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

India could host over 2,400 Global Capability Centres (GCCs) by 2030, employing 2.8 million professionals, as per the FICCI–Anarock report. The GCC market is projected to reach USD 105–110 billion, driven by IT, BFSI, healthcare, and ER&D, with expansion accelerating into Tier-2 cities.
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Awfis reported a strong December quarter with operating revenue up 20% YoY to ₹382 crore and net profit rising to ₹22 crore. The coworking leader saw solid traction from GCC and enterprise clients, maintained high occupancy, added 10 centres, and strengthened leadership with a new CFO appointment effective February 3.
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India’s office market hit a historic high in 2025 with 83.3 MSF of leasing. GCCs led with a record 31 MSF, Flex operators reached their highest quarterly share, and net absorption touched an all-time high of 57 MSF. Vacancy levels dropped to a five-year low as major cities posted record activity and strong demand signals.
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Facebook India has leased 69,702 sq ft in Hyderabad’s Hitec City for five years, strengthening its long-term presence in the city. With rising GCC demand, renewed leases, and robust leasing volumes, Hyderabad continues to outpace Bengaluru in attracting global enterprises. The city closed 2025 with strong momentum, driven by diversified occupier activity.
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WeWork India has surpassed 1 lakh members, recording 33.6% YoY growth, driven by strong demand from enterprises and GCCs. With 76% enterprise revenue and rapid expansion across eight cities, the company says flexible workspaces have become core business infrastructure. Southern markets led momentum as GCC and tech-driven occupancies surged.
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Flexible workspaces are becoming the preferred launchpad for Global Capability Centres entering India. With GCCs expected to drive up to 200 million sq. ft. of office demand by 2030, flex operators are capturing a growing share by enabling faster entry, asset-light expansion, and end-to-end operational support across key office markets.
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