IIMB-CRE Matrix Commercial Property Rental Index for Offices (October 2025)

CRE Matrix, in collaboration with IIM Bangalore, is proud to present the 3rd Edition of the IIMB–CRE Matrix Commercial Property Rental Index (CPRI) Report – October 2025. This edition reaffirms the steady momentum of India’s Grade A/A+ office market, led by consistent rental growth across top cities. Pan-India (Tier 1 Cities) CPRI–2025–Q2 – Office – Grade A/A+ recorded a 3-Year CAGR of 6.1% and Y-o-Y growth of 3.8%. Mumbai topped city-wise quarterly growth with a 3.6% QoQ rise, reinforcing its position as the country’s most consistent office market. Delhi led in annual growth with a 16.4% YoY increase, highlighting the premium commanded by limited Grade A supply. Gurugram followed closely, registering a 3.2% QoQ and 8.1% YoY rise.