Which Indian cities have the highest office rents?

Mumbai (BKC, Lower Parel), Delhi (Connaught Place) and Bengaluru CBD sit at the top of the rent table, followed by Gurugram’s Golf Course Road and Hyderabad’s HITEC City. Established suburban hubs are materially cheaper for comparable Grade A space. HSN Realty provides current, negotiated per-sq-ft pricing by micro-market.

What is driving India office demand right now?

Global capability centre (GCC) expansion is the single largest driver, alongside technology, engineering-R&D, BFSI and flexible-workspace operators taking space to sub-lease. Tightening Grade A vacancy in the best micro-markets is pushing pre-commitments in under-construction buildings.

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IBM India Leases 2 . 83 Lakh Sq Ft Office Space in Bengaluru for a Decade , ETRealty

realty.economictimes.indiatimes.com24 October 2026

IBM India has secured a 10-year lease for 2.83 lakh sq ft of office space in Bengaluru, marking a significant move for its operations in the city. The total expenditure is estimated at Rs 522 crore, encompassing rental and fit-out costs.

This is a summary of a commercial real estate news report. Read the full article on realty.economictimes.indiatimes.com.

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Office Leasing News: the context

India’s office market runs on gross absorption, vacancy and the Grade A supply pipeline. Bengaluru, Delhi NCR, Mumbai, Hyderabad, Pune and Chennai account for the large majority of institutional leasing, with demand led by global capability centres, technology firms, flex operators and BFSI. Rents are quoted per sq ft per month on chargeable area, and the effective cost depends on the rent-free fit-out period, escalation clause and lock-in as much as the headline number.

This page tracks the reported deals, rent movements and supply updates that shape those decisions. HSN Realty represents occupiers — so if a headline here matters to your own requirement, the team can pull live availability, negotiated pricing and comparable transactions for the specific city and micro-market you are looking at.

Which Indian cities have the highest office rents?: Mumbai (BKC, Lower Parel), Delhi (Connaught Place) and Bengaluru CBD sit at the top of the rent table, followed by Gurugram’s Golf Course Road and Hyderabad’s HITEC City. Established suburban hubs are materially cheaper for comparable Grade A space. HSN Realty provides current, negotiated per-sq-ft pricing by micro-market.
What is driving India office demand right now?: Global capability centre (GCC) expansion is the single largest driver, alongside technology, engineering-R&D, BFSI and flexible-workspace operators taking space to sub-lease. Tightening Grade A vacancy in the best micro-markets is pushing pre-commitments in under-construction buildings.

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Headlines aggregated from public news sources. HSN Realty is not affiliated with the publisher and the summary above is provided for reference only.