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

India’s growing Global Capability Centre (GCC) ecosystem is accelerating demand for Grade A flexible workspaces. Table Space founders highlighted swift office delivery, integrated services, and tech-enabled scalability. With expansion into Tier-2 cities and global markets, managed workspace operators are key infrastructure partners for multinational firms.
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Intercontinental Exchange has leased nearly 193,000 sq ft of Grade-A office space in Pune’s Magarpatta Cybercity for a new global capability centre. The long-term deal reflects rising demand from multinationals for scalable campuses in India. Strong talent availability, competitive costs, and established office ecosystems continue to position Pune as a major GCC hub.
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US companies accounted for 70% of India’s GCC demand between 2018 and 2025, as leasing touched a record 31 million sq ft in 2025. Tier I cities dominate with over 90% activity, while Tier II markets gain traction with 10–35% cost savings. More than 200 new GCCs entered India over the past 2 years.
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Bengaluru has emerged as the world’s leading Global Capability Centre (GCC) hub, with GCCs driving nearly 40% of office leasing across India’s top cities in 2025. The FICCI–ANAROCK Workplaces 2025 report highlights record leasing, strong Grade A supply, and rising demand for ESG-ready, tech-enabled workspaces across metros and Tier-2 cities.
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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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