Mumbai: India’s commercial real estate market has reached a historic milestone, with total occupied office stock across the country’s leading eight office markets rising to 901.1 million sq ft as of June 30, 2026, according to Knight Frank India.
The occupied office stock grew 6% year-on-year (YoY) from 847.0 million sq ft in H1 2025, highlighting continued occupier confidence and business expansion across India’s major office markets. Total office stock in the country stood at 1.05 billion sq ft.
Viral Desai, International Partner and Senior Executive Director, Occupier Strategy Solutions, Industrial & Logistics, Capital Markets & Retail, Knight Frank India, said that GCC expansion and the growing footprint of domestic enterprises continue to drive office demand, with occupiers increasingly preferring established markets offering access to talent, quality infrastructure and scale.
Bengaluru Leads India’s Office Market
Bengaluru retained its position as India’s largest office market, with occupied stock reaching 222.4 million sq ft in H1 2026, registering 8% YoY growth.
NCR followed with 178.1 million sq ft, recording 2% YoY growth, while Mumbai reported occupied office stock of 146.6 million sq ft, growing 5% YoY.
Hyderabad also recorded strong growth, with occupied stock reaching 114.3 million sq ft, an 8% YoY increase.
Pune Nears 100 Million Sq Ft
Among markets with less than 100 million sq ft of occupied stock, Pune emerged as one of the fastest-growing markets. Its occupied office stock increased 10% YoY to 98.8 million sq ft, putting the city on track to cross the 100-million-sq-ft mark.
Chennai recorded 88.9 million sq ft, registering 6% YoY growth.
Ahmedabad posted the highest percentage growth among the tracked cities, with occupied office stock rising 9% YoY to 27.5 million sq ft.
Kolkata recorded 24.4 million sq ft of occupied office stock, marking 6% YoY growth.
Occupied Office Stock Across India’s Leading Eight Markets
| City | H1 2025 | H1 2026 | YoY Growth |
|---|---|---|---|
| Bengaluru | 205.4 mn sq ft | 222.4 mn sq ft | 8% |
| NCR | 174.7 mn sq ft | 178.1 mn sq ft | 2% |
| Mumbai | 140.0 mn sq ft | 146.6 mn sq ft | 5% |
| Hyderabad | 105.5 mn sq ft | 114.3 mn sq ft | 8% |
| Pune | 90.0 mn sq ft | 98.8 mn sq ft | 10% |
| Chennai | 83.9 mn sq ft | 88.9 mn sq ft | 6% |
| Ahmedabad | 25.2 mn sq ft | 27.5 mn sq ft | 9% |
| Kolkata | 22.3 mn sq ft | 24.4 mn sq ft | 6% |
| All India | 847.0 mn sq ft | 901.1 mn sq ft | 6% |
Source: Knight Frank Research
Key Takeaways
- India’s occupied office stock crossed the 900 million sq ft milestone in H1 2026.
- Bengaluru remains the country’s largest office market at 222.4 million sq ft.
- Pune recorded the strongest growth among the major markets at 10% YoY.
- Ahmedabad posted the highest percentage growth among the tracked cities at 9% YoY.
- GCC expansion and domestic enterprise growth continue to support office-space demand.