Premiumisation is redefining office spaces in Delhi NCR
Delhi NCR's office market is experiencing a shift toward premium Grade A+ properties, with Grade A+ space rising from 45% to 65% of annual leasing between 2022 and 2025, driven by multinationals, Global Capability Centres, and tech companies prioritizing sustainability and modern amenities. Grade A+ vacancy declined sharply from 14.2% to 4.9% over the same period while rents climbed from INR 99.6 to INR 123.5 per sq. ft., creating a 32% premium over traditional Grade A buildings, with only 8.1 million sq. ft. of new Grade A+ supply planned for 2026-2028 versus 26.4 million sq. ft. total supply expected.
Published by JLL. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- JLL
- Obtained from
- Unknown: source not established
- Published
- Jul 12, 2026
- Last updated
- Jul 12, 2026 (1 month ago)
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