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

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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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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GCCs lease 37% of office space in the top 7 cities, with demand set to grow. Bengaluru leads, followed by opportunities in Tier 2 & 3 cities, fueled by government support. Increased leasing and hiring will drive office space demand to 200-225 million square feet by 2030.
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India’s Global Capability Center (GCC) sector is expanding rapidly, with 24 centres surpassing $1 billion in export revenue in FY 2023-24. This growth is set to continue, with projections reaching $90 billion by 2028. GCCs are shifting from cost management to driving top-line growth through innovation and AI.
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