Delhi: Office rents in NCR increase by 20% from Rs 92 to Rs 110 per sq ft., signalling a great revival in the commercial sector, as per Anarock. As businesses and companies return to physical workspaces, there’s an inclination towards Grade-A commercial environments that offer better infrastructure, sustainability features, and employee-centric design. This growth is majorly being driven by GCCs, MNCs, and sectors like BFSI, tech, and consulting, all of which are scaling up operations in the region.
Another report by Anarock shows that corporates in Bengaluru, Mumbai, and Delhi-NCR have pre-committed nearly 10.8 million sq ft of office space across 38 deals in the six months ending March 2025. This rise in pre-leasing activity reflects not only strong occupier sentiment but also expectations of sustained business expansion.
Besides, this rental surge is closely tied to the performance of its top micro-markets. Gurugram continues to lead the charge with its high-demand zones, while the Noida-Greater Noida Expressway attracts MNCs and businesses, offering large, scalable office formats at competitive rates. Alongside, emerging hubs like Faridabad are gaining ground as a well-connected alternative, especially with infrastructure enhancements and metro expansion boosting its appeal.
Sanchit Bhutani, Managing Director, Group 108 said that Delhi-NCR continues to draw strong corporate interest, with its infrastructure, skilled talent pool, and the growing availability of Grade-A office spaces. Among its key corridors, the Noida-Greater Noida Expressway has emerged as a powerful business magnet. Numerous global corporations and MNCs are acquiring office spaces here, showing the corridor’s future-readiness and appeal. Hence, this momentum puts forward a clear opportunity for developers to deliver scalable, high-spec office spaces tailored to large occupiers. As the ecosystem matures, we believe this corridor will continue to be an investment-worthy destination in NCR.”
Further, Delhi-NCR’s office market is gaining strong traction because of the powerful mix of infrastructure upgrades, urban renewal, and attractive real estate options it offers. Developments like the Dwarka Expressway, Delhi-Mumbai Expressway, the upcoming Delhi-Meerut RRTS, and Noida International Airport are enhancing regional accessibility and are changing how and where businesses choose to operate.
Prakash Mehta, Chairman and Managing Director, Ocus Group, says , “In our view, Gurugram’s emerging corridors are catching attention. Sohna Road, in particular, is attracting mid-to-large companies that want quality workspaces without the steep price tags of saturated markets. Among its key sectors, Sector 68 stands out, offering great connectivity to the Golf Course Extension Road and NH-48. Besides, the sector sees a steady rise in interest from IT, consulting, and BFSI firms, many of whom are prioritising modern amenities and green-certified buildings. Hence, we believe this paves the way for developers to step up and align their offerings with the next-gen office spaces.”
Thus, far from being a short-term spike, NCR’s growth reflects a deeper shift in corporate priorities, where Grade-A offices have become central to real estate strategies, not just for functionality but for talent attraction, sustainability, and scalability.