Moneycontrol.com-Office fit-out costs jump as demand for sustainable workspaces grows, Mumbai tops the list
The average cost to make a vacant space into a usable office surged in India in 2024, with Mumbai proving the most expensive at $73 (Rs 6,303) per square foot (sq ft), followed by the Delhi-National Capital Region market at $69 (Rs 5,958) per sq ft, according to Cushman & Wakefield’s ‘Fit-Out Cost Guide’ report.
Bengaluru was next at $67 (Rs 5,786) per sq ft, while Chennai, Hyderabad, Kolkata, Ahmedabad and Pune stood at $65 (Rs 5,613) per sqft.
According to the report, while India recorded an average 3 percent rise in fit-out cost across the top eight cities, it remains one of the most cost-effective office-fit-out destinations in the Asia-Pacific (APAC) region, making it an attractive market for businesses expanding their workplaces.
