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Delhi-NCR Office Market: Submarket Analysis English 한국어 Good day. I will now provide a detailed briefing on the core submarkets of the Delhi-NCR office space. The Delhi-NCR market is highly diversified, with each micro-market exhibiting distinct characteristics and catering to specific tenant profiles. 1. Gurugram (Gurgaon) Character: The undisputed 'Global Business Heart' of India, heavily concentrated with modern skyscrapers. Pros & Cons: Boasts excellent connectivity to IGI Airport and top-tier Grade A offices. However, it commands the highest rental rates and suffers from severe peak-hour traffic. Key Areas: DLF Cyber City, Golf Course Road, Udyog Vihar. Key Tenants: Fortune 500 IT giants (Google, Microsoft), multinational financial institutions, consulting firms. Market Trends: Driven by the 'Flight to Quality', demand for ESG-compliant premium bui...

Delhi-NCR Office Market Analysis (Q1 2026) Comprehensive Insights & Submarket Dynamics English 한국어 1. Comprehensive Market Overview Backed by solid macroeconomic indicators—including a 7.80% GDP growth in Q3 FY25-26, CPI inflation at 3.21%, and a Services PMI of 58.2—the Delhi-NCR office market continues to show resilience [cite: 1, 2] . As of Q1 2026, the gross leasing volume (GLV) reached 2.8 million sq. ft., reflecting a 36% quarter-on-quarter increase [cite: 2] . Net absorption stood at 1.51 million sq. ft. [cite: 2] . The market is driven by large space requirements, with deals over 100,000 sq. ft. comprising 48% of the activity [cite: 1] . Flexible workspace operators led the demand at 27%, and significantly, all flex space deals in Q1 comprised fresh take-up rather than renewals, highlighting strong occupier confidence [cite: 1, 2] . 2. Submarket Dynamics & Key Movers Gurugram dominated the region, capturi...