Housing sales across India’s top seven cities fell 6% in early 2026, according to Times of India. At the same time, the IIMB–CRE Matrix GCC Commercial Property Rental Index (GCC CPRI) for Q1 CY’26, reported by CRE Matrix, showed that Global Capability Centres (GCCs) remain a major driver of the country’s commercial office market.

In the residential segment, Delhi‑NCR, the Mumbai Metropolitan Region (MMR) and Pune experienced declines in housing sales, while Bengaluru, Hyderabad and Kolkata recorded modest growth, Times of India reported. Delhi‑NCR also posted the highest price appreciation among the seven cities, according to the same source.

Times of India linked the slowdown in buyer sentiment to economic uncertainties and the Middle East conflict, and noted that developers launched more new homes during the period.

CRE Matrix said GCCs’ long‑term expansion strategies, preference for premium office assets and growing footprint across major cities continue to influence rental trends beyond the broader occupier market. The GCC CPRI provides India’s first dedicated benchmark tracking effective rents paid by GCC occupiers across Grade A and A+ office assets, and the latest index revealed a structurally evolving office market, with GCC expansion intensifying rental premiums in select cities while stabilising pricing in established markets.

Hyderabad retained its lead as India’s strongest GCC office market in Q1 CY’26, CRE Matrix reported.