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

India’s Global Capability Centres (GCCs) are set to reach USD 105 billion by 2030, employing 2.8 million professionals. With 1,700 GCCs generating USD 64.6 billion, India is driving digital transformation, AI innovation, and business development, solidifying its role as a global enterprise operations hub.
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Hyderabad is on track to surpass 200 million sq. ft of office space by 2030, fueled by increasing demand from technology firms and Global Capability Centers (GCCs), according to a joint report by CBRE and the Hyderabad Software Enterprises Association (HYSEA). The city’s office stock has tripled since 2014, reaching nearly 137 million sq. ft as of December 2024.
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India’s GCC sector, currently contributing 3.5% to GDP, is expected to grow to over 5% by 2030, driven by AI technologies like DeepSeek. The sector is shifting focus to Tier-2 cities due to rising operational costs in metros, with the 2025 Budget expected to support decentralisation and innovation.
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India’s Global Capability Centres (GCCs) drive demand for co-working spaces, embracing hybrid work models, cost efficiency, and sustainability. With growth expanding to tier-2 and tier-3 cities, co-working spaces offer scalable, tech-enabled, and tailored solutions. This trend opens opportunities for businesses and investors alike, redefining the future of workspaces.
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Airbus has leased 650,000 sq ft in Bengaluru’s Titanium Tech Park to establish a Global Capability Centre, with a scalability of 800,000 sq ft. Valued at ₹500 crore, this 10-year lease supports Airbus’s innovation efforts in India’s booming aviation market, reinforcing its long-term commitment to the region.
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Chennai is set to host 450+ Global Capability Centres (GCCs) by 2030, up from 250 today, driven by premium office spaces, skilled talent, and proactive policies. CBRE’s report highlights Chennai’s ranking as India’s third-largest GCC leasing market, with robust growth in office absorption and strategic appeal for global corporations.
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