{"id":357404,"date":"2025-08-04T14:48:34","date_gmt":"2025-08-04T09:18:34","guid":{"rendered":"https:\/\/www.technologyforyou.org\/?p=357404"},"modified":"2025-08-04T14:48:34","modified_gmt":"2025-08-04T09:18:34","slug":"65-growth-in-grade-a-green-office-stock-across-top-7-cities-since-2019","status":"publish","type":"post","link":"https:\/\/www.technologyforyou.org\/65-growth-in-grade-a-green-office-stock-across-top-7-cities-since-2019\/","title":{"rendered":"65% Growth in Grade A Green Office Stock Across Top 7 Cities Since 2019"},"content":{"rendered":"<ul style=\"font-weight: 400;\">\n<li><em>As of H1 2025, approx. 530 Mn sq. ft. of Grade A office stock is green certified across the top 7 cities, against approx. 322 Mn sq. ft. back in 2019<\/em><\/li>\n<li><em>Total Grade A office stock in the top 7 cities is approx. 865 Mn sq. ft. of which 530 Mn sq. ft. or 61% is green certified<\/em><\/li>\n<li><em>With highest green-certified office stock (approx. 163 Mn sq. ft.) among all cities, Bengaluru also has highest percentage share (73%) of green stock out of its total Grade A stock (approx. 223 Mn sq. ft.)<\/em><\/li>\n<li><em>In H1 2025, the top 7 cities saw net absorption of 26.8 Mn sq. ft. &#8211; over 74% (approx. 19.93 Mn sq. ft.) was leased in green-certified office buildings<\/em><\/li>\n<li><em>Up to 24% higher rentals for green-certified buildings in H1 2025, but vacancies lower at 14% against 16.30% in non-green certified spaces<\/em><\/li>\n<\/ul>\n<p style=\"font-weight: 400;\"><strong>Mumbai, 4th August 2025:<\/strong>\u00a0With global occupiers seeking green certifications in new Indian office buildings, Grade A office developers are increasingly constructing LEED, IGBC or GRIHA certified stock to stay in sync with the demand. Latest ANAROCK Research data shows a significant 65% jump in overall Grade A green-certified office stock across the top 7 cities since 2019.<\/p>\n<p style=\"font-weight: 400;\">Approx. 530 Mn sq. ft. of Grade A office stock in the top 7 cities out of the total Grade A office stock of 865 Mn sq. ft. is green certified as of H1 2025 across cities. Back in 2019, approx. 322 Mn sq. ft. had such certification.<\/p>\n<p style=\"font-weight: 400;\">At approx. 163 Mn sq. ft., Bengaluru has the maximum stock of green-certified office stock among these cities in H1 2025 \u2013 a 31% share of the total, green-certified inventory in the top 7 cities.<\/p>\n<ul style=\"font-weight: 400;\">\n<li>NCR comes a distant second with approx. 97 Mn sq. ft. or 18% overall green-certified share.<\/li>\n<li>Hyderabad has approx. 87 Mn sq. ft. green certified Grade A office stock, or a 16% overall share.<\/li>\n<li>Kolkata has the least green-certified office stock with just approx. 17.4 Mn sq. ft., or 3%.<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">&#8220;City-wise, Bengaluru also accounts for the highest percentage share of green-certified Grade A office stock in the top 7 cities,&#8221; says\u00a0<strong>Anuj Puri, Chairman &#8211; ANAROCK Group<\/strong>. &#8220;Of its total Grade A office stock of 223 Mn sq. ft., nearly 73% or approx. 163 Mn sq. ft.\u00a0 in Bengaluru is green-certified. In contrast, MMR &#8211; with total Grade A office stock of approx. 144 Mn sq. ft. in H1 2025 &#8211; just 67 Mn sq. ft. or 47% as green-certified.&#8221;<\/p>\n<p style=\"font-weight: 400;\">In both NCR and Hyderabad, 62% each of the total Grade A office stock is green-certified. In NCR, out of the total 157 Mn sq. ft. of office stock, approx. 97 Mn sq. ft. is green-certified. In Hyderabad, approx. 87 Mn sq. ft. of a total of 140 Mn sq. ft. Grade A office stock is green-certified.<\/p>\n<p style=\"font-weight: 400;\">\u201cThe push towards sustainability comes partly from the Government\u2019s own initiatives and commitments, and partly from the demand for such solutions,&#8221; adds Puri. &#8220;There is increasing awareness about the need for sustainability across all real estate segments. However, the demand for sustainable office buildings outstrips that for green housing. A vast number of occupiers, especially MNCs and GCCs, now insist on sustainability features only available in green-certified Grade A office buildings.