Real estate services firm JLL has appointed Nishant Kabra as the new Managing Director for Bengaluru, strengthening its leadership team in one of India’s fastest-growing commercial real estate markets. With nearly two decades of experience in the sector, Kabra will oversee JLL’s operations across all business lines in Bengaluru while continuing in his existing role as Managing Director – Investment Sales and Debt Advisory for the company’s Capital Markets business in India.
The appointment comes as Bengaluru continues to maintain its position as India’s largest office market and a preferred destination for Global Capability Centres (GCCs), multinational companies and institutional investors.
Leadership focus on India’s biggest office market
Announcing the appointment, Radha Dhir, Chief Executive Officer, India, JLL, said Bengaluru remains India’s innovation hub and the country’s largest office market, with more than 800 Global Capability Centres (GCCs) operating in the city.
According to JLL, Bengaluru accounted for 43.4 million sq. ft. of GCC leasing between 2022 and the first half of 2026, representing 38% of the total GCC office space leased across India during the period. The company said Kabra’s experience in capital markets and institutional investments will help strengthen client relationships and support JLL’s long-term growth strategy.
Commenting on his new role, Nishant Kabra said Bengaluru is witnessing strong demand from global businesses while evolving into a quality-driven commercial real estate market. He added that JLL will continue helping clients secure premium office spaces, optimise real estate portfolios and navigate changing workplace requirements, including those driven by artificial intelligence (AI).
Bengaluru continues to lead commercial real estate growth
JLL highlighted Bengaluru’s continued dominance in India’s commercial real estate sector. The city currently has 243.7 million sq. ft. of Grade A office space, making it the country’s largest Grade A office market and one of the biggest office hubs in the Asia-Pacific region.
Between 2022 and the first half of 2026, Bengaluru recorded 82 million sq. ft. of cumulative gross office leasing. During the second quarter of 2026, the city accounted for 31.6% of office leasing by foreign occupiers, the highest share among Indian cities.
The city also witnessed 8.3 million sq. ft. of net office absorption in the first half of 2026, reflecting a 24.2% year-on-year increase and contributing nearly 31% of total office absorption across India.
JLL also noted that Bengaluru added 66.2 million sq. ft. of new office supply between 2022 and the first half of 2026, with another 18–19 million sq. ft. expected to be completed by the end of this year. The company said more than 40% of India’s REIT-owned office assets are located in Bengaluru, highlighting continued confidence among institutional investors.
According to JLL, businesses are increasingly opting for premium office spaces as they modernise workplaces and adapt to AI-driven transformation. With vacancies in prime commercial locations falling to single digits, the company believes Kabra’s leadership will help clients make informed real estate decisions in an increasingly competitive market.
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