
Mumbai contributed the highest to pan-India absorption in Q3 2025, around 47%. In value terms, the city led pan-India absorption with 4.29 Mn sq ft, registering a sharp quarter-on-quarter rise of 377% and 10% increase compared to Q3 2024, indicating a revival after a muted previous quarter. The increase in absorption can be attributed to renewed occupier demand in key micro-markets such as Bhiwandi and Panvel, which accounted for nearly 96% of the total absorption in the city.