NEW DELHI: In H1 2026, large office transactions (1 lakh sq ft and above) amounted to 28.2 million sq ft across India’s eight major cities, as reported by Knight Frank India.
These sizable deals constituted 59% of a total leasing volume of 48 million sq ft during the same period.
Bengaluru led the way with 10.1 million sq ft in large office deals, representing 72% of the city’s total leasing activity.
Hyderabad and NCR followed closely, each recording 4.9 million sq ft in large office leases, accounting for 65% and 68% of their respective total leasing volumes.
Mumbai saw 3.1 million sq ft in large transactions, equaling 42% of its overall office leasing, while Pune logged 3.8 million sq ft, or 57% of its total deals.
Hyderabad was noted as the fastest-growing market for large office occupiers, showing a 63% year-on-year increase from 3 million sq ft in H1 2025 to 4.9 million sq ft in H1 2026.
The proportion of large office transactions in Hyderabad rose from 51% to 65% during the same period.
Mid-sized office space leasing (between 50,000 sq ft and 1 lakh sq ft) reached 9 million sq ft in H1 2026, making up 19% of total transactions.
Bengaluru dominated this segment with 2.3 million sq ft, followed by Mumbai with 1.7 million sq ft and Hyderabad with 1.4 million sq ft.
Leasing for smaller office spaces (under 50,000 sq ft) totaled 10.8 million sq ft, representing 22% of overall leasing activity.
Mumbai led this category with 2.5 million sq ft, followed by Bengaluru at 1.7 million sq ft, Pune at 1.6 million sq ft, and NCR at 1.5 million sq ft.
Among smaller markets, Ahmedabad recorded 0.8 million sq ft in total office transactions in H1 2026, with no large deals exceeding 1 lakh sq ft. Chennai saw 1.1 million sq ft in large transactions, while Kolkata had 0.3 million sq ft.
