The India Monthly Market Dynamics provides a comprehensive overview of India's real estate market. The report highlights that in October 2025, demand for office space and retail leasing has gone up in most cities, while residential new launches increased across several markets.
Office sector demonstrates distinct geographic strategies: domestic firms concentrate 53% of their footprint in Mumbai, while foreign BFSI companies favour Bengaluru as their leading destination, leveraging its rich tech talent pool for Global Capability Centres.
Over 230 BFSI GCCs operate nationwide, employing 450,000+ professionals and representing 20-25% of India's entire GCC workforce. Success requires strategic city alignment: innovation hubs like Bengaluru and Hyderabad for AI and R&D work, scale operations centres in Chennai and Pune for cost-effective processing, and hybrid multi-function hubs in Mumbai, Pune and Delhi NCR that blend technology with core financial expertise for comprehensive business operations.
India's office market demonstrates exceptional post-pandemic resilience with 348.4 mn sq ft cumulative net absorption from 2016-Q2 2025, significantly outperforming global markets. The sector is experiencing a decisive flight to quality driven by institutional investment and sustainability focus. Institutionally owned, green-certified properties maintain 980 basis points higher occupancy than non-institutional assets, with overall vacancy at 16.2% versus just 9.6% for premium institutional properties, highlighting clear market polarization favouring superior assets.
The report offers city-specific insights on office, retail, and residential markets for key Indian cities, including rental and capital value trends, significant transactions, and infrastructure updates. It serves as a valuable resource for understanding the current state and future trajectory of India's real estate market. What’s more? Dr. Samantak Das, Chief Economist and Head Research & REIS, shares his insights on ‘India Institutional Capital Flow Market Perspective’ published by JLL.