News: Large Deals Made 59% of Office Leasing in H1 2026-25-07-2026
Office transactions of 100,000 sq ft and above accounted for 28.2 mn sq ft of leasing across India’s eight leading cities in H1 2026, or 59% of the total 48.0 mn sq ft, a Knight Frank India report said. The cities covered are Bengaluru, Hyderabad, Delhi NCR, Mumbai, Pune, Kolkata, Chennai and Ahmedabad.
Bengaluru remained the largest market, with 10.1 mn sq ft of large deals, 72% of its total leasing, despite a moderation from the exceptionally strong H1 2025. The report attributed the high activity in Bengaluru and Hyderabad to Global Capability Centres (GCCs).
Hyderabad and NCR each recorded 4.9 mn sq ft of large leasing, forming 65% and 68% of their respective absorption. Mumbai logged 3.1 mn sq ft, or 42% of its transactions.
Hyderabad was the fastest-growing market for large occupiers. Leasing above 100,000 sq ft rose 63% YoY from 3.0 mn sq ft in H1 2025 to 4.9 mn sq ft, lifting the share of such deals in the city from 51% to 65%.
Viral Desai, International Partner, Senior Executive Director, Knight Frank India, said demand from GCCs, technology companies and multinational corporations remains strong, and that Hyderabad, NCR, Mumbai and Pune have raised their share of large transactions as occupiers favour high-quality, future-ready assets.
Mid-sized spaces of 50,000 sq ft to 100,000 sq ft saw 9.0 mn sq ft of leasing, 19% of the total. Bengaluru led with 2.3 mn sq ft, followed by Mumbai (1.7 mn sq ft) and Hyderabad (1.4 mn sq ft).
Spaces below 50,000 sq ft totalled 10.8 mn sq ft, or 22%. Mumbai led with 2.5 mn sq ft, ahead of Bengaluru (1.7 mn sq ft), Pune (1.6 mn sq ft) and NCR (1.5 mn sq ft).
