Lahiri totaled nine-under 279 and was three shots behind winner, Thailand's Prayad Marksaeng (66) at 12-under. Swede Rikard Karlberg (67) was second at 11-under 277 at the Black Mountain Golf Club.
Winner of one title, Lahiri has had three other second place finishes and this one in third adds to a fine year, where he has finished in third place on the Order of Merit. It also sealed his place on the Asian team for the EurAsia Cup in March.
Speaking about the final round, Lahiri said: "It was a good solid round of golf for me. I had it going early on then I lost it through the middle of the round. I should have made a couple more birdies but I'm really happy with another solid week. Lots of positives that I can take back from this week. I needed something like that (eagle on 17) because I couldn't get the round going."
Prayad Marksaeng completed a Royal double when he posted a six-under 66 to win the King's Cup Golf and he added that to the Queen's Cup he won in June.
Karlberg, who had taken a share of the lead for the first two rounds, had to settle for second place after signing off with a 67.
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