Hyderabad has taken the lead as India’s top destination for healthcare and pharma Global Capability Centres, according to Savills India. With GCCs driving 44% of office absorption in 2024 and strong future demand projected through 2030, the city is strengthening its role as a high-value office and innovation hub.
Hyderabad is rapidly cementing its position as one of India’s most sought-after Global Capability Centre destinations, particularly for healthcare and pharmaceutical firms. According to a recent Savills India report, the city now leads the country in healthcare and pharma GCC absorption, marking a significant shift in India’s office leasing dynamics. Alongside Bengaluru and Pune, Hyderabad is a core part of India’s GCC ecosystem, with the three cities accounting for nearly 70% of total GCC leasing activity between 2020 and 2024.
Record Office Absorption Driven by GCCs
GCC-led demand has reached unprecedented levels. In 2024 alone, GCCs accounted for 33 million sq. ft. of office absorption across India, representing 44% of total office leasing—the highest share ever recorded. Hyderabad played a central role in this surge, attracting global enterprises looking to establish innovation hubs, R&D centres, and high-value digital capability operations. This sustained absorption highlights the city’s growing appeal for long-term, large-scale office commitments.
Strong Growth Outlook Through 2030
The growth runway remains robust. Savills India estimates that GCCs leased around 112 million sq. ft. of office space nationwide between 2020 and 2024 and are expected to add another 180 million sq. ft. between 2025 and 2030. A meaningful portion of this future demand is projected to flow into Hyderabad, supported by its deep talent pool, improving infrastructure, and rising interest from life sciences, pharma, and emerging technology sectors.
Talent, Infrastructure, and Sector Focus
India currently hosts about 1,800 GCCs employing nearly 1.9 million professionals, a number expected to grow to 2,200 GCCs and 2.8 million employees by 2030. Hyderabad is well-positioned to capture a growing share of this expansion. Demand from automotive, semiconductors, and life sciences is expected to drive nearly 30% of future GCC leasing, further strengthening the city’s relevance for high-value office occupiers. Its ecosystem of research institutions, tech talent, and Grade A office stock continues to attract global firms seeking scalability and operational resilience.
Implications for Office and Flexible Workspace Demand
The rise of healthcare and pharma GCCs is reshaping Hyderabad’s commercial real estate market. Large-format campuses, flexible office solutions, and future-ready workspaces are increasingly in demand as occupiers prioritize collaboration, digital infrastructure, and employee experience. This trend is creating long-term visibility for office landlords while opening opportunities for flexible workspace operators catering to hybrid and project-based teams.
GCC Real Estate as a Strategic Investment
Reflecting this shift, Savills India Managing Director (Research and Consulting) Arvind Nandan notes that “green infrastructure, hybrid work models and strategic location choices will shape the next wave of GCC expansion,” adding that “GCC real estate is no longer just a cost but an investment to attract talent and innovate.” As Hyderabad continues to strengthen its healthcare and pharma GCC base, the city is set to remain a key growth engine for India’s office and flexible workspace sector through the rest of the decade.
