India Q1 2026 Office Leasing Report
Analysis based on 7 articles · First reported May 08, 2026 · Last updated May 08, 2026
The report from Knight Frank indicates a robust and growing commercial real estate market in India, particularly in large office spaces, which is positive for investors in Indian real estate and related sectors. The sustained demand from Global Capability Centres, technology firms, and multinational corporations reflects confidence in India's economic growth, potentially attracting more foreign investment.
Knight Frank India released a report for Q1 2026, highlighting that large office space transactions (100,000 sq ft and above) dominated India's commercial leasing market, accounting for 65% of the total 29.9 million sq ft transacted. India — Bengaluru led this segment with 7 million sq ft, while India — Hyderabad and India — Mumbai showed significant year-on-year growth of 69% and 81% respectively. Viral Desai of Knight Frank India noted strong demand from Global Capability Centres, technology firms, and multinational corporations, underscoring confidence in India's long-term growth and its position as a global business hub. Mid-segment and small office spaces also saw growth, with India — Mumbai leading the small office category.
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