GCC boom fuels US demand, US firms drive one-third of office demand in top Indian cities; Bengaluru leads office space race among top 7 cities
During the three-year period, total office leasing across Delhi-NCR, Mumbai, Bengaluru, Chennai, Kolkata, Hyderabad and Pune stood at 190 million square feet. Of this, US firms alone leased 64.5 million sq ft, with nearly 70% of that space taken to establish or expand Global Capability Centres (GCCs), JLL said.
'India's combination of skilled talent at scale, supportive ecosystem, cost advantages and a growth-oriented policy environment continues to make it an increasingly attractive destination for US corporations looking to establish and expand their global capabilities,' said Rahul Arora, Head – Office Leasing & Retail Services and Senior Managing Director (Karnataka, Kerala) at JLL India, PTI reported.
The data underlines sustained interest from US-based multinationals in India's technology hubs, led by Bengaluru, which continues to be the top choice for setting up GCCs. JLL noted that GCC-led requirements formed around 70% of all space demand from US occupiers, signalling strong long-term investment and positioning India as a key hub for R&D, technology and innovation.
Technology and BFSI (Banking, Financial Services and Insurance) companies from the US are driving much of this office demand, according to JLL, reflecting a broader global shift towards centralising high-end service operations in India.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
19 minutes ago
- Indian Express
US law firm to move Gujarat court in Air India plane crash case to seek Cockpit Voice Recorder, Flight Data Recorder data
D Michael Andrews (Mike), Principal Attorney and aviation accident lawyer from a prominent US-based law firm — Beasley Allen — who is representing at least 65 families of the victims of the London Gatwick-bound Air India 171 crash in Ahmedabad that killed 241 on board and 19 on the ground on June 12, arrived in Surat on Saturday, from where he headed to Diu to meet the lone survivor, Vishwash Kumar Ramesh. Andrews said that his law firm will file a petition in a Gujarat court to get a detailed copy of the data of the Cockpit Voice Recorder (CVR) and the Flight Data Recorder (FDR). 'Our law firm's expert team will analyse it (the data)… to file a case against Boeing in US federal court,' Andrews said. Upon his arrival, Andrews told The Indian Express: 'Today (Saturday), I met some of the family members of Ahmedabad plane crash victims and (later) will fly from Surat to Diu as I am curious to meet the lone survivor Vishwash Kumar Ramesh.' A total of 242 passengers were on board the Air India Boeing flight, which crashed within seconds after taking off from Runway 23 of the Sardar Vallabhbhai Patel International Airport. The crash saw only one survivor, British citizen from Diu Viswash Kumar Ramesh, while the victims included former chief minister Vijay Rupani. Andrews who has earlier represented families of aviation disaster victims, including victims of the 2019 crash of the Ethiopian Airlines-run Boeing 737 MAX flight 302 that killed all 149 passengers and eight crew members, had been contacted by the kin of Ahmedabad plane crash victims to represent them in the legal proceedings. Earlier on Friday, he met some of the victim's families and assured them of 'all possible help.' Andrews who has been to the crash site at Meghaninagar during an earlier visit to Ahmedabad said: 'The Air India 171 crash, along with the 737 MAX disasters, must be treated as calls for reform — to restore independent oversight, prioritise passenger safety, and rebuild global trust in aviation standards.' This will be Beasley Allen and Mike's first case in India. Terming the sharing of the wrong mortal remains with the family members as 'truly tragic', Andrews said, 'It is truly tragic…the stories I read in the media about the wrong remains being handed to the families of the victims in the UK. We have not talked to such families, nor have they approached us. I don't know how such a thing has happened'. 'This issue leads to many questions. The families have the right to know what happened. They want to understand it from the beginning… like how the bodies were handled, collected, identified and processed and, who made the decision to send them to the UK,' he said. 'In my 20 years of experience fighting aviation litigation cases, I don't remember any case where wrong remains were handed over to the families,' he added. Andrews further added, 'We have met many families who wanted to know exactly what had happened, and who should be held accountable. We have planned to file a petition in a Gujarat court to get the copies of the CVR and the FDR, collected by the investigation agencies of the Government of India. FDR will tell us 'what' happened in the plane and the CVR will tell us 'why'. The data will throw light on the sounds in the cockpit, the voices, the switches, the beeps, the sirens, the alarms and other things. Our law firm has experts …in terms of computer analysis, animation and reconstruction, hydraulic and selective engineers and pilots. The expert team will piece together all the information and understand what happened in the cockpit'. 'We can also know if the crash was caused due to a human error or if the systems in the plane were responsible… Right now, we don't know that. These two things together will give us a clear picture of what actually happened,' he said. He added, 'We are also in contact with legal firms in the UK, to assist us in the Montreal Convention Claims. A team from the Air Accident Investigation Branch of the UK had earlier come down to Ahmedabad and probed. We will also try to gather information from them. We feel that the information obtained from them will be helpful to us.' The Montreal Convention establishes liability of the airline in the case of death or injury to passengers, as well as in cases of delay, damage or loss of baggage. Talking about the lone survivor, Vishwash, Andrews said, 'I am curious to meet him. We have come to know that he lost his brother in the same incident. The family would be in great pain and worried… Apart from his family, we are also planning to meet families of other victims of Diu, who are presently available.'
