India’s Office Leasing Reaches Record High as Global Firms Fuel Commercial Infrastructure Growth

India’s commercial real estate sector has achieved its strongest first half on record, with office leasing touching 45.5 million square feet across the country’s top nine cities during H1 2026. The milestone reflects continued confidence among multinational companies, Global Capability Centres (GCCs) and flexible workspace operators, reinforcing India’s position as one of the world’s fastest-growing business destinations.

According to property consultancy CBRE, office leasing increased by nearly 10 per cent compared with the same period last year. The growth came despite global economic uncertainty, showing that international businesses continue to expand their operations in India to benefit from its skilled workforce, competitive costs and improving infrastructure.

Global Capability Centres remained the biggest contributor to leasing activity, accounting for around 43 per cent of all office transactions. These centres, which handle technology, finance, engineering, research and business operations for multinational corporations, have become one of the biggest drivers of demand for Grade A office developments across India’s leading cities. Large occupiers also dominated premium office transactions, highlighting the growing need for modern commercial spaces equipped with sustainable features and advanced digital infrastructure.

Bengaluru continued to lead the market, supported by its strong technology ecosystem and established GCC presence. Hyderabad, Delhi NCR, Pune, Chennai, Mumbai and other major cities also witnessed healthy leasing activity as businesses expanded their footprints. Developers have increasingly focused on green-certified buildings, smart office campuses and energy-efficient infrastructure to meet evolving corporate requirements.

Flexible workspace providers also played a significant role in the market. Many organisations are now adopting a hybrid occupancy strategy by combining conventional office space with managed workspaces that offer greater flexibility. This approach allows businesses to scale operations quickly while managing costs and responding to changing workforce needs.

The surge in commercial leasing is creating ripple effects across the wider infrastructure sector. Every new office development requires supporting infrastructure such as roads, metro connectivity, power supply, water networks, digital connectivity and urban services. As more multinational firms establish larger operations in India, demand is also rising for integrated business districts, mixed-use developments and transit-oriented commercial hubs.

The growth of GCCs is particularly significant because these centres often represent long-term investments rather than temporary expansions. Their presence encourages further investment in surrounding infrastructure, hospitality, residential housing and retail developments, creating a broader economic multiplier effect. Cities that successfully attract these investments are likely to witness continued improvements in urban infrastructure and employment opportunities.

Industry experts expect the momentum to continue through the remainder of 2026 as more global companies strengthen their India operations. With corporate occupiers increasingly prioritising sustainable buildings, digital readiness and employee-friendly workplaces, developers are responding by delivering higher-quality commercial assets that align with international standards.

The latest figures underline how commercial real estate has become an essential pillar of India’s infrastructure story. While highways, airports and industrial corridors remain central to development, modern office infrastructure is emerging as another key contributor to economic growth, attracting investment, supporting employment and strengthening India’s role as a global business hub.