India's Office Stock to Cross 1 Billion Sq Ft Mark in 2026, CBRE Report Reveals
According to a recent report by CBRE, India's total office stock is likely to reach a milestone of 1 billion sq ft in 2026, highlighting the strong momentum in the commercial real estate sector.
Key Highlights from the Report
- 65-68% of office supply in 2026-27 expected to be in integrated technology parks
- Record highs in leasing activity and new supply in 2025, with annual gross absorption at 83.1 million sq ft
- New supply rose to an all-time high of 58.9 million sq ft, up 10% year-on-year
- Bengaluru, Mumbai, Delhi-NCR, and Hyderabad dominated the market, accounting for nearly three-quarters of total leasing activity
Sustainability and Green Certification
The report also highlighted the growing preference for high-quality developments, with around 45% of upcoming supply in 2026-27 expected to be Grade A assets. Sustainability continues to remain central, with green-certified buildings accounting for 87% of total completions in 2025.
Global Capability Centres (GCCs) Drive Demand
- Global Capability Centres (GCCs) contributed 39% of total leasing, equivalent to 32.8 million sq ft, during 2025
- Bengaluru, Hyderabad and Delhi-NCR together accounted for nearly 69% of GCC leasing activity
- GCCs are increasingly focusing on higher-value functions such as research and development and product ownership
Expert Insights
According to Anshuman Magazine, chairman and CEO, India, South-East Asia, Middle East and Africa, CBRE, the rise in supply within integrated tech parks reflects a deliberate convergence between developer strategies and the evolving needs of institutional occupiers.
“As global capability centres (GCCs) deepen their mandates into research and development and product ownership, the quality of the real estate ecosystem they operate in becomes a direct input into their ability to attract and retain specialised talent. India is building that ecosystem at scale, and the leasing data confirms that occupiers are responding,” he said.
“As GCCs deepen their presence in India, the bar is being raised further, with a growing need for infrastructure that can support highly specialised functions, including AI. It is becoming evident that digital infrastructure is now as critical as physical infrastructure and employee experience is a key driver of real estate decisions,” Ram Chandnani, managing director, Leasing, CBRE India, said.