India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Vanguard has launched its first India Global Capability Centre in Hyderabad, targeting ~300 hires by the end of 2025 and ~2,300 by 2029. The hub will drive cloud modernisation, data, AI/ML, and cybersecurity, with collaborative labs to speed digital innovation. Telangana leaders hailed the move as proof of Hyderabad’s talent depth and momentum in the GCC.
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India’s GCC market surged in FY25, with leasing rising 24% to 31.8 million sq ft. Larger deals dominated, as Fortune 500 firms led the charge. Government initiatives now aim to push GCC expansion into Tier 2 cities, aligning policy, talent, and infrastructure to fuel the next phase of growth.
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Global Capability Centres (GCCs) are driving India’s commercial real estate market with their office space leasing projected to grow 15-20% over the next two years. GCCs have leased 100 million sq ft in India’s top cities since 2021 and are poised to shape nearly 40% of the office demand by 2025, signalling a strong growth trajectory for workplace real estate.
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India’s Global Capability Centres (GCCs) have staged a powerful comeback, driving over 40% of the nation’s office leasing demand in 2025, according to Colliers. Key demand drivers extend beyond technology to BFSI, engineering, healthcare and consulting, reflecting new momentum in diversified sectors and city micro-markets. Major urban hubs like Bengaluru, Hyderabad and Chennai now form the backbone of pan-India GCC expansion, with regional leasing spikes and growing interest from Tier II cities.
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With rising saturation in major metros, real estate developers and consultants are increasingly optimistic about the role of Global Capability Centres (GCCs) in driving demand for residential and commercial properties in India’s Tier 2 and 3 cities. The expansion of GCCs is reshaping these smaller urban markets and spurring significant real estate growth.
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IndiQube Spaces Ltd, a leading managed office space operator in India, sees strong leasing demand from Indian corporates and Global Capability Centres (GCCs) despite market apprehensions. The company’s focus on scalable, customised office solutions, robust client base, and expansion strategy positions it well for continued growth.
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