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

India is set to outperform the Asia-Pacific region in office real estate growth in 2026, supported by strong leasing, stable vacancies, and GCC expansion. Bengaluru leads rental growth, while Mumbai and Delhi-NCR show steady gains. Robust occupier demand is expected to absorb new supply without weakening prime rents.
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Mumbai has emerged as India’s most expensive commercial office market, with rentals up 28% since 2022. ANAROCK reports rising demand driven by U.S.-based firms and Global Capability Centres (GCCs). Key cities like Delhi NCR, Hyderabad, and Bengaluru also saw strong growth, highlighting continued momentum in India’s premium office space sector.
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Kolkata led India in office rental growth in Q1 2025 with a 9% rise despite a dip in leasing activity. Key deals and infrastructure improvements are fueling demand. The city also saw a surge in mid-range home sales, signalling strong momentum in both commercial and residential real estate markets.
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