India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

India’s flex workspace market reached a new high in H1 2026, with 191,306 seats leased across eight major cities. Operators leased a record 8.4 million sq ft and captured nearly 20% of office demand. GCCs led growth, while Hyderabad, Delhi NCR and Mumbai posted strong gains.
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DHL Supply Chain India has leased 2.4 lakh sq ft of warehouse space in Hoskote for about ₹35 crore. The deal includes a monthly rent of ₹56.4 lakh, a 4.5% annual escalation, and a three-year lock-in. The transaction reinforces Hoskote’s rising role as a key industrial hub.
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India’s office leasing market recorded 19.4 million sq ft of gross absorption in Q1FY27, down 6% year-on-year, while net absorption fell 21%. Geopolitical tensions delayed corporate commitments, but GCC demand remained strong. Tightening vacancy rates, resilient REIT portfolios, and a proposed tax cut could support the sector amid near-term uncertainty.
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India’s six listed REITs distributed ₹3,136 crore to over 4.85 lakh unitholders in Q1 FY2026-27, nearly doubling the previous year’s payout. With gross AUM above ₹3.17 lakh crore and portfolios covering 214 million sq. ft., REITs are strengthening their role in India’s office and retail real estate market.
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