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India Rises as Top Destination for Global Capability Centers with 53 Million Sq Ft Leased Since 20220
- Industry News
- September 9, 2024
India has become a top destination for Global Capability Centers (GCCs), leasing 53 million square feet of office space since 2022. With 67% of GCCs planning further expansion, India’s skilled workforce, cost-effectiveness, and supportive government policies continue to attract global firms, boosting the commercial real estate sector.
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Flutter Entertainment Invests $3.5 Million to Open Global Capability Centre in Hyderabad0
- Industry News
- August 30, 2024
Flutter Entertainment has invested $3.5 million to open an 80,000 sq. ft. Global Capability Centre in Hyderabad. The facility will support over 700 employees and plans to expand to 900 by 2024. The company aims to have 40% women in leadership roles by 2026.
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Global Capability Centers (GCCs) Fuel India’s Booming Office Space Market0
- Industry News
- August 29, 2024
Global Capability Centers (GCCs) are driving a surge in India’s office space demand, with 53 million square feet leased since 2022. As 67% of GCCs plan to expand further, developers are focused on creating premium office spaces, particularly in regions like Delhi-NCR and Gurugram, to meet this growing demand.
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India’s GCCs Set to Dominate Office Space by 20270
- Industry News
- August 2, 2024
India’s Global Capability Centers (GCCs) are set to occupy 26 million sq ft of office space by 2027. With 6,667 deals from 2018-2023, GCCs are crucial to India’s innovation landscape. Projections show that 1,900 centres will be built by 2025, driven by the IT/ITeS, BFSI, and consulting sectors, highlighting India’s global strategic importance.
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GCCs Set to Occupy 26 Million Sq Ft Office Space by 2027: Knight Frank India0
- Industry News
- July 26, 2024
By 2027, India’s Global Capacity Centres (GCCs) are expected to expand their office space to 26 million sq ft, driven by a surge in leasing deals and strategic growth in the IT/ITeS and BFSI sectors. This growth not only underlines India’s pivotal role in global business innovation and talent acquisition but also sets a promising trajectory for the future of these sectors.
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GCCs Drive India’s Office Leasing with 37% Share0
- Workspace Solutions
- July 18, 2024
Global Capability Centers (GCCs) drive 37% of India’s office leasing, attributed to BFSI and technology firms. Bengaluru, Pune, and Hyderabad lead in leasing, highlighting strategic importance. Diversified tenant demand and flexible office spaces indicate continued growth in India’s commercial real estate.
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Flexinsights
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About Flex Insights
theflexinsights.com is a platform aiming at being the go-to place for insights, trends and predictions about coworking and flexible workspaces in India. It aims at connecting individuals, businesses and workspaces to create a fostering environment and to propel growth for the overall coworking and flexible workspaces industry within India.
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