Record-Breaking Office Rentals in Bengaluru and Delhi-NCR
For the first time, Bengaluru and Delhi-NCR have surpassed the Rs 100 per sq ft mark in average monthly rentals for prime office spaces, as per a recent report by real estate consultant Knight Frank.
Sustained Rental Growth Across Indian Cities
The sustained rental growth in Q1 2026, ranging from 2% to 15% across eight major Indian cities, indicates a strong demand for office spaces amid supply constraints.
Mumbai Leads the Pack
Mumbai's office rentals remain the highest, already surpassing Rs 100 per sq ft, while Bengaluru and Delhi-NCR have now joined the league.
Record Demand for Office Leases
The demand for office leases reached a record 29.9 million sq ft in January-March, yet office completions fell short as developers prioritized residential projects.
Main Players in the Office Space Market
- DLF Ltd: A notable developer in the office space market.
- Embassy Group: Another key player in the office space market.
- REITs: Four major Real Estate Investment Trusts are also major players in the office space market.