Mumbai turns into India’s priciest workplace market with 28% lease surge, Hyderabad ranks 2nd. Here’s city-wise breakdown | Mint

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The Mumbai Metropolitan Region (MMR) has emerged as the costliest industrial actual property market throughout India. The common rental within the area rose almost 28 per cent from 131 per sq ft in 2022 to 168 per sq ft in 2025, in accordance with information analysed by property consulting agency Anarock.

The main market in MMR, together with Bandra-Kurla Complex (BKC), Lower Parel, and Andheri East, continues to stay probably the most most well-liked areas by sectors equivalent to finance, IT/ITeS, and startups.

This vital improve in rental worth is as a result of post-pandemic rebound and hovering demand for premium workplace areas in main cities equivalent to MMR, Delhi NCR, Hyderabad and Bengaluru, the report acknowledged.

Hyderabad

Hyderabad witnessed the second-highest development throughout main cities in India, the place rents grew almost 24.1 per cent from 59 per sq ft in 2022 to 72 per sq ft in 2025.

Delhi-NCR

The rental worth in Delhi-NCR grew almost 20 per cent from 92 to 110 per sq ft on this interval. This development is primarily attributed to infrastructure tasks and the rising demand for workplace area in Noida and Gurugram.

Bengaluru

Meanwhile, workplace rents in Bengaluru elevated 15.8 per cent from 82 per sq ft in 2022 to 95 per sq ft in 2025. Regions equivalent to Whitefield, Outer Ring Road, and Electronic City nonetheless entice international clients.

Other main cities

Likewise, Pune and Chennai skilled average rental will increase of 11.1 per cent and 9.1 per cent, respectively, reflecting the steady but regulated development of their IT/ITES and industrial sectors.

Significant development in capital worth

According to a earlier report by Anarock launched in March 2025, capital values within the high seven cities rose considerably by 128 per cent between 2021 and 2024, whereas rental values in lots of micro markets appreciated lower than the general capital worth development.

In main cities, together with Bengaluru, Greater Mumbai, Delhi NCR, and Hyderabad, the common capital values rose greater than rental values between 2021-end and 2024-end.

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capital values, rental values, industrial actual property, Mumbai Metropolitan Region, workplace area

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