India's Record Office Leasing 2026
Analysis based on 7 articles · First reported Jul 06, 2026 · Last updated Jul 06, 2026
The record office leasing in India, driven by multinational companies, indicates strong economic growth and a favorable business environment, which could attract further foreign investment. This positive trend in the real estate sector suggests potential for growth in related industries and a generally optimistic outlook for India's economy, despite global uncertainties.
India's office market achieved record leasing in the first half of 2026, absorbing 45.5 million square feet of space, a 9.6% increase from the previous year. This growth was primarily fueled by multinational companies expanding their Global Capability Centres (GCCs) and flexible workspace operators signing larger deals. GCCs accounted for 43% of all leasing, with a 30% year-on-year jump in deals. Fortune 500 companies also contributed significantly, leasing 6.8 million sq. ft. in the second quarter. Property consultant CBRE Group reported these findings, with its Managing Director-Leasing, Ram Chandnani, highlighting India's talent pool, cost advantages, and real estate availability as key drivers. Despite geopolitical tensions and economic uncertainty elsewhere, India remains a crucial destination for technology and business support functions. Fitch Ratings — India Ratings and Research also noted that Middle East-related volatility is unlikely to materially affect office demand, and CBRE Group anticipates resilient demand through the rest of 2026.
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