India office market set for next growth cycle, led by GCCs, flex spaces and REITs

India's office market is set for structural growth in 2026. Global Capability Centers will lead demand, with flexible workspaces also playing a key role. Institutional ownership through REITs will expand. Offices will become more tech-enabled and sustainable. Bengaluru will remain the top market, with Hyderabad and Delhi-NCR also showing strong activity.