India Office Leasing Hits Record 24.6 mn Sq Ft in Q2

15 Jul 2026 CW Team

India's office market recorded its strongest quarterly performance in April–June 2026, with gross leasing touching a record 24.6 million (mn) square feet, driven by demand from flexible workspace operators and Global Capability Centres (GCCs). The CBRE report noted that absorption rose 18 per cent quarter-on-quarter and 14 per cent year-on-year. Developers delivered a record 21 mn sq ft of new office space during the quarter, marking the highest quarterly supply on record.

The first half of 2026 also marked the strongest six-month period on record as total office absorption reached around 45.5 mn sq ft and new supply stood at about 32 mn sq ft for January–June. Flexible workspace operators emerged as the largest occupier segment in the quarter, accounting for 27 per cent of leasing activity. GCCs continued to anchor demand, representing 42 per cent of absorption in Q2 and 43 per cent in H1.

On the supply side, about 76 per cent, or roughly 16 mn sq ft, of new completions in Q2 were green-certified while 74 per cent were located within integrated technology parks. Bengaluru led office leasing with a 27 per cent share in the quarter, and Bengaluru, Pune and Delhi?NCR together accounted for approximately 58 per cent of quarterly absorption. During H1, Bengaluru, Delhi?NCR and Mumbai together contributed about 61 per cent of total office absorption.

The report observed that Delhi?NCR recorded its highest-ever quarterly flexible workspace leasing and Pune posted its highest-ever quarterly office leasing, both markets driven largely by flexible workspace demand. Fortune 500 companies leased 6.8 mn sq ft of office space in the quarter, representing 28 per cent of total leasing. CBRE projected that GCCs would account for more than 40 per cent of total office space absorption in 2026 as technology-led demand and preference for high-quality assets continue to shape the market.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..