&#8221;<\/p>\n<p style=\"font-weight: 400;\">In contrast, there has still not been such an imperative-driven shift in the Indian housing segment, and this is visible in the relative scarcity of green residential stock in the country. Commercial real estate is proving to be India&#8217;s sustainability vanguard.<\/p>\n<p style=\"font-weight: 400;\"><strong>H1 2025: Rentals Vs Vacancy Levels<\/strong><\/p>\n<p style=\"font-weight: 400;\">As per ANAROCK data, the top 7 cities saw approx. 26.8 Mn sq. ft. of office space leased in H1 2025, of which over 74% (approx. 19.93 Mn sq. ft.) was in green-certified office buildings. City-wise, Bengaluru led decisively &#8211; of the net 6.6 Mn sq. ft. Grade A office stock leased in the city in the first half this year, certified green buildings accounted for a massive 80% &#8211; approx. 5.3 Mn sq. ft.<\/p>\n<p style=\"font-weight: 400;\">In Pune, Kolkata and Chennai, the percentage share of leasing in the green certified buildings stood at 76% each in H1 2025.<\/p>\n<table style=\"font-weight: 400;\" width=\"577\">\n<tbody>\n<tr>\n<td width=\"115\"><strong>City<\/strong><\/td>\n<td width=\"131\"><strong>Total Net Absorption (Mn sft) H1 2025<\/strong><\/td>\n<td width=\"171\"><strong>Net Absorption in Green-certified (Mn sft)<\/strong><\/td>\n<td width=\"161\"><strong>% Leasing Share of Green-Certified stock<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>Bangalore<\/strong><\/td>\n<td width=\"131\">6.6<\/td>\n<td width=\"171\">5.3<\/td>\n<td width=\"161\">80%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>MMR<\/strong><\/td>\n<td width=\"131\">4.5<\/td>\n<td width=\"171\">3.25<\/td>\n<td width=\"161\">72%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>NCR<\/strong><\/td>\n<td width=\"131\">5<\/td>\n<td width=\"171\">3.8<\/td>\n<td width=\"161\">76%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>Chennai<\/strong><\/td>\n<td width=\"131\">2.3<\/td>\n<td width=\"171\">1.75<\/td>\n<td width=\"161\">76%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>Hyderabad<\/strong><\/td>\n<td width=\"131\">4.2<\/td>\n<td width=\"171\">2.9<\/td>\n<td width=\"161\">69%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>Pune<\/strong><\/td>\n<td width=\"131\">3.8<\/td>\n<td width=\"171\">2.9<\/td>\n<td width=\"161\">76%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>Kolkata<\/strong><\/td>\n<td width=\"131\">0.45<\/td>\n<td width=\"171\">0.03<\/td>\n<td width=\"161\">7%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>Total<\/strong><\/td>\n<td width=\"131\"><strong>26.85<\/strong><\/td>\n<td width=\"171\"><strong>19.93<\/strong><\/td>\n<td width=\"161\"><strong>74%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"font-weight: 400;\"><em>Source: ANAROCK Research &amp; Advisory<\/em><\/p>\n<p style=\"font-weight: 400;\">Despite their commanding premium rentals vis-\u00e0-vis regular Grade A office stock, green-certified office spaces have seen leasing increase significantly over the last six years. The average monthly rentals of green-certified office spaces in the top 7 cities are up to 24% higher than in regular, non-certified Grade A office stock.<\/p>\n<table style=\"font-weight: 400;\" width=\"416\">\n<tbody>\n<tr>\n<td width=\"115\"><strong>City<\/strong><\/td>\n<td width=\"131\"><strong>Total Grade A Office Stock Vacancy<\/strong><\/td>\n<td width=\"171\"><strong>Green Certified Office Stock Vacancy<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>Bangalore<\/strong><\/td>\n<td width=\"131\">12.40%<\/td>\n<td width=\"171\">12%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>MMR<\/strong><\/td>\n<td width=\"131\">15.10%<\/td>\n<td width=\"171\">8%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>NCR<\/strong><\/td>\n<td width=\"131\">22.20%<\/td>\n<td