Mumbai, Feb 17 (TNT): India’s Global Capability Centres (GCCs) have emerged as the single largest structural demand driver for Grade A office real estate, with leasing activity touching a record 31 million sq ft in 2025, according to a new report by JLL.
The report, India GCC Guide 2025, highlighted that GCCs now account for nearly 40% of total office leasing activity over the past decade, underscoring their central role in shaping India’s commercial property landscape.
Bengaluru commands a 34-39% market share through its over 900 GCC units, setting the benchmark as the leader of the pack, while Hyderabad’s 20-23% market capture is built upon its status as the undisputed healthcare-biotech sector leader.
This geographic specialisation model is reshaping how multinational corporations approach their Indian operations, moving beyond simple cost arbitrage to leverage each city’s unique strengths.
Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL, said“ With over 90% of current GCC activity concentrated in Tier I cities, these centers have commanded more than 263 million sq. ft of Grade A office stock across the top seven cities, while driving 40% of all office leasing activity over the past decade. Over 200 new GCCs have entered India in just the last two years, with projections indicating total GCC footprint will surpass 350 million sq. ft within the next 3-4 years. This growth is particularly driven by US-headquartered firms, which represent 70% of all GCC demand from 2018 to 2025, underscoring India’s strategic importance to American enterprises”.
The future belongs to GCCs that view location strategy not as a cost center, but as a competitive differentiator, leveraging India’s multi-tiered city framework to build resilient, scalable operations that can adapt to changing global business demands. This multi-year growth trend reflects a fundamental shift where India has become indispensable to global corporate strategy, offering not just operational efficiency but strategic capability building across the entire value chain, Dr Samantak added.
TNT KS
Leave a Reply