Airbnb Expands Regional Presence with 46,000 Square Foot Office Lease in DLF Cyber City, Gurugram

Airbnb Expands in India with Premium Office Space Lease

Bengaluru: Airbnb Global Capability Center Pvt Ltd has taken up 46,437 sq ft of office space on lease at DLF Cyber City in Gurugram, highlighting the robust demand for premium real estate by Global Capability Centers (GCCs) in India.

The lease agreement, which was accessed by Propstack, a real estate data platform, reveals that Airbnb will pay a monthly rent of around ₹61.53 lakh for a five-year tenure with a 5% rent escalation annually. Additionally, the company has paid a deposit of ₹5.54 crore for the office space on the 21st floor (Tower A) in DLF Cyber City.

Airbnb's expansion at DLF Cyber City reflects the incredible momentum in India's commercial real estate market, according to Raja Seetharaman, co-founder of Propstack. "Global Capability Centers (GCCs) have moved beyond simple back-offices to become the primary engine driving premium institutional leasing," he said. "Tech leaders committing to long-term, high-value leases at over ₹130 per sq ft proves that the appetite for top-tier grade-A infrastructure remains incredibly robust."

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GCCs led office space leasing in the January-March period, clocking a record 9.1 million sq ft and contributing 44% of overall absorption of 20.7 million sq ft, according to property advisory CBRE India. The demand for office space remained concentrated in key hubs like Bengaluru, Delhi-National Capital Region, and Mumbai, driven largely by Fortune 500 firms and U.S-based companies.

The market's evolving growth trajectory is highlighted by a clear preference for green-certified, high-quality assets and the rise of mid-market and nano GCCs, according to CBRE. "The consistent preference for green-certified, amenity-rich locations signals that the 'flight to quality' is no longer a trend but a baseline expectation," said Ram Chandnani, managing director, leasing services, India, CBRE.

As per a recent PTI report, Airbnb CEO Brian Chesky said the company will continue to invest and play the "long game" in India, one of the fastest-growing global markets driven by rising middle class and travel-hungry Gen Z. In line with its long-term vision for the Indian market, the company has continued investments in the region to cater to a growing base of domestic travellers.

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