Overview

• India’s total office stock is projected to surpass 1 billion square feet by Q3 2025, elevating it to the world’s fourth-largest office market, according to Knight Frank India.
• Grade A properties now represent 53% of India’s office inventory, followed by 43% Grade B and 4% Grade C as demand shifts toward premium, ESG-compliant workspaces.
• Average rent for Grade A office space declined to $0.96 per square foot per month in 2025, reinforcing India’s sub-dollar cost advantage for multinational occupiers.
• Bengaluru (229 million sq ft), the National Capital Region (199 million sq ft) and Mumbai Metropolitan Region (169 million sq ft) together account for 60% of total stock, with Hyderabad, Pune and Chennai adding another 33%.
• Knight Frank forecasts India’s office stock could expand to 2 billion square feet between 2036 and 2041, driven by formalisation trends and sustained real estate absorption.