India’s occupied office stock across the country’s eight leading markets grew 7% year-on-year (YoY) to 917.7 million square feet (mn sq ft) as of 30^th September 2026, up from 859.4 mn sq ft as of 30^th September 2025, according to Knight Frank India. The increase of 58.3 mn sq ft reflects sustained expansion in occupied office space across major commercial real estate markets, with Bengaluru continuing to lead in scale and Pune crossing the 100 mn sq ft milestone.

Bengaluru retained its position as the country’s largest office market, with occupied stock rising 9% YoY to 227.9 mn sq ft. Pune’s occupied office stock reached 101.0 mn sq ft as of 30^th September 2026, registering a 9% YoY increase from 92.4 million sq ft as of 30^th September 2025. Hyderabad recorded the strongest growth among markets with occupied stock expanding by 11% to 119.8 mn sq ft.

Viral Desai, International Partner and Senior Executive Director, Occupier Strategy Solutions, Industrial & Logistics, Capital Markets & Retail, said, “India’s office markets continue to demonstrate resilience, supported by business expansion and the evolving workplace requirements of occupiers. Pune crossing 100 million sq ft of occupied office stock is an important milestone for the market, reflecting its growing scale as a commercial real estate destination. At the same time, sustained growth across Bengaluru, Hyderabad and other leading markets highlights the breadth of office market activity across the country.”

Heavyweights: Markets with over 100 mn sq ft of occupied stock

• Bengaluru: Retained its position as India’s largest office market, with occupied stock increasing 9% YoY from 208.3 million sq ft to 227.9 million sq ft as of 30^th September 2026.
• NCR: Continued to rank as the country’s second-largest office market, with occupied stock rising 2% YoY to 178.3 million sq ft from 175.0 million sq ft.
• Mumbai: Recorded occupied office stock of 148.2 million sq ft, marking a 5% YoY increase from 141.5 million sq ft as of 30^th September 2025.
• Hyderabad: Occupied stock grew 11% YoY to 119.8 million sq ft from 108.3 million sq ft, representing the fastest growth among the four markets with over 100 million sq ft of occupied stock.

Pune crosses 100 mn sq ft; Ahmedabad leads growth among smaller markets

• Pune: Crossed the 100 million sq ft milestone, with occupied office stock reaching 101.0 million sq ft as of 30^th September 2026, up 9% YoY from 92.4 million sq ft. The achievement underscores the market’s growing scale within India’s commercial office landscape.
• Ahmedabad: Recorded the fastest growth among the four markets with occupied stock below 100 million sq ft, increasing 10% YoY to 28.0 million sq ft from 25.5 million sq ft.
• Chennai: Occupied stock grew 5% YoY to 89.5 million sq ft from 85.5 million sq ft as of 30^th September 2025.
• Kolkata: Recorded a 9% YoY increase in occupied office stock to 25.0 million sq ft from 22.9 million sq ft.