India’s office market in the top seven cities stood strong at 35.7 million square feet in the first half of 2026, marking a 6% increase from the same period in 2025. Despite a slower second quarter, growth momentum remained steady, as reported on Thursday. Grade A space uptake slightly moderated to 17.4 million sq ft in Q2 2026, following a robust first quarter, yet the market demonstrated resilience amidst global trade disruptions and economic uncertainties, according to a recent Colliers India report.
Arpit Mehrotra, Managing Director of Office Services, India at Colliers, highlighted the market’s stability, attributing it to a strong first quarter that mitigated the impact of the ongoing global crisis. The second quarter of 2026 marked the ninth consecutive quarter with over 15 million sq ft of Grade A space uptake across the top seven office markets, showcasing the robust fundamentals of India’s office market.
The report emphasized the structural strength of commercial real estate in India, driven by factors such as cost arbitrage, talent availability, and sustained domestic economic growth. Bengaluru retained its position as India’s leading office market during H1 2026, accounting for 10.5 million sq ft of space uptake, representing a 29% share. Hyderabad followed closely with 7.2 million sq ft of leasing, contributing around one-fifth of the total demand in the first half of 2026.
Hyderabad experienced a notable 47% annual increase in leasing activity during H1 2026. Additionally, Delhi NCR, Mumbai, and Chennai each witnessed leasing activities ranging from 4-5 million sq ft in the first six months of the year. Vimal Nadar, National Director and Head of Research at Colliers India, projected that GCCs are expected to make up 40-50% of the Grade A office space uptake in 2026.
