New Launch - India Real Estate Report 2026.
Genpact has leased nearly 4 lakh square feet of office space at ASF Insignia in Gurugram.
The space is being leased from ASF Group. The company announced the deal on September 16.
Sources say the long-term deal is valued at Rs 420 crore to Rs 450 crore.
Deal Details and Timeline
Genpact is expected to take possession in the second quarter of 2027. Operations will begin around the same time.
The space can hold approximately 5,000 to 8,000 employees. It is designed to support round-the-clock operations.
Genpact will occupy an exclusive tower at Kings Canyon. Kings Canyon is one of the marquee buildings within ASF Insignia.
ASF Group called this one of the largest office leasing deals in the NCR. It says the deal reinforces the region's appeal to large enterprises.
It also highlights strong demand from global capability centre operations.
Aanchal Saraf Aggarwal is a director at ASF Group. She said the deal reflects growing demand for Grade A office space.
She added that companies want scalable, integrated environments. These spaces combine workplace quality with operational efficiency.
She also said ASF Insignia's infrastructure and location meet large-scale business needs.
Also Read: Tata AIA Leases 98,000 Sq Ft in Thane for ₹91 Crore Over 10 Years
About ASF Insignia
ASF Insignia spans approximately 50 acres. It offers close to 4.5 million square feet of premium office space.
The campus includes three marquee buildings: Kings Canyon, Grand Canyon, and the upcoming Black Canyon. It is home to technology companies and global capability centres.
- Campus size: ~50 acres, ~4.5 million sq ft of office space
- ASF Group has delivered 5+ million sq ft of workspace across Northern India
- Smartworks earlier leased ~450,000 sq ft at the same campus
The campus is designed as a walk-to-work ecosystem. It combines bonded SEZ space, de-bonded SEZ space, and commercial IT park facilities. Genpact could not be reached for comment.
Also Read: Booking Holdings Leases 1.11 Lakh Sq Ft Office in Bengaluru
Delhi-NCR Office Leasing Trends
Knight Frank India released a report on office leasing trends. Delhi-NCR recorded 7.2 million square feet of gross office leasing in H1 2026.
This matches the record set in H1 2025. It marks the highest half-yearly leasing volume ever recorded.
Gurugram led Delhi-NCR in H1 2026 with a 45 percent share of total leasing. This is down from 65 percent in H1 2025, as demand spread to other areas. Noida saw the biggest gain, rising to a 39 percent share from 24 percent.
SBD Delhi held its position as the third-largest market. Its share rose to 15 percent from 8 percent a year earlier.
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