Industry News

MNCs Lease 51 Lakh Sq Ft in Delhi-NCR for GCCs, Driving Office Demand 0
- Industry News
- February 28, 2025
Delhi-NCR is witnessing a surge in demand for office space, with MNCs leasing nearly 51 lakh square feet in the past two years for Global Capabilities Centres (GCCs), marking a 4% annual growth, with India’s growing economic influence attracting GCCs across multiple sectors like engineering and manufacturing.
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Chennai’s Office Space Set to Exceed 100 Million Sq Ft by 2026, Driven by Sector Growth 0
- Industry News
- February 28, 2025
Chennai’s office space market is expected to exceed 100 million square feet by 2026, up from 89 million sqft. Industry policies, investments, and growing sectors like BFSI, life sciences, and GCCs drive this growth. The life sciences sector saw a 60% increase in space absorption in 2024.
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India’s GCC Sector Leases 37% of Office Space, Driving Future Growth 0
- Industry News
- February 28, 2025
GCCs lease 37% of office space in the top 7 cities, with demand set to grow. Bengaluru leads, followed by opportunities in Tier 2 & 3 cities, fueled by government support. Increased leasing and hiring will drive office space demand to 200-225 million square feet by 2030.
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India’s GCC Sector Expands: 24 Centers Cross $1 Billion Revenue 0
- Industry News
- February 28, 2025
India’s Global Capability Center (GCC) sector is expanding rapidly, with 24 centres surpassing $1 billion in export revenue in FY 2023-24. This growth is set to continue, with projections reaching $90 billion by 2028. GCCs are shifting from cost management to driving top-line growth through innovation and AI.
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Bengaluru Leads India’s Office Leasing Boom as GCCs Drive Demand 0
- Industry News
- February 28, 2025
Bengaluru leads India’s Global Capability Center (GCC) office leasing, accounting for 46% of total space across major cities. ANAROCK Research reports GCCs leased 52.88 million sq. ft. in two years, with Bengaluru securing 24.18 million sq. ft. Government initiatives may boost expansion into Tier 2 & Tier 3 cities.
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Sustainable Offices Dominate India’s CRE: 95% of Rated Assets Now Green-Certified 0
- Industry News
- February 28, 2025
India’s commercial real estate sector is shifting towards certified green buildings as global tenants demand sustainable office spaces. Despite a 3-5% higher upfront cost, green offices offer up to 35% energy savings. With ESG priorities shaping leasing trends and government incentives boosting adoption, sustainable workspaces are the future of CRE.
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