Around 65–68% of the upcoming office supply in India by 2026–27 is anticipated to be in integrated technology parks, marking an increase from 54–58% in 2024–25, as per a CBRE report. The country’s total office space is set to surpass 1 billion sq ft this year.
In 2025, the office market saw a peak in leasing and supply, with annual gross absorption hitting a record 83.1 million sq ft for the third consecutive year and new supply reaching an all-time high of 58.9 million sq ft, up by 10% year-on-year, the report highlighted.
Bengaluru, Mumbai, Delhi-NCR, and Hyderabad collectively dominated nearly three-fourths of the total leasing activity in 2025, with these cities also accounting for 69% of global capability centers (GCCs) leasing activities.
City-wise, Bengaluru, Mumbai, Delhi-NCR, and Hyderabad together accounted for nearly three-fourths of the total leasing activity during the year. Moreover, these cities contributed 69 per cent of global capability centres (GCCs) leasing.
In 2025, GCCs accounted for around 39 per cent of total office absorption, leasing about 32.8 million sq ft across major cities, according to the report.
The report said GCCs are expected to expand further in 2026, with a greater focus on high-complexity R&D roles and global product ownership. R&D-focused GCCs have grown 1.3 times faster than overall GCC setups in India since 2020.
Anshuman Magazine, Chairman and CEO at CBRE, highlighted that the increasing share of supply within integrated tech parks mirrors the alignment between developer strategies and changing occupier demands. He emphasized that high-quality real estate plays a crucial role in attracting and retaining talent, especially as GCCs venture into research and development and product ownership.
The preference for integrated tech parks remains strong among GCCs, with around 65% of such occupiers planning to expand their portfolios by at least 10% by 2027, according to the report.
