Global Capability Centres (GCCs) propel India’s office property market to a new peak in the March quarter
- IBEF
- April 4, 2025
India’s Global Capability Centres (GCCs) have significantly boosted its office property market, driving it to record highs in the March quarter. This surge in demand has been led by major corporations expanding their operations, particularly in key cities like Bengaluru, Hyderabad, and Pune. The robust leasing activity in premium office spaces highlights India’s growing prominence as a hub for high-value business operations. Multinational firms increasingly choose India for their back end and innovation-driven functions, reinforcing their position as global outsourcing and corporate services leaders.
The commercial real estate sector has witnessed sustained momentum, with increased investments and higher absorption rates of Grade A office spaces. GCCs have emerged as the primary occupiers, accounting for a substantial share of new leasing transactions. This growth is further supported by favourable government policies and a skilled workforce, making India an attractive destination for global firms. As companies continue to prioritise cost efficiency and operational excellence, India’s office market is poised for continued expansion, solidifying its role as a key player in the global business landscape.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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