NCR's office market has evolved into a network of distinct sector-wise clusters.
The National Capital Region (NCR) has moved away from being treated as a single, monolithic office market. It has fragmented into distinct, purpose-driven "micro-market clusters" defined by industry specialization, talent profiles, and infrastructure. In 2025, NCR recorded approximately 13.6 million sq. ft. in office leasing, maintaining its position as a top-tier Indian hub.
The Three Pillars of NCR Office Real Estate:
The Rise of Managed Offices:The market is shifting from traditional long-term leases to "Managed Offices" and "Flexible Workspaces." Businesses are prioritizing speed-to-market and low capex, choosing "plug-and-play" environments over building their own fit-outs. Location intelligence is now a strategic business tool—where talent lives determines where the office is placed.