gurugram’s office stock at a new high
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Source: JLL Research
Note: Figure indicates Grade A stock total at the end of each calendar year
2025(E) refers to the expected office stock total by the end of 2025
From 2000 to 2010, DLF Cybercity’s newly built office assets transformed Gurugram into a magnet for MNC expansions, earning it the moniker “The Millennium City.” The enviable demand surge for these large-format Grade A offices underscored Gurugram’s strategic rise as a core hub for IT & ITES, consulting and co-working occupiers. Gurugram sits at the Delhi-Haryana border and was easily accessible via Mehrauli-Gurugram Road (MG Road) even back in the day. Today, NH-8 holds 48% of total operational Grade A stock, having benefited from large scale commercial development near the Delhi-Gurugram highway early on. As other micro-markets developed, including, Golf Course Road (GCR), Golf Course Extension Road (GCER) and Sohna Road, future development of office stock started moving towards Gurugram’s periphery.
Figure 2: NH-8 dominates Gurugram’s total Grade A stock
