Gurugram surpasses 100 million sq ft office stock, becoming North India's largest market

Gurugram has crossed 100 million square feet of total office stock this year, emerging as the largest office market in North India, and one of the biggest in the country.

The city leased 40 million sq. ft. of office space and added 21 million sq. ft. of new supply between 2021 and Q1 2026, according to CBRE.

CBRE projects that Gurugram's office stock will expand to approximately 120-125 million sq. ft. by 2030.


"Gurugram's evolution from an industrial satellite town into a 100-million-square-foot office market reflects four decades of sustained infrastructure investment, policy support, and developer confidence. Institutional ownership, green-certified assets and strong interest from international occupiers continue to deepen, positioning Gurugram among the most mature office markets in the country," said Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & North Africa, CBRE.

The city accounts for around 6% of India's entire REIT stock. Meanwhile, of the total 100 million sq. ft., around 59 million sq. ft. is now green-certified, and around 35 million sq. ft. is institutionally owned.

International occupiers leased over 17 million sq. ft. in the city over the last five years, underscoring a sustained global confidence in the market.

"The next phase of growth will be driven less by sheer volume and more by what occupiers demand from a building—sustainability, wellness-oriented design, and flexibility. We are also beginning to see early interest from sectors such as life sciences and aviation, which have not historically been significant office occupiers in Gurugram," said Abhinav Joshi, Head of Research, India, Middle East & North Africa, CBRE.

Global as well as domestic corporates are increasingly setting up large-format campuses in the city. Foreign universities are establishing a presence within Grade A tech parks; and the Development Management Agreement (DMA) model is enabling capital-light, institutional-quality development.

“The CBRE report also highlights that Haryana's growth story is no longer confined to its established urban centres. Panipat is emerging as one of the state's most promising growth destinations, driven by improving connectivity, industrial expansion and increasing developer interest. With projects like the Delhi–Panipat–Karnal Namo Bharat corridor and continued upgrades to NH-44, the city is becoming more accessible to both homebuyers and investors,” said Parvinder Singh, CEO, Trident Realty

Gurugram attracted approximately USD 6 bn in investment inflows between 2018 and Q1 2026, with close to 70% of deals valued above USD 100 million.

Land and site acquisitions accounted for the largest share of this capital (50%), followed by built-up office assets (38%) and industrial & logistics developments (5%). The rest of the segments accounted for the remaining 7%.

’Gurugram has undergone a transformation few Indian cities can match- evolving from a satellite market of Delhi into a self-sustaining economic powerhouse. With global corporations, a thriving entrepreneurial ecosystem, and a growing base of discerning residents, the city has emerged as a destination for talent, capital, and an elevated lifestyle,” said Priyamvada Navet, Deputy CEO, Experion Developers.

The CBRE report reflects a fundamental shift in Haryana's development trajectory, where infrastructure corridors and economic clusters are becoming the key drivers of urbanisation.

“Growth is increasingly extending beyond established markets to emerging cities connected by expressways, industrial hubs and rapid transit networks. This corridor-led development model is creating balanced regional growth by attracting investments, generating employment and strengthening demand across residential, commercial and mixed-use real estate,” said Ashish Agarwal, Director, AU Real Estate.

Established locations, such as Sector 15 continue to command strong demand due to their mature social infrastructure and strategic connectivity, while emerging corridors like the Dwarka Expressway are defining the city's next phase of residential expansion.

“As connectivity improves and commercial ecosystems deepen, homebuyers are placing greater emphasis on accessibility, liveability and long-term value creation. This shift is accelerating the growth of well-connected micro-markets, reaffirming that integrated infrastructure and planned urban development will remain the strongest drivers of premium residential demand in Gurugram,” said Santosh Agarwal, Executive Director & CFO, Alpha Corp Development Limited.

Improved connectivity through the Delhi-Mumbai Expressway, the Sohna Elevated Road and seamless access to Gurugram have accelerated Sohna’s evolution from a peripheral location to a high-potential residential destination. As infrastructure, employment hubs and social amenities continue to expand, Sohna is attracting both end-users and long-term investors,” said Anil Godara, Founder and Managing Director, J Estates.