Mumbai, August 7, 2026: JLL has named Nishant Kabra as its new Managing Director for Bengaluru, expanding its leadership in India’s largest commercial real estate market, the company announced on Wednesday.
Kabra, who brings nearly 20 years of experience in commercial real estate, will oversee JLL’s operations across all business lines in Bengaluru. He will also continue in his current position as Managing Director – Investment Sales and Debt Advisory for JLL’s Capital Markets business in India.
Bengaluru’s office market scale
Bengaluru accounts for 27% of India’s office leasing over the past decade and is home to more than 800 Global Capability Centres (GCCs), the highest concentration in the country. The city recorded 43.4 million sq. ft. of leasing activity by GCCs between 2022 and the first half of 2026, representing 38% of all GCC space take-up nationally, according to JLL.
The market has 243.7 million sq. ft. of Grade A office stock, making it the largest such inventory in India and among the biggest in the Asia-Pacific region. Between 2022 and H1 2026, Bengaluru registered cumulative gross leasing of 82 million sq. ft., capturing 31.6% of all leasing by foreign occupiers in Q2 2026. Net absorption reached 8.3 million sq. ft. in H1 2026, a 24.2% year-on-year increase, accounting for 30.9% of pan-India absorption.
Supply pipeline and investment trends
The city delivered 66.2 million sq. ft. of new office supply between 2022 and H1 2026, with an additional 18–19 million sq. ft. expected by the end of 2026. REIT-owned office space in Bengaluru now accounts for over 40% of India’s total REIT-owned office market, reflecting strong institutional investor confidence.
JLL noted that the market is seeing a “flight to quality” as occupiers seek premium assets, a trend accelerated by AI-driven transformation. Vacancy rates in core submarkets have fallen to single digits.
Leadership comments
Radha Dhir, Chief Executive Officer, India, JLL, said Kabra’s appointment aligns with the firm’s Accelerate 2030 strategy and will strengthen its institutional investor connections in Bengaluru. “His proven success leading our Capital Markets business is a key asset that will strengthen our institutional investor connect, aligning with our Accelerate 2030 strategy to empower our people and drive integrated success for clients,” Dhir said.
Nishant Kabra said, “Bengaluru stands at an inflection point where unprecedented demand from global firms meets a maturing, quality-focused market. I am excited to lead JLL’s efforts in helping clients make strategic decisions, whether securing premium space in supply-constrained submarkets or optimising portfolios for AI-driven transformation.”
About JLL
JLL is a global real estate services firm with operations across India, including significant presence in Bengaluru’s commercial property sector.
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