The corporate pause in India’s top cities is ending
Headline by Prism · from 1 report
Office space demand in India's major cities is beginning to recover as corporate decision-making accelerates.
The Economic TimesThe brief
Written by software from the 1 report below.
- International companies and Global Capability Centres are resuming expansion plans and leasing activities in India.
- Office developers report an increase in deal enquiries and closures after a period of deferred decision-making.
- Commercial real estate interest is rising as developers shift focus from a cooling residential sector to office development.
- This resurgence in activity suggests a positive outlook for the commercial property market in the coming quarters.
Who said what
5 quotes · 1 outlet
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Anshuman Magazine
chairman
2 quotes · 1 outlet
“The demand fundamentals of the Indian office market have held up through the year”
In the article
…said they are seeing early signs of international companies returning to the market, making enquiries and beginning to take decisions. They expect the current and next quarters to see a pick-up in deal closures. “ The demand fundamentals of the Indian office market have held up through the year ,” said AnshumanMagazine, chairman and CEO-India, Middle East, South East Asia and Africa at CBRE. “What we saw was not a slowdown but a brief period of deferred decision making, with occupiers taking time to calibrate…
“What we saw was not a slowdown but a brief period of deferred decision making, with occupiers taking time to calibrate their portfolios while they weighed geopolitical headwinds and cost implications.”
In the article
…to see a pick-up in deal closures. “The demand fundamentals of the Indian office market have held up through the year,” said AnshumanMagazine, chairman and CEO-India, Middle East, South East Asia and Africa at CBRE. “ What we saw was not a slowdown but a brief period of deferred decision making, with occupiers taking time to calibrate their portfolios while they weighed geopolitical headwinds and cost implications. As the macroeconomic picture has become clearer, that interest has quickly converted into actual space take-up.” Global capability centres (GCCs) and technology firms executing long-term expansion plans in the country…
Vibhor Jain
founder and CEO of CG Offices
2 quotes · 1 outlet
“With some moderation visible in residential activity, we are increasingly seeing enquiries for office development land and joint-development (JD) opportunities picking up”
In the article
…firms executing long-term expansion plans in the country continue to anchor leasing momentum. Carbon-neutral workspace provider CG Offices said several sizeable deals are being closed in the current quarter. “ With some moderation visible in residential activity, we are increasingly seeing enquiries for office development land and joint-development (JD) opportunities picking up ,” said Vibhor Jain, founder and CEO of CG Offices. “When residential activity starts to slow, capital and developers often begin looking more closely at commercial opportunities, particularly office-led development.”…
“The next few quarters could therefore be quite interesting, not just from a leasing perspective, but also from a land, development and investment standpoint”
In the article
…particularly office-led development.” The longer-term demand for office space, combined with improving transaction activity, is also making commercial real estate more attractive to developers and investors. “ The next few quarters could therefore be quite interesting, not just from a leasing perspective, but also from a land, development and investment standpoint ,” Jain said. Demand for large-format, quality office space remains strong, particularly from occupiers looking to consolidate, expand and prepare for their next phase of growth. In a recent investor call, Sriram…
Sriram Khattar
vice chairman
1 quote · 1 outlet
“Last about four-five weeks, I personally see the green shoots of the international companies coming back and making enquiries and starting to take decisions”
In the article
…the war between Iran and US and the ever-changing dynamics there. These two did slow down the decision-making of the global companies because as you investors and analysts will appreciate, no one likes uncertainty. Last about four-five weeks, I personally see the green shoots of the international companies coming back and making enquiries and starting to take decisions ,” Khattar said. Leasing activity in India’s office market declined 14.5% year-on-year in the second quarter of 2026, according to Cushman & Wakefield. The country’s top eight cities recorded absorption of 11.6 million…
Coverage
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All filed from India
NamedIndia · Anshuman Magazine · CBRE · CG Offices · Cushman & Wakefield · DLF Limited · Sriram Khattar · Vibhor Jain
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