Do India's tech hubs Offer Lower Office Fit-Out Costs in Asia Pacific?
Click to start listening
Synopsis
Discover how India's tech hubs are becoming increasingly attractive for businesses with significantly lower office fit-out costs compared to major financial centres in the Asia-Pacific region. With cities like Chennai and Hyderabad providing competitive pricing, this trend is shaping the future of workplace investments.
Key Takeaways
- India's tech hubs offer 5-10% lower office fit-out costs compared to the Asia-Pacific region.
- Chennai is the most economical city, with costs 10% below the national average.
- Mumbai is the most expensive city in India for office fit-outs at 7% above average.
- Rapid construction growth is changing the cost dynamics rapidly.
- Indian cities remain competitive against premium APAC markets.
Mumbai, May 23 (NationPress) Tech hubs across India are providing office fit-out costs that are 5-10% lower than those found in financial centres within the Asia-Pacific region. According to a report released on Friday, Bengaluru offers fit-out costs that are 5% below the national average, while Hyderabad is 8% below average.
Chennai stands out as the most cost-effective option among major Indian cities, with its costs being approximately 10% lower than the national average.
In contrast, Mumbai ranks as the most expensive city in India for office fit-outs, with costs 7% above the national average, reflecting its status as one of India's leading commercial hubs, as per the report by JLL.
Delhi follows closely at 4% above the average, while Kolkata and Pune show slightly higher costs compared to the national baseline.
The report highlights that Indian cities are among the most cost-competitive in the extensive Asia-Pacific region. When compared to Hong Kong as a regional baseline, cities such as Mumbai, Delhi, and Bengaluru present significantly lower fit-out costs compared to premium markets in the APAC region.
Tokyo is identified as the most expensive location in the APAC region for office fit-outs, with costs on par with global financial centres like New York and London.
Singapore is also noted as a high-cost destination, while Australian cities Sydney and Melbourne, along with Auckland, fall in the mid-range of the index, according to the report.
“This cost variation presents concrete capital expenditure planning opportunities for organizations managing multi-city portfolios,” stated Jipujose James, Managing Director, PDS, India, JLL.
However, the swift construction growth observed in India's urban centres, particularly in tech hubs, indicates a rapidly changing cost landscape,” added Jipujose James.
On the lower end of the city cost index are cities in India (Mumbai, Delhi, Bengaluru), China (Tianjin), and Vietnam (Ho Chi Minh City).
While costs in these areas are relatively lower, many are experiencing swift construction growth and changing cost structures, especially in India's key tech hubs like Bengaluru and Hyderabad.
As urban centres in India continue to evolve and vie for business investments, these cost dynamics are anticipated to shift, the report concluded.
Point of View
It is crucial to recognize that the evolving cost dynamics in India's tech hubs reflect a growing trend in the real estate market. This shift not only highlights India's competitive edge but also emphasizes the importance of staying updated with these changes to guide corporate investments in the region. Our commitment remains focused on delivering insightful and relevant information to our audience.
NationPress
12/06/2025
Frequently Asked Questions
What is the average office fit-out cost in Bengaluru?
Bengaluru's office fit-out costs are reported to be 5% below the national average.
Which city in India has the lowest fit-out costs?
Chennai emerges as the most economical city, with fit-out costs approximately 10% below the national average.
How do Indian cities compare to APAC financial centres?
Indian cities are positioned as cost-competitive, with significantly lower fit-out costs compared to premium markets like Hong Kong.
Which city is the most expensive for office fit-outs in India?
Mumbai is the most expensive city for office fit-outs, with costs 7% above the national average.
What impact is rapid construction growth having on costs?
Rapid construction growth in India's urban centres is leading to a quickly evolving cost landscape, particularly in major tech hubs.
