Industrial leasing boom: India’s top 8 cities see 28% rise; Delhi-NCR leads with 11.7 million sq ft
In comparison, total leasing across these top cities—including Delhi-NCR, Bengaluru, Mumbai, Hyderabad, Chennai, Pune, Kolkata, and Ahmedabad—stood at 28.8 million sq ft in the same period of 2024.As per news agency PTI, CBRE’s latest ‘India Market Monitor Q3 2025 – Industrial & Logistics’ report highlighted that Delhi-NCR accounted for the largest share of leasing activity at 11.7 million sq ft, followed by Bengaluru at 5.7 million sq ft and Hyderabad at 4.6 million sq ft.
Collectively, these three cities contributed 59 per cent of total space take-up.
Mumbai and Kolkata registered leasing of 4.2 million sq ft and 3.8 million sq ft, respectively.Anshuman Magazine, chairman & CEO – India, South-East Asia, Middle East & Africa at CBRE, said, “The demand is largely led by the expansion of Third-Party Logistics (3PL) providers and the accelerated deployment of quick commerce.
Companies are increasingly focused on supply chain optimisation and resilience, driving a mandate for sophisticated, high-specification Grade A assets that support automation and reduce last-mile friction.”As per PTI, Ram Chandnani, managing director, advisory & transaction services, India at CBRE, added that this momentum is expected to continue as businesses focus on optimising supply chains and expanding their footprints.During the January-September period, new supply reached 23.8 million sq ft, with institutional investor-backed developers continuing to expand.
Bengaluru, Chennai, and Mumbai together accounted for 62 per cent of the total new supply in the first nine months of the year, the report noted.
