Gurugram has achieved a significant milestone by crossing 100 million square feet of total office space in 2026, according to CBRE's Corridors & Clusters: Driving Haryana's Next Growth Phase report. The city has demonstrated remarkable growth over the past five years, adding 21 million square feet of office space and recording 40 million square feet of leasing since 2021. This development positions Gurugram as the largest office market in North India, marking a substantial transformation from its previous industrial satellite town status. As per CBRE's latest report, the milestone follows a five-year run in which the city leased 40 million sq. ft. of office space and added 21 million sq. ft. of new supply between 2021 and Q1 2026.
The city's office portfolio shows strong environmental and institutional characteristics with 59% of Gurugram's 100 million square feet now classified as green-certified, indicating a significant commitment to sustainable development. Additionally, approximately 35% of the total stock is institutionally owned, reflecting the growing institutional confidence in the market. According to CBRE, over half of the city's office stock is green-certified while one-third is institutionally owned. International occupiers have leased 17 million square feet over the past five years, demonstrating sustained global confidence in the city's office market. The city accounts for around 6% of India's entire REIT stock, highlighting its maturity in the real estate investment market. As per Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & North Africa, CBRE, Gurugram stands out not just in scale but in quality of real estate as well, with institutional ownership, green-certified assets and strong international occupier interest continuing to deepen.
The market has attracted substantial investment interest, with $6 billion in investment inflows recorded between 2018 and Q1 2026. According to CBRE, 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%. The development management agreement (DMA) model has been instrumental in enabling capital-light, institutional-quality development across the city. Global and domestic companies are increasingly establishing large-scale campuses in Gurugram, while foreign universities are setting up facilities in Grade A technology parks. Notably, close to 70% of deals were valued above $100 million, indicating the market's premium positioning.
CBRE projects continued expansion for Gurugram's office market, with office stock expected to reach 120-125 million square feet by 2030. The report identifies emerging sectors showing early interest, including life sciences and aviation, which have not historically been significant office occupiers in Gurugram. This diversification is expected to broaden the city's demand base over the coming years, further strengthening its position as a major commercial hub. The expansion will be driven by a flight to quality, demand for sustainable assets and workplace designs focused on health and wellness. As per Anshuman Magazine, the evolution reflects four decades of sustained infrastructure investment, policy support, and developer confidence, positioning Gurugram among the most mature office markets in the country.
