Corporates pre-book large office spaces nationwide

New Delhi

From October 2024 to March 2025, companies signed 38 major deals for office spaces in India, covering about 10.8 million square feet. According to a report by Anarock, most of these deals were made in Bengaluru, Mumbai, and the National Capital Region (NCR).

Bengaluru led with 5.7 million sq. ft., or 53% of the total. Mumbai followed with 3.1 million sq. ft. (29%) and NCR with 2 million sq. ft. (19%). These cities are popular among Indian firms and global companies, especially in tech, banking, and shared office sectors.

The high demand is due to companies wanting modern offices with strong technology, green features, and smart designs. Many firms, including global capability centres (GCCs), are looking for big, high-quality spaces that support their growth and identity.

Because of the shortage of top-quality office space in the past two years, many businesses are now booking offices in advance. These pre-commitment deals are signed while buildings are still under construction. This helps companies secure better locations, negotiate leases, and avoid future rent increases.

The report also said Bengaluru had the largest average deal size—about 0.5 million sq. ft. per deal. In Mumbai, it was 0.4 million sq. ft., and NCR averaged 0.1 million sq. ft. About 42% of all deals were for spaces larger than 0.3 million sq. ft.

Most big deals came from international companies in the IT and financial sectors, aiming to grow in India’s business hubs.