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India office market 2026

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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 market is set for strong growth in 2026 with demand projected at 70–75 million sq ft and supply at 60–65 million sq ft. Colliers highlights GCC expansion, flex spaces, and sustainability as key drivers shaping the sector’s future.

India Office Market to See 70–75 mn sq ft Demand in 2026, Supply at 60–65 mn sq ft

India’s office market is set for strong growth in 2026 with demand projected at 70–75 million sq ft and supply at 60–65 million sq ft. Colliers highlights GCC expansion, flex spaces, and sustainability as key drivers shaping the sector’s future.
India’s Global Capability Centres leased a record 31 million sq ft in 2025, transforming cities, creating jobs, and driving real estate demand as companies expand beyond metros into Tier-II markets.

India to Lead APAC Office Market Growth in 2026 Driven by Strong GCC Demand

India is set to lead the Asia-Pacific office market in 2026, driven by record leasing, strong GCC demand and rising preference for high-quality office spaces, according to Knight Frank.