India, Feb. 11 -- Driven by demand from Global Capability Centers (GCCs), engineering and manufacturing sectors, BFSI, and flexible office spaces, gross leasing across the top six cities is projected to reach 65-70 million sq ft in 2025. Bengaluru is expected to contribute around one-third of the total office space demand. The asset quality of commercial real estate is anticipated to improve, with developers focusing on the construction of high-quality, rent-generating assets, with plans to list them as Real Estate Investment Trusts (REITs), according to a report by Colliers India.|Also Read: Office space transactions in Kochi surge 28% to 17 million sq ft by the end of 2024: Report

Colliers' latest report, 'India Office: Setting New Sta...