India office leasing expected to rise 12-14% in FY27: Ind-Ra
NEW DELHI: According to India Ratings and Research (Ind-Ra), the commercial real estate sector in India’s office market is expected to stay strong, with FY26 absorption predicted to increase by over 10% year-on-year, reaching around 79-80 million sq ft. For FY27, the rating agency forecasts a 12-14% year-on-year growth in office leasing, anticipating total leasing to hit 85-90 million sq ft. Vacancy rates are expected to stabilize between 12-18%, while rental prices may see a 4-6% increase year-on-year, driven by global capability centres (GCCs) and flexible workspace operators. Ind-Ra notes that volatility linked to the Middle East and the Strait…