Indian professionals work in a modern high-rise office with city views.
India’s office market demonstrated a cautious yet resilient performance in the second quarter of fiscal year 2026. Demand for office spaces outpaced the introduction of new supply, leading to selective rental gains in active micro-markets. Despite an overarching sense of caution within the sector, the first half of 2026 witnessed significant leasing activity.
This robust leasing was largely propelled by the expansion of Global Capability Centers (GCCs) and a growing trend towards flexible workspace adoption. Key metropolitan areas such as Bengaluru and Hyderabad emerged as leaders in leasing volumes. However, the report also noted a discernible slowdown in large-scale deals within Mumbai and Pune during the same period.
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