India Market Monitor Q1 2026 - Office

At the start of 2026, India’s real estate market continued to exhibit resilience, underpinned by steady economic activity and domestic demand. While geopolitical developments remained fluid, key sectors recorded stable performance across major cities.

Against this backdrop, the country’s office market recorded its highest‑ever leasing volume for a January-March period in Q1 2026, supported by sustained expansion from global capability centres (GCCs) and steady demand from domestic occupiers.

Leasing momentum during the quarter was complemented by new supply additions, with select cities accounting for a majority share of completions. Rental growth was observed across several prominent micro-markets, supported by declining vacancy levels.

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