Lease

Office leasing activity in Bengaluru surged 59% in 2025, reflecting a sharp rebound in corporate demand and reinforcing the city’s position as India’s leading commercial real estate hub, according to a report by Knight Frank. The growth was driven by technology firms, global capability centers and flex-space operators expanding their footprints amid improving business sentiment. As companies recalibrated workplace strategies, Bengaluru benefited from its deep talent pool, cost competitiveness and mature office infrastructure.

Kolkata’s commercial real estate market is witnessing a remarkable resurgence as office leasing activity reaches its highest level in over a decade. Driven by corporate expansions, IT sector growth, and renewed investor confidence, leasing volumes have surged significantly, reflecting a shift in demand patterns toward modern, flexible workspaces. Analysts attribute the boom to favorable market conditions, competitive rental rates, and an uptick in startup and multinational activity in the city.

Urban Vault, a leading provider of flexible workspace solutions, has strengthened its presence in Bengaluru by signing notable leasing agreements with multiple Japanese companies. The development highlights the growing appeal of India’s tech capital as a preferred destination for international businesses seeking modern office infrastructure and access to skilled talent. These deals underscore a larger trend of foreign firms opting for managed office spaces to support hybrid work models, accelerate market entry, and reduce operational overhead.

India’s retail real estate market is witnessing a sharp revival, with retail leasing activity rising 45% year-on-year across the country’s top eight metropolitan cities, according to recent industry data. This surge reflects growing consumer spending, expansion by domestic and global brands, and a return of investor confidence in the retail sector. The first three quarters of 2025 have seen robust demand for high-street and mall spaces, particularly in Delhi-NCR, Mumbai, and Bengaluru.

India’s retail real estate market is witnessing a robust resurgence, with retail leasing activity in the top eight cities surging by 45% year-on-year, according to Cushman & Wakefield (C&W). The growth reflects strong consumer demand, increasing urbanization, and renewed investor confidence in organized retail spaces. High footfall zones, lifestyle centers, and high-street retail segments are driving the expansion, while brands across sectors—fashion, electronics, and F&B—are actively expanding their footprints.

India's office leasing activity across its top eight cities experienced a 6% decline in the third quarter of 2025, according to Knight Frank's latest report. This downturn, attributed to global economic uncertainties, contrasts with the robust performance observed in the first half of the year. Despite this quarterly dip, the overall leasing volume for 2025 is projected to surpass previous records, underscoring the resilience of India's commercial real estate sector.

The Delhi-NCR office real estate market has witnessed a remarkable 2.5-fold increase in leasing activity, driven by heightened demand from IT, fintech, and multinational corporations. Analysts attribute the surge to rising hybrid and flexible workspace requirements, expansion of corporate footprints, and improved economic sentiment post-pandemic. Leasing rates have strengthened, particularly in premium micro-markets such as Gurgaon, Noida, and central Delhi.

The Securities and Exchange Board of India (SEBI) has leased a luxury 5-bedroom apartment in Mumbai's Prabhadevi area for its Chairman, Tuhin Kanta Pandey, at a monthly rent of ₹7 lakh. The three-year lease, totaling ₹2.65 crore, has drawn public attention due to the high rental cost and the upscale location. SEBI asserts that the arrangement aligns with its internal policies. The deal highlights the challenges faced by public institutions in balancing transparency and governance with the expectations of their leadership.

SEBI's Housing Policy and the Lease Agreement