Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 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.
READ MOREGlobal 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.
READ MOREIndia’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.
READ MOREBy 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.
READ MOREGlobal 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.
READ MORECushman & Wakefield has launched an advisory platform to help multinational companies establish Global Capability Centres (GCCs) in India and beyond. With India expected to host over 2,400 GCCs by 2030, this initiative aims to capture 75% of the market, driving significant demand for office space and transforming the real estate sector.
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