India’s office leasing market is surging, recording its strongest-ever first quarter for January to March. Gross leasing grew 10% year-on-year to 21.5 million sq ft, supported mainly by pre-committed deals from large occupiers, including GCCs and major tech firms. This keeps momentum despite shifting occupier strategies and market uncertainties.
Embassy REIT turned in strong FY2026 performance, leasing 6.4 million sq ft and lifting revenue by 13%. The REIT completed new office developments and delivered a record 3.3 million sq ft. With capital raised to bolster its balance sheet, Embassy REIT expects continued double-digit growth in distributions and net operating income in FY2027.
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