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Bengaluru office market

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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.
Awfis posted record FY26 revenue of ₹1,493 crore, driven by strong coworking demand, rising enterprise leasing, and expansion across premium office spaces in India.

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.
India’s office vacancy has fallen to 13.85%, the lowest since 2020, driven by strong demand and limited supply. With rents rising and premium spaces tightening, the market is shifting in favour of landlords.

Office Vacancy Falls to 13.85%, Lowest Since 2020: Demand Surges While Supply Shrinks

India’s office vacancy has fallen to 13.85%, the lowest since 2020, driven by strong demand and limited supply. With rents rising and premium spaces tightening, the market is shifting in favour of landlords.