A favorable market sentiment across India’s major cities.
The India Monthly Market Dynamics provides a comprehensive overview of India's real estate market. The report highlights that in September 2025, demand for office space and retail leasing has gone up in most cities, while residential new launches increased across several markets.
India’s F&B sector has emerged as the cornerstone of the country’s retail real estate growth, with 4 million sq. ft of leasing activity across seven (Mumbai, Delhi NCR, Chennai, Hyderabad, Kolkata, Hyderabad and Pune) major cities since 2023. This remarkable expansion underscores the sector’s important role in driving the country’s broader retail transformation, which has witnessed nearly 18.6 million sq. ft of new shopping mall space added over the past five years, according to the JLL report titled "Bon Appétit-The Food and Beverage Playbook for Indian Real Estate'".
Bengaluru has established itself as the undisputed F&B leader, securing more than one-third share of total leasing volume, with Indiranagar remaining a preferred destination for operators. Mumbai and Delhi NCR follow as key markets, collectively contributing to a sector that demonstrates resilience and robust growth potential.
The sector’s growth trajectory has attracted significant attention from international operators, with over 20 new global F&B brands entering India since 2023. US-based brands led international expansion, while Delhi NCR and Mumbai remain hotspots for global brands establishing their maiden Indian presence. Multi-cuisine establishments dominated the landscape with a 41% share of leasing activity, reflecting India’s evolving palette influenced by travel and global influence.
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.