According to a report from Savills India, the office space market in India is projected to absorb over 70 million square feet this year. From January to September 2024, demand reached 55.1 million square feet, representing a 30% year-on-year increase across six cities. This year-to-date leasing activity has set a new benchmark for the January-September period, matching the full-year performance of 2022. With just seven million square feet left to surpass 2023’s total, 2024 is expected to see absorption levels between 70 and 74 million square feet. In Q3 FY25, office absorption reached 20.2 million square feet, marking a 28% increase compared to Q3 FY24.