width=\"171\">20%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>Chennai<\/strong><\/td>\n<td width=\"131\">9.10%<\/td>\n<td width=\"171\">13%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>Hyderabad<\/strong><\/td>\n<td width=\"131\">26.60%<\/td>\n<td width=\"171\">20%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>Pune<\/strong><\/td>\n<td width=\"131\">11.75%<\/td>\n<td width=\"171\">11%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>Kolkata<\/strong><\/td>\n<td width=\"131\">17.90%<\/td>\n<td width=\"171\">17%<\/td>\n<\/tr>\n<tr>\n<td width=\"115\"><strong>PAN India<\/strong><\/td>\n<td width=\"131\"><strong>16.30%<\/strong><\/td>\n<td width=\"171\"><strong>14%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"font-weight: 400;\"><em>Source: ANAROCK Research &amp; Advisory<\/em><\/p>\n<p style=\"font-weight: 400;\">In MMR, the average monthly rent of a Grade A office space is approx. INR 143 per sq. ft., while a green-certified building leases out at approx. INR 177 per sq. ft. (24% higher). In Chennai, the average office rent in green-certified buildings commands a 16% premium over regular Grade A office spaces.<\/p>\n<p style=\"font-weight: 400;\">In Kolkata, the monthly green vs. non-green rental gap is narrowest at just 4%. The average monthly rent in a regular Grade A office space is approx. INR 62 per sq. ft. in H1 2025, while green-certified buildings lease out at approx. INR 64.5 per sq. ft.<\/p>\n<p style=\"font-weight: 400;\">Despite the premium rents, green-certified office spaces have lower vacancies at 14% across the top cities combined, against a 16.30% vacancy rate in non-green certified buildings. In MMR, the vacancy in green-certified office buildings is just 8%, in contrast to the 15.10% vacancy in non-green Grade A stock.<\/p>\n<p style=\"font-weight: 400;\">Chennai is the only city where vacancy levels in green-certified buildings (13%) is higher than in regular Grade A office stock (9.10%).<\/p>\n<p style=\"font-weight: 400;\">\u201cThe surging popularity of green office buildings across India is not merely a passing trend, but a strategic imperative in line with the nation\u2019s bold climate ambitions,\u201d says Puri. \u201cIndia has committed to achieving net-zero emissions by 2070, and to expand its non-fossil energy capacity to 500GW by 2030. Green office buildings are a major link in this equation. As India grapples with escalating urban pollution and environmental pressures, both developers and businesses must take responsibility for championing sustainable choices in the built environment.\u201d<\/p>\n<p style=\"font-weight: 400;\">Moreover, with multinational corporations increasingly insisting on certified eco-friendly workspaces as a key criterion for their operations, prioritizing green buildings is crucial for India to remain globally competitive and attract high-value international occupiers. By increasingly embracing sustainable office infrastructure, India advances both its environmental commitments and its standing as a destination for responsible global business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of H1 2025, approx. 530 Mn sq. ft. of Grade A office stock is green certified across the top 7 cities, against approx. 322 Mn sq. ft. back in 2019 Total Grade A office stock in the top 7 cities is approx. 865 Mn sq. ft. of which 530 Mn sq. ft. or 61% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14083],"tags":[],"class_list":{"0":"post-357404","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-technology-industry-news"},"_links":{"self":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/357404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/comments?post=357404"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/357404\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media?parent=357404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/categories?post=357404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/tags?post=357404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}