India’s commercial property market posted its strongest half-year on record, with office space leasing across the nine largest cities reaching 39 million square feet in the January-June period, data from Knight Frank show. Mumbai recorded the fastest rental growth, while Hyderabad logged 5.9 million square feet of take-up, a 16 percent year-on-year jump that outpaced the national average. Residential prices also climbed in every major market, propelled by demand for larger, amenity-rich homes. The National Capital Region and Bengaluru led with 14 percent annual increases, followed by Hyderabad at 11 percent and Mumbai at 8 percent, leaving the financial hub the nation’s costliest. Of the 170,000 units sold, nearly half were priced above ₹1 crore, underscoring the shift toward premium and luxury housing even as sales of homes under ₹50 lakh fell 18 percent. Developers have responded by tilting new supply toward the ₹1–5 crore and ₹5–10 crore segments, including penthouses marketing lifestyle features rather than square footage alone. While unsold inventory ticked up 4 percent to 505,000 units, the overall quarters-to-sell ratio held steady, suggesting stable market health. A cumulative 100-basis-point cut in the Reserve Bank of India’s policy rate since January may help revive demand in the mass-market segment later this year.