Delhi NCR office net leasing tumbles 60 percent in Q1 to 1.5 million sq ft

Published on 2 May 2026

A sharp drop tied to supply drying up

Delhi NCR’s office market saw a subdued start to the year as net leasing fell 60% in January to March to about 1.5 million sq ft, according to JLL. The decline was mainly driven by reduced new supply. Still, JLL says the long-term outlook remains solid, with leasing expected to pick up in the next quarters.

Net leasing in Delhi NCR fell 60% to 1.5 million sq ft in Q1
JLL links the drop primarily to reduced new office supply
Despite weak quarter, long-term fundamentals are viewed as strong
Leasing activity is expected to improve in coming quarters

#delhi ncr #commercial property #office leasing #real estate #jll

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Delhi NCR office net leasing tumbles 60 percent in Q1 to 1.5 million sq ft

The full experience is on mobile.