Q1 2026 Office Completions Drop 36% Amid West Asia Tensions
Representative Image NEW DELHI: According to a report by Vestian, India’s office space completions plunged 36% quarter-on-quarter, reaching 9.7 million sq ft in Q1 2026, the lowest in a year. The slowdown can be attributed to global uncertainties, including the West Asia conflict, causing developers to adopt a more cautious stance. Cities like Bengaluru, Hyderabad, and Mumbai were significantly affected, with Hyderabad’s completions dropping to just 0.3 million sq ft from 6 million sq ft in the previous quarter. Despite this reduction in supply, office demand remained strong, with absorption increasing by 20% year-on-year to 21.53 million sq ft, driven…