Projected Office Supply in India: 65% from Tech Parks by 2026-27
Synopsis
A recent report reveals that integrated technology parks are set to account for 65-68% of India's office supply by 2026-27, marking a significant growth from previous years. Major cities lead in leasing activity, indicating a strong trend in the commercial real estate market.
Key Takeaways
65%-68% of India's office supply will come from tech parks by 2026-27 .
India's total office stock is set to exceed 1 billion sq ft .
83.1 million sq ft was the gross absorption for the office market in 2025 .
Bengaluru, Mumbai, Delhi-NCR, and Hyderabad dominated leasing activity.
GCCs are expanding focus on R&D and product ownership.
New Delhi, March 18 (NationPress) An estimated 65% to 68% of the anticipated office space in India for the period of 2026-27 is projected to arise in integrated technology parks, according to a report released on Wednesday.
The analysis by CBRE indicates an increase from the 54% to 58% range noted for 2024-25. This year, India's total office inventory is also expected to surpass the 1 billion sq ft milestone.
Furthermore, the report highlighted that 2025 marked a peak year for the office sector concerning leasing and supply.
“The annual gross absorption reached a remarkable 83.1 million sq ft for the third consecutive year, while new supply hit an unprecedented 58.9 million sq ft, reflecting a 10% year-on-year increase,” stated the CBRE report.
Regionally, Bengaluru, Mumbai, Delhi-NCR, and Hyderabad collectively represented approximately 75% of the overall leasing activity throughout the year. Additionally, these cities accounted for 69% of the leasing of global capability centres (GCCs).
In 2025, GCCs contributed to around 39% of total office absorption, leasing about 32.8 million sq ft in major urban centers, as indicated by the report.
The findings suggested that GCCs are poised for further expansion in 2026, with a heightened focus on intricate R&D functions and global product stewardship. R&D-centric GCCs have experienced a growth rate of 1.3 times faster than the overall GCC establishments in India since 2020.
Anshuman Magazine, Chairman and CEO at CBRE, remarked that the rising proportion of supply within integrated tech parks signifies a convergence between developer strategies and the evolving requirements of occupiers.
He elaborated that GCCs are broadening into domains such as research and development and product ownership, thereby making high-quality real estate essential for attracting and retaining talent.
“The preference for integrated tech parks is robust among GCCs, with approximately 65% of these occupiers anticipating portfolio expansions of at least 10% by 2027,” the report concluded.
Point of View
I view this report as a reflection of India's evolving commercial real estate landscape. The growing demand for office space in integrated technology parks indicates a shift towards innovation and collaboration, aligning with global trends in workspace design and functionality. This trend not only highlights the need for quality real estate but also emphasizes the importance of adapting to the changing needs of businesses.
NationPress
8 Jul 2026
Frequently Asked Questions
What percentage of office supply in India will come from tech parks by 2026-27?
Approximately 65% to 68% of the projected office supply in India is expected to come from integrated technology parks by 2026-27.
Which cities are leading in leasing activity for office space?
Bengaluru, Mumbai, Delhi-NCR, and Hyderabad are leading in leasing activity, accounting for nearly 75% of the total leasing in the market.
What is the expected growth of global capability centres (GCCs) by 2026?
GCCs are anticipated to expand further in 2026, focusing more on high-complexity R&D roles and global product ownership.
How much office space did GCCs absorb in 2025?
In 2025, GCCs accounted for about 39% of total office absorption, leasing approximately 32.8 million sq ft.
What is the significance of integrated tech parks for GCCs?
GCCs have a strong preference for integrated tech parks, with around 65% expecting to expand their portfolios by at least 10% by 2027.
