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

Bengaluru, Hyderabad and Chennai together account for 62% of office space owned by India’s listed REITs, highlighting the growing institutionalisation of commercial real estate. Listed REITs held 167 million sq ft across eight major cities as of June 2026, with Bengaluru recording the highest REIT penetration.
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JLL India has appointed Nishant Kabra as Managing Director, Bengaluru, expanding his responsibilities across the city’s business lines while he continues leading Investment Sales and Debt Advisory for India. With nearly 20 years of real estate experience, Kabra will strengthen leadership across one of India’s most important commercial markets.
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India leased a record 21.5 million sq ft of office space in Q1 2026. GCC demand grew 43% year-on-year while new completions fell 36%. The result: the tightest concentration Bengaluru’s office market has seen in five years — and most 2026–27 term sheets aren’t pricing it in.
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Bengaluru remained India’s leading office market in H1 2026, recording 14.1 million sq. ft. of office transactions, with GCCs leading the activity. Rising demand from AI and semiconductor firms, growing adoption of flexible workspaces, and a strong residential market underscore the city’s expanding role as India’s commercial and innovation hub.
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Bengaluru is witnessing a surge in demand for AI-driven offices as global firms like Anthropic and OpenAI expand operations. GCC leasing, flexible workspaces, and premium assets are seeing strong traction, with the city accounting for 48% of GCC activity in Q1 2026, reinforcing its position as a global innovation hub.
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Bengaluru recorded the highest office rent growth in APAC at 14% in Q1 2026, according to Knight Frank. India’s top cities saw strong leasing activity, led by Mumbai’s record volumes. GCC demand, limited supply, and rising preference for premium assets continue to drive rental growth and market resilience.
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