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Bengaluru office market

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India’s office sector delivered 37.9 million sq ft leasing in H1 2026 with a marginal 3.9% YoY decline. GCCs leased 15.8 mn sq ft and flex operators hit a record 10.23 mn sq ft as net absorption reached a decade-high of 26.9 mn sq ft, per JLL.

India Office Market Leases 37.9 Mn Sq Ft in H1 2026; GCCs on Track to Break Record

India’s office sector delivered 37.9 million sq ft leasing in H1 2026 with a marginal 3.9% YoY decline. GCCs leased 15.8 mn sq ft and flex operators hit a record 10.23 mn sq ft as net absorption reached a decade-high of 26.9 mn sq ft, per JLL.
Hyderabad and Pune have emerged as India’s top GCC office rental markets in Q1 2026, with CPRI levels above 210 and healthy premiums, even as the pan-India GCC index cooled to 165.3 while the broader market rose.

Hyderabad Leads GCC Office Rental Index at 212.1; Pune Close at 210.7 in Q1 2026

Hyderabad and Pune have emerged as India’s top GCC office rental markets in Q1 2026, with CPRI levels above 210 and healthy premiums, even as the pan-India GCC index cooled to 165.3 while the broader market rose.
After more than two decades, the Maharashtra government has revised the carpet area of staff quarters for its officers and employees. The new norms significantly increase the size of government housing across all pay levels, reflecting changing lifestyle needs and modern construction standards.

Grade A Office Boom Hits Record, Mid-Tier Spaces Struggle for Demand

India’s office market is splitting in two—record demand and rising rents for Grade A spaces, while mid-tier buildings struggle with high vacancies and falling relevance amid the GCC boom.
India’s office sector delivered 37.9 million sq ft leasing in H1 2026 with a marginal 3.9% YoY decline. GCCs leased 15.8 mn sq ft and flex operators hit a record 10.23 mn sq ft as net absorption reached a decade-high of 26.9 mn sq ft, per JLL.

India Office Market Hits Record High in Q1 2026: 21.5 Million Sq Ft Leasing Signals Strong Growth Despite Global Challenges

India’s office real estate market records its strongest-ever Q1 with 21.5 million sq ft leasing, led by GCCs and tech firms, as cities like Bengaluru and Mumbai drive growth despite global headwinds.
India’s office real estate market saw a sharp 36% drop in new construction in Q1 2026, even as leasing demand surged 20%, tightening vacancies and pushing rentals higher across major cities.

Office Demand Surges But Construction Crashes 36% in Q1 2026 Amid West Asia Crisis

India’s office real estate market saw a sharp 36% drop in new construction in Q1 2026, even as leasing demand surged 20%, tightening vacancies and pushing rentals higher across major cities.