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

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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India’s rapid growth as a Global Capability Center (GCC) hub is driving unprecedented demand for co-working and flexible office spaces, heralding a multi-billion dollar opportunity within the commercial real estate sector. As more multinational corporations establish and expand their GCCs in India, their requirement for agile, technology-enabled workspace solutions is catalyzing a shift in how office real estate is designed, leased, and utilized.
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Global Capability Centres (GCCs) leased nearly 32 million square feet in FY25—up 24% from the previous year—driven by India’s skilled talent and modern office infrastructure. Delhi-NCR emerged as the top performer, with Fortune 500 firms taking half the GCC space. Demand is expanding beyond IT to banking, healthcare, and R&D.
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India’s office leasing hit a record 48.9 million sq ft in H1 2025, growing 41% YoY, driven by strong demand from Global Capability Centres, IT services, and flex operators. Bengaluru led the surge, while falling supply and rising rents signalled a tightening market, particularly in key hubs such as Mumbai and Hyderabad.
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