India Office Market 2026: Supply Dips Amid Demand Surge
Colliers India reports a 15% drop in Delhi-NCR and 37% in Mumbai office supply. Explore how GCCs and BFSI demand are transforming Indian commercial real estate in 2026.
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NEW DELHI-According to the latest Colliers India report, Delhi-NCR and Mumbai witnessed a significant decline in new office supply in 2025, falling by 15% and 37%, respectively. Despite this drop, the demand for Grade A office spaces remains exceptionally robust.
The surge in Global Capability Centres (GCCs) and a booming BFSI sector are outstripping supply across India’s top seven cities. As vacancies decline, real estate experts anticipate a sharp rise in office rentals throughout the Indian commercial real estate market.
