GCCs Drive India’s Office Space Boom, 24% Surge in Leasing in FY25: Vestian
- Industry News
- July 3, 2025
Leasing of office space for Global Capability Centres (GCCs) jumped 24% in FY2024–25 to 31.8 million sq ft across India’s top seven cities, according to Vestian. Fortune 500 firms accounted for 13.5 million sq ft. Bengaluru led with 12.43 million sq ft, followed by substantial gains in Mumbai and other metros.
READ MOREIndia’s Global Capability Centres (GCCs) leased a record 31.8 million sq ft of office space in FY2024–25—a 24% annual rise—even though the total number of transactions dropped slightly. The surge in large deals signals a strategic focus on consolidation, scale, and long-term operational growth. Bengaluru remained the top destination, with Fortune 500 companies driving most of the absorption.
READ MOREIndia’s leading managed office provider, GoodWorks CoWork, has forayed into Hyderabad via a strategic partnership with Ektha Group. Launching 1.5 lakh sq ft of office space across Hitech City and the Financial District, the company also introduced SansoviGCC—its new enablement platform supporting global firms entering India’s fast-growing Global Capability Centre (GCC) ecosystem.
READ MOREMindspace Business Parks REIT is eyeing commercial property acquisitions worth ₹500–2,000 crore across Mumbai, Pune, and Ahmedabad as part of its growth strategy. With a healthy loan-to-value ratio and rising investor confidence, the REIT is also expanding its data centre footprint and targeting higher occupancy across its premium office assets.
READ MORETata Digital has leased 58,668 sq. ft. at One International Centre, Lower Parel, Mumbai, at ₹1.06 crore monthly rent. The five-year deal includes 49 parking slots, a 5% annual rent escalation, and a 5.5-month rent-free period, signalling strong demand for premium office space in Mumbai’s thriving commercial real estate market.
As India’s GCCs shift from support roles to strategic hubs, real estate must evolve beyond infrastructure. This article explores how flexible, tech-enabled, and people-centric workspaces are becoming core to GCC growth, talent retention, and enterprise continuity in India’s top business cities.
Flexible workspaces are rapidly becoming the preferred choice for Global Capability Centres (GCCs) in India. By offering scalable, cost-efficient, and hybrid-friendly environments, they empower GCCs to expand swiftly, engage top talent, and adapt to evolving global demands—all while optimizing operational efficiency and reducing real estate overheads.
Global Capability Centres (GCCs) are transforming India’s commercial real estate and business landscape. Driven by policy support, strong tech infrastructure, and abundant talent, GCCs are expanding beyond metros into Tier-II cities. They now serve as strategic hubs for innovation, efficiency, and global impact for multinational corporations.
As India’s GCCs shift from support roles to strategic hubs, real estate must evolve beyond infrastructure. This article explores how flexible, tech-enabled, and people-centric workspaces are becoming core to GCC growth, talent retention, and enterprise continuity in India’s top business cities.
Flexible workspaces are rapidly becoming the preferred choice for Global Capability Centres (GCCs) in India. By offering scalable, cost-efficient, and hybrid-friendly environments, they empower GCCs to expand swiftly, engage top talent, and adapt to evolving global demands—all while optimizing operational efficiency and reducing real estate overheads.
This article provides a roadmap for aspiring community managers in the coworking industry, outlining key career stages from entry-level roles to executive positions. It highlights the importance of operational expertise, soft skills, leadership, and strategic thinking, offering insights into the path of career growth and community-building success.
A community-driven coworking space goes beyond shared desks, fostering collaboration, inclusivity, and flexibility. It creates an adaptable environment where individuals feel supported, engage in meaningful connections, and contribute to a shared purpose. This culture of belonging enhances productivity, innovation, and growth for everyone involved.