Delhi office market set to grow with 5 million sq ft after nearly decade of sluggish additions: CBRE
(source : ANI) ( Photo Credit : ani)
Delhi’s real estate market is gearing up for a major boost after years of slow growth. Experts at CBRE predict that around 5 million square feet of fresh office space will hit the market between 2025 and 2027. This comes after a tough stretch since 2016, when a shortage of buildable land kept new developments in check.
Anshuman Magazine, CBRE’s Chairman and CEO for India, South-East Asia, Middle East, and Africa, shares an optimistic view. “Delhi’s strong economy has not only revived its property scene but set it on a steady path of top-notch growth,” he says. Today’s homebuyers and business owners care more about perks like green spaces, eco-friendly designs, and smart amenities—not just the spot on the map. This shift highlights the city’s rising wealth and a push for better living. Clear rules and regulations have matured the market, building trust and drawing big investments. With the Delhi Master Plan 2041 steering the way, the capital is set to shine in India’s booming real estate story.
The latest CBRE report points to sustained growth in Delhi’s real estate, fueled by smart policies, forward-thinking city planning, and tech innovations. Government moves and oversight from Delhi RERA (DLRERA) bring transparency, making the city a hot spot for investors. The Delhi Master Plan 2041 lays out a big-picture plan for urban growth, blending in rural zones and focusing on affordable housing.
In the first half of 2025 (January to June), Delhi absorbed about 400,000 square feet of office space, thanks to solid business vibes in prime districts. Key players led the charge: research, consulting, and analytics firms grabbed 39% of leases, flexible workspaces took 23%, and banking, financial services, and insurance (BFSI) claimed 18%. Together, they made up 80% of all office leasing in those six months.
Retail isn’t lagging behind either. Delhi saw a solid uptake of 230,000 square feet of retail space in H1 2025, with high-street spots snagging 72% of the action. Fashion and apparel brands topped the list at 35%, followed by homeware and department stores (20%) and food and beverage spots (17%). This shows how shoppers crave fun, lifestyle-focused stores in buzzing areas. Higher incomes and global luxury brands entering the fray are supercharging this trend. As premium retail spaces open up and more brands eye Delhi, leasing activity looks set to stay hot in the months ahead.
Over in residential real estate, the Delhi-NCR area is on fire, especially for luxury homes. From January to June 2025, developers launched around 21,000 new units—a 35% jump from last year. Sales matched that energy with over 21,000 units sold. High-end (31%), premium (26%), and luxury (18%) properties dominated, covering 75% of total sales.
Limited supply and hot demand have pushed up property prices, particularly in South-East and South-West Delhi. Big infrastructure wins like expanded metro lines and new expressways will soon spotlight outlying areas, drawing developers and investors to these up-and-coming spots.
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