Mumbai, Jan. 10 -- Mumbai consolidated its position as India's largest residential real estate market in 2025 while recording the second-highest office leasing volume in more than a decade, according to Knight Frank India's latest report.

In its India Real Estate: Office and Residential Market, July-December 2025 (H2 2025) report, Knight Frank India said Mumbai closed the year with 9.8 million sq ft of office leasing, despite a 5 per cent year-on-year decline, making 2025 the second-strongest year for commercial absorption in over ten years.

Leasing activity in the second half stood at 4.3 million sq ft, supported by large-format transactions in scalable suburban locations.

Global Capability Centres (GCCs) emerged as the dominant deman...