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.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..