Flexible workspace operators captured 18% of office leasing across India’s six biggest office markets in the first half of 2026, making flex the fastest-growing major occupier segment, according to a new report from Savills.
Leasing by flexible workspace operators increased 16% year over year, pushing their share of total office absorption up from 16% in the first half of 2025.
Delhi-NCR Sees Biggest Increase
Flex demand grew across most of the major markets, although its share varied considerably.
Bengaluru recorded the highest overall share, with flexible workspace accounting for 23% of office absorption. Delhi-NCR saw the biggest increase, with flex operators becoming the market’s largest occupier group. Their leasing rose from about 56,000 square meters to roughly 150,000 square meters, while their share of take-up increased from 10% to 26%.
In Pune, flexible workspace represented 16% of absorption, ranking behind technology companies. Mumbai also recorded strong growth, with increased activity from flex operators contributing to a near-tripling of real estate-sector leasing compared with the previous year.
Flex activity was weaker in Chennai and Hyderabad, although the segment remained among the leading sources of office demand in both markets.
Flex Trails Only India’s IT Sector
India’s overall office market also expanded during the period. Gross absorption across the six cities reached approximately 3.9 million square meters, up 7% year over year.
IT-BPM companies accounted for the largest share at 35%. Flexible workspace followed at 18%, while banking, financial services and insurance companies represented 15%.
The figures point to flexible workspace becoming a significant part of India’s corporate office demand rather than a niche primarily associated with startups and independent workers.
Global Companies Drive Managed Office Demand
Large managed-office deals are contributing to the sector’s growth. In March, T-Mobile’s Indian business signed a managed-office agreement with WeWork India in Hyderabad covering more than 23,200 square meters at the Phoenix H10 campus. Around 300 employees are expected to work from the site.
International companies are also becoming a larger customer base for Indian flex operators. IndiQube has reported that medium and large international companies account for 40% of its clients.
Global Capability Centers (GCCs), which house technology, engineering and business operations for multinational companies, are another major source of demand. According to Savills, GCC office take-up has more than doubled since early 2022, increasing from approximately 0.9 million square meters to 1.9 million square meters.
The growth suggests that flexible workspace is increasingly being used by multinational companies as they establish and expand operations in India, particularly when they need office capacity without committing immediately to traditional long-term leases.
