India’s commercial real estate sector is undergoing a green transformation, with Grade A green-certified office stock rising 65% since 2019 across the top seven cities. As of H1 2025, 530 Mn sq. ft. of the total 865 Mn sq. ft. Grade A office inventory is green-certified, up from 322 Mn sq. ft. in 2019.
Bengaluru leads the charge with 163 Mn sq. ft. of green-certified space—73% of its total Grade A stock—followed by NCR (97 Mn sq. ft.) and Hyderabad (87 Mn sq. ft.). Kolkata lags with just 17.4 Mn sq. ft., or 3% of the green-certified share.
In H1 2025, 74% of the 26.8 Mn sq. ft. net office absorption occurred in green-certified buildings, with Bengaluru again dominating at 80%. Pune, Chennai, and Kolkata each saw 76% of leasing in green-certified spaces.
Despite commanding up to 24% higher rentals, green-certified buildings maintain lower vacancy rates—14% versus 16.3% in non-certified spaces. In MMR, green buildings lease at Rs177/sq. ft., compared to Rs143/sq. ft. for regular Grade A stock, with vacancies at just 8%.
“The push towards sustainability comes partly from the government’s own initiatives and commitments, and partly from the demand for such solutions. There is increasing awareness about the need for sustainability across all real estate segments,” — Anuj Puri, Chairman, ANAROCK Group
India’s green office boom is not just a trend—it’s a strategic pivot toward climate resilience, global competitiveness, and responsible urban growth.
