Demand for office space would be driven primarily by the BFSI, technology, and flexible space sectors
Mumbai’s office real estate market is expected to register double-digit growth between FY 2027 and FY 2030, according to CBRE India Mid-Year Market Outlook.While office demand is projected to grow at a compound annual growth rate of 12-15 per cent, residential demand will grow by 6-8 per cent. The report was released at the CII real estate summit in Mumbai on Tuesday.
According to the report, sustained high-quality supply is expected to unlock double-digit growth for office space in Mumbai. “Demand set to be driven primarily by the BFSI, technology, and flexible space sectors. In case of the residential segment, demand is expected to be driven by infrastructure development, premium housing expansion, and the emergence of new residential growth corridors across the MMR,” the report added.Published on September 9, 2026
