Technology Sector Anchors 40% Office Leasing in India: Report
The technology sector continues to be the driving force behind office space demand in India, accounting for a significant 40% of leasing in the top 7 cities in the first half of 2025. This is according to a recent report, which highlights the sector’s dominance as a demand driver in the Indian real estate market.
The report, which analyzed office leasing trends in top Indian cities, including Bengaluru, Mumbai, Delhi-NCR, Hyderabad, Chennai, Pune, and Kolkata, noted that the technology sector played a crucial role in sustaining office space demand. The sector took over 10 million square feet of office space in the first half of 2025, a significant increase from previous years.
One of the key findings of the report is the technology sector’s ability to drive large deals, indicating expansion and long-term space plans. This is a significant trend, as it suggests that technology companies are not only looking for short-term office spaces but are also investing in long-term growth strategies.
The report also noted that the top 7 cities in India continue to be the preferred destinations for technology companies. Bengaluru, in particular, remains the hub for technology and startup activity, with many companies setting up their regional offices in the city. The city accounted for nearly 30% of the total office leasing in the top 7 cities, followed by Delhi-NCR and Mumbai.
The technology sector’s dominance in office leasing is not surprising, given the rapid growth of the industry in India. The country has emerged as a key hub for technology and innovation, with many global companies setting up operations in the country. The sector’s growth is driven by several factors, including government initiatives to promote startup activity, a large pool of skilled talent, and a favorable business environment.
The report’s findings are significant, as they highlight the technology sector’s role in anchoring office leasing in India. The sector’s dominance is likely to continue, driven by its rapid growth and expansion plans. This is likely to have a positive impact on the Indian real estate market, as it will create demand for office spaces and drive growth in the sector.
In addition to the technology sector, other sectors such as finance, healthcare, and consulting also played a significant role in office leasing in the top 7 cities. However, the report noted that these sectors accounted for a smaller share of leasing compared to the technology sector.
The report’s findings are likely to have implications for office space developers and investors. With the technology sector continuing to drive demand for office space, developers and investors are likely to focus on building and investing in properties that cater to the sector’s needs.
In conclusion, the technology sector’s dominance in office leasing in India is a significant trend that is likely to continue in the future. The sector’s rapid growth and expansion plans are driving demand for office spaces, and its long-term space plans are likely to have a positive impact on the Indian real estate market.
As the Indian real estate market continues to evolve, it will be interesting to see how the technology sector’s growth trends shape the market. Will the sector continue to anchor office leasing, or will other sectors emerge as key demand drivers? Only time will tell.
