Bangalore ($1/sqft, 14.2% vacancy) and Delhi-NCR ($2/sqft, 12.6% vacancy) compete on different axes: Bangalore on rent and tax and Delhi-NCR on talent depth.
Bangalore ($1/sqft, 14.2% vacancy) and Delhi-NCR ($2/sqft, 12.6% vacancy) compete on different axes: Bangalore on rent and tax and Delhi-NCR on talent depth.
| Metric | Bangalore | Delhi-NCR |
|---|---|---|
| Region | APAC | APAC |
| Country | India | India |
| Class A rent (USD/sqft/yr) | $1 | $2 |
| Class A rent (local) | 110 INR | 130 INR |
| Vacancy | 14.2% | 12.6% |
| Trend | rising | rising |
| Prime yield | 8.5% | 8.2% |
| Premium flex / seat / month (USD) | $280 | $320 |
| Submarkets covered | 5 | 5 |
| Corporate tax | 25.17% | 25.17% |
| Metric | Bangalore | Delhi-NCR |
|---|---|---|
| Typical term | 9 yrs | 9 yrs |
| Typical rent-free | 6 mos | 6 mos |
| Lease norms | Net leases (tenant pays opex, taxes separately). 9-year terms with 3-year lock-ins standard. Free rent of 4-9 months and TI of INR 1,500-3,000/sqft typical on a 9-year Class A deal. | Net leases. 9-year terms with 3-year lock-ins. Free rent of 4-9 months and TI of INR 1,500-3,000/sqft typical. |
| Tax note | 22% base corporate income tax plus surcharges and cess for an effective rate of 25.17%. New manufacturing companies eligible for 15% concessional rate. SEZ benefits available in selected GCC parks. | 22% base corporate income tax plus surcharges and cess for an effective rate of 25.17%. SEZ benefits available in select Gurugram and Noida parks. State stamp duty considerations apply across NCR jurisdictions. |
| Metric | Bangalore | Delhi-NCR |
|---|---|---|
| Talent index (0–100) | 82 | 84 |
| Talent note | Deepest tech and engineering talent pool in India — anchored by IISc, IIM Bangalore, IIIT-B, and a deep network of engineering colleges. English-fluent professional base supports global delivery operations. | Deepest BFSI, consulting, and government affairs talent in India. Strong feed from IIT Delhi, Delhi University, JNU, and IIM Lucknow. English-fluent professional base. |
Bangalore: BMRCL Namma Metro (Purple, Green, Yellow Lines), BMTC bus. Whitefield is now Metro-served (2023). Bengaluru Suburban Rail under construction. Heavy congestion on Outer Ring Road remains a tenant concern.
Delhi-NCR: Delhi Metro (12 lines + Aqua Line in Noida + Rapid Metro Gurugram). Indira Gandhi International Airport (DEL) connected via Airport Express. Bus, RRTS Rapid Rail (Delhi-Meerut, Delhi-Alwar) under expansion.
Bangalore is the cheaper Class A market on a USD basis.
Delhi-NCR has the deeper talent index (84/100 vs 82/100).
Tax rates are tied.
Bangalore typical term is 9 years with 6 months free; Delhi-NCR runs 9 years with 6 months free.
Bangalore: BMRCL Namma Metro (Purple, Green, Yellow Lines), BMTC bus. Whitefield is now Metro-served (2023). Bengaluru Suburban Rail under construction. Heavy congestion on Outer Ring Road remains a tenant concern. Delhi-NCR: Delhi Metro (12 lines + Aqua Line in Noida + Rapid Metro Gurugram). Indira Gandhi International Airport (DEL) connected via Airport Express. Bus, RRTS Rapid Rail (Delhi-Meerut, Delhi-Alwar) under expansion.
Score Bangalore, Delhi-NCR and up to two more markets side-by-side on Class A rent, vacancy, talent, corporate tax, and premium flex pricing — all in USD.
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.