India's Office Momentum Builds APAC Edge, Delhi-NCR in Spotlight

Viren Mehta, Founder & Director, ElitePro Infra, “What stands out in NCR is the balance in demand drivers. While GCCs remain dominant, we’re also seeing BFSI, consulting and domestic corporates expanding footprints. That diversification makes the market more resilient. However, the sustainability of growth will depend on supply discipline. If rental appreciation accelerates too sharply, mid-sized occupiers could begin exploring peripheral markets. The next few months will be about maintaining equilibrium, ensuring that new supply aligns with genuine absorption rather than speculative development. 

What differentiates Gurugram is the ecosystem: established infrastructure, corporate clustering and talent availability. If this momentum continues, NCR could consolidate its position as one of India’s most stable and scalable office markets over the next growth cycle."Therefore, much of India’s projected leadership in 2026 will hinge on how effectively markets manage supply alongside sustained expansion from global capability centres. For Delhi-NCR, the opportunity is evident, but so is the responsibility to maintain discipline in new launches and ensure that fresh inventory aligns with genuine occupier demand.