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Bengaluru Sets the Pace for Office Leasing in Early 2026; Five Major Deals of the Quarter to Know 0
- Industry News
- May 5, 2026
Bengaluru topped India’s office leasing in Q1 2026 with a 24.8% share and 5.3 million sq ft leased, driven by strong GCC demand. Major deals by Enzyme, Morgan Stanley, Airbus, Brigade Group, and Honeywell highlight rising demand for flexible, large-format, and enterprise-grade office spaces across key micro-markets.
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BHIVE Signs ₹240 Cr Mega Deal with Concorde, Strengthens Bengaluru Flex Footprint 0
- Industry News
- May 5, 2026
BHIVE Workspaces has leased 1.4 lakh sq ft at Concorde Econex in Bengaluru for 15 years in a deal worth ₹240 crore. The expansion adds 3,000 seats and boosts its growth toward 1 million sq ft. Bengaluru continues to dominate India’s flex office market, which has crossed 100 million sq ft.
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Delhi-NCR Office Market Hits a Speed Bump, But Long-Term Growth Story Stays Strong 0
- Industry News
- May 5, 2026
Delhi-NCR’s office leasing dropped sharply in Q1 due to lower supply, with net absorption down 60%. However, strong demand from global firms, upcoming mega projects, and falling vacancy rates across India signal resilience. Experts believe the market is shifting toward high-quality, flexible workspaces despite a short-term slowdown and evolving occupier needs.
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TEC Bets Big on India with Expansion and ₹2,600 Crore IPO Push 0

The Executive Centre is expanding in India with 90,000 sq. ft across Mumbai and Pune while planning a ₹2,600 crore IPO. The move targets rising demand for premium flexible workspaces driven by GCCs and hybrid work, with flex spaces expected to exceed 20% of Grade A office demand.

Smartworks Posts Q4 Profit, Revenue Surges 47% as Enterprise Demand Fuels Flex Growth 0

Smartworks reported a Q4 FY26 profit of ₹16.62 crore, reversing last year’s loss, as revenue surged 47% to ₹533 crore. Strong enterprise demand for managed workspaces drove growth. With a 16.1 million sq ft portfolio and ₹5,200 crore contracted revenue, the company enters FY27 with strong visibility and momentum.

Bagmane REIT IPO Signals Next Wave of Institutional Capital in India’s Office Market 0

The ₹3,405 crore Bagmane Prime Office REIT IPO marks a major milestone in India’s commercial real estate market. Backed by Blackstone, the REIT features high-occupancy Grade A+ assets, strong GCC tenant demand, and built-in rental growth. A large development pipeline reflects rising institutional confidence in India’s office sector.

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