Emptiness ranges fell to fifteen.7% towards 16.9% a yr in the past and 16.1% within the earlier quarter, with core markets resembling Bengaluru, Mumbai, Hyderabad and Delhi-Nationwide Capital Area (NCR) witnessing each year-on-year and sequential declines, confirmed JLL India knowledge. Bengaluru‘s emptiness hit a three-year low, whereas Mumbai and Delhi-NCR had been at their lowest in 15 years.
“The nation stands tall as occupiers pivot their post-uncertainty expansion plans, preserving India central to their progress methods. With sturdy workplace occupancies already creating area constraints within the present portfolios of huge occupiers, there are clear alerts of imminent portfolio growth,” stated Radha Dhir, CEO and nation head, India, JLL.
Given the robust pipeline of deal exercise and present efficiency trajectory, India’s leasing quantity is predicted to succeed in unprecedented ranges of at the very least 80 million sq. ft this yr, she stated.
Internet absorption throughout the highest seven markets within the nation touched practically 40 million sq ft within the first 9 months of 2025, up 24.8% year-on-year. The July-September quarter recorded 15.76 million sq ft of web absorption, a 40% improve from the earlier quarter.
“Whereas Q3 noticed transaction timing impacts, the basics level past restoration. We’re witnessing a structural market evolution. India is not simply absorbing world volatility; it is turning into the spine of next-generation company operations, with a document year-end end nicely inside attain,” stated Samantak Das, chief economist and head of analysis and Real Estate Intelligence Service, India, JLL.The January-September interval additionally marked the highest-ever cumulative web absorption for Delhi-NCR, Bengaluru, Pune and Chennai. Bengaluru led exercise with a 26.5% share, adopted by Delhi-NCR at 24.8% and Hyderabad at 13.7%.
Emptiness ranges drop to fifteen.7% amid document web absorption and leasing momentum, says JLL
Demand from world functionality centres (GCCs), together with new entrants, continued to be robust, accounting for about half the lively area necessities.
The revival in third-party tech exercise, pushed by synthetic intelligence and new expertise initiatives, additional boosted India’s tech outsourcing market.
Info expertise and IT-enabled providers continued to dominate with a 28% share, adopted by versatile workspaces at 19%, whereas banking, monetary providers and insurance coverage (BFSI) and manufacturing maintained 15-16%.
GCCs accounted for about half the lively area demand, reinforcing India’s place as a central hub in world company growth plans.
Delhi-NCR and Bengaluru collectively accounted for practically half the online absorption in the course of the September quarter, at 24.6% every. Pune posted the sharpest quarterly improve of 148%, adopted by Mumbai at 67.5%. On a year-on-year foundation, Delhi-NCR grew 49.9%, Bengaluru 31.1% and Chennai 37.7%.
A gradual pipeline of offers is supporting excessive leasing exercise, whereas low emptiness ranges present India’s rising significance in world growth plans.