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GCC India growth

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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.
Smartworks has signed a major ~1.66 lakh sq ft lease with Wolters Kluwer in Pune’s Kalyani Nagar, reinforcing its leadership in managed office campuses and accelerating enterprise-driven growth across India.

Tier-2 Cities Outpace Metros in Coworking Boom — Demand Jumps 25% in Just One Year

Coworking operators are tapping into booming Tier-2 city demand, with Awfis reporting a 25% expansion beyond metros in one year. Upgraded Grade A spaces, enterprise expansion, and GCC entries are driving this shift.