GCCs, tightening supply to keep India's office market on growth track: Equirus

India's major cities are seeing strong demand for office space, with net absorption reaching 27.4 million sq ft in the first half of 2026. This growth, driven by a 2% year-on-year increase, is largely due to a surge in Global Capability Centers (GCCs) and a tightening supply of available inventory.
For investors, this trend signals a robust recovery and expansion in the commercial real estate sector. It suggests that corporate leasing activity remains resilient despite broader economic uncertainties. The focus now shifts to how developers manage this high demand and whether they can sustainably increase their supply to meet future requirements.
Key takeaways
- Category: Sector.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.













