Mumbai, June 9
As global firms recalibrate their footprints, India is braced for intensified demand — not just for space, but for future-ready, flexible environments that can deliver performance, resilience, and purposeful design in equal measure, a new report said on Monday.
Global corporates are targeting over 100 million square feet of new workspace as disruption drives new wave of real estate demand.
As many as 63 per cent of the corporate real estate leaders surveyed expressed concern about economic and geopolitical volatility. But instead of freezing decision-making, companies are taking action by building optionality into their space strategies, including shorter leases, more flexible formats, and locations that align with risk diversification and talent access, said the report by Knight Frank.
“In India, this shift is already underway. Office leasing in the country reached 71.9 mn sq ft in 2024 — a 21 per cent YoY growth — while 2025 has started on a strong footing, clocking 28.2 mn sq ft in Q1 alone, up 74 per cent YoY,” said Shishir Baijal, Chairman and Managing Director, Knight Frank India.