The commercial real estate market in Delhi NCR has witnessed a remarkable surge in the first half of 2025, recording a gross leasing volume of 7.2 million square feet. This represents a significant 27% year-on-year growth, signaling strong business confidence and economic resilience.
Gurugram Leads the Pack
Gurugram continues to be the preferred destination for corporate occupiers, accounting for a staggering 65% of the total leasing activity. Key micro-markets such as DLF Cyber City, NH-48, and Golf Course Extension Road remain the most sought-after locations for Grade A office spaces.
Key Drivers of Growth
- Global Capability Centers (GCCs): Multinational corporations are increasingly setting up or expanding their capability centers in NCR, attracted by the deep talent pool and quality infrastructure.
- Flex Space Operators: The demand for flexible workspace solutions has skyrocketed, with operators leasing large floor plates to cater to enterprise clients.
- Return to Office: As more companies mandate return-to-office policies, the need for premium, collaborative workspaces has intensified.
Outlook for H2 2025
With a robust pipeline of high-quality supply entering the market, particularly in Noida and emerging Gurugram sectors, the momentum is expected to sustain throughout the year. Rental values in prime locations are projected to see a steady appreciation of 5-7%.