Mumbai, Aug 07: JLL today announced the appointment of Nishant Kabra as its new Managing Director for Bengaluru, reinforcing its leadership position in India’s most dynamic commercial real estate hub.
With nearly 20 years of commercial real estate expertise, Nishant will lead JLL’s operations across all business lines in Bengaluru. In addition to this new role, he will continue to serve as the Managing Director – Investment Sales and Debt Advisory for JLL’s Capital Markets business in India. Nishant has a proven track record in market development, client relationships, and team leadership.
Radha Dhir, Chief Executive Officer, India, JLL, said, “Bengaluru is India’s innovation epicentre and the largest office market, home to more than 800 GCCs. The city recorded leasing activity of 43.4 million sq. ft. by GCCs between 2022 and H1 2026—representing 38% of all GCC space take-up in India. Nishant’s appointment underscores our commitment to deepening our leadership in this growth market. 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. Nishant’s expertise and vision will be instrumental in helping our clients navigate Bengaluru‘s dynamic landscape and capitalise on the extraordinary growth opportunities ahead.”
Nishant Kabra, Managing Director, Bengaluru, JLL, 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. The fundamentals here are exceptional, and I look forward to partnering with our clients as they scale operations in India’s most dynamic business hub, leveraging JLL‘s integrated platform across leasing, capital markets, and advisory services to deliver strategic advantage.”
Bengaluru: India’s Commercial Real Estate Powerhouse
- India’s Largest Market: With 243.7 million sq. ft. of Grade A office stock, Bengaluru has the largest Grade A inventory in the country and ranks among the biggest office markets in the APAC region.
- Leasing Dominance: Recorded cumulative gross leasing of 82 million sq. ft. between 2022 and H1 2026, capturing 31.6% of all leasing by foreign occupiers in Q2 2026—the highest in the country.
- Record Absorption: Delivered 8.3 million sq. ft. in net absorption in H1 2026, a 24.2% year-over-year increase that accounts for 30.9% of pan-India absorption.
- Robust Supply Pipeline: 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, reflecting strong developer confidence.
- Strong Investor Confidence: Attracted massive institutional investment, with REIT-owned office space accounting for more than 40% of India’s total REIT-owned office market, underscoring long-term confidence.
The market is experiencing a flight to quality as occupiers pursue strategic portfolio enhancements in premium assets, a trend accelerated by AI-driven transformation. With vacancy in these core submarkets falling to single digits, Nishant’s leadership will be pivotal in guiding clients through this competitive landscape, reinforcing JLL’s role as the strategic advisor of choice in India’s most important commercial hub.