Time of India
33 minutes ago
- Time of India
ICMAI CMA June 2025 result for intermediate and final to be declared on August 11 at icmai.in
CMA June 2025 result for intermediate and final releasing August 11. (AI Image) CMA June 2025 result: The Institute of Cost Accountants of India (ICMAI) will announce the Certified Management Accountant (CMA) June 2025 results for the Intermediate and Final levels on August 11, 2025. The results will be available on the official website at and candidates will need to use their login credentials to access them. The results link will be activated on the ICMAI results portal. Candidates are advised to keep their 17-digit registration number and password ready to check their result. While the exact time of release has not been officially confirmed, based on previous years' trends, the result is expected to be declared around 8 am. Confirmation from ICMAI and aspirants' appeal ICMAI Updates & Aspirant's Voice @ICAICMA, in a post on X, stated that the CMA June 2025 Intermediate and Final results will be announced on August 11, 2025. The same post also included an appeal from the student community, requesting the Institute of Cost Accountants of India to consider introducing a gap between papers in the upcoming December 2025 examination schedule. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Learn 57+ Languages Easily with AI [Join] Talkpal AI Sign Up Undo The ICMAI CMA course is conducted in two sessions every year—in June and December. The results of the CMA Foundation June 2025 session were already declared on July 8. In that session, Riya Poddar from Howrah secured the first rank in the Foundation level merit list. ICMAI CMA June 2025 login credentials required To access the Intermediate and Final results, candidates must log in using their ICMAI-provided credentials. These include their 17-digit registration number and password. The result will only be available on the official ICMAI website and cannot be accessed through any offline method. Previous pass percentages for CMA December 2024 session ICMAI has published pass percentages for the previous session held in December 2024. These statistics help in understanding the exam trends and performance benchmarks. CMA Intermediate December 2024 pass percentage: • Group-I only: 16.10% • Group-II only: 28.69% • Passed in either one of the groups: 9.89% • Passed both groups: 17.77% CMA Final December 2024 pass percentage: • Group-III only: 14.72% • Group-IV only: 50.95% • Passed in either one group: 30.76% • Passed both groups: 22.46% Steps to check ICMAI CMA June 2025 result at Step 1: Visit the official ICMAI website at Step 2: Click on the "Examination" section on the homepage Step 3: Select the link for "Result for June 2025 CMA Intermediate and Final" Step 4: Enter your 17-digit registration number and password Step 5: View and download your result for future reference Candidates are advised to take a printout of their result for future use in academic and professional references. TOI Education is on WhatsApp now. Follow us here . Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
United News of India
an hour ago
- United News of India
Trump Tariff brings down Tata Motors Q1 FY26 net profit by 30 pc to Rs 3,924 crore
Mumbai, Aug 9 (UNI) Tata Motors has officially announced that it has posted a 30 per cent decline in its Q1 FY26 net profit of Rs 3,924 crore from the Rs 5,643 crore net profit reported in the same period last year. Tata Motors stated that its performance was impacted by decline in profitability primarily from its Jaguar Land Rover business, besides volume decline in all businesses. The company stated that US President Donald Trump's tariff impacted revenues from Jaguar Land Rover which declined by more than 9 per cent to £6.6 billion (UK pound sterling). Significantly, the United States is Jaguar Land Rover's most important export market, accounting for nearly a quarter of its sales. Operating profit from Jaguar Land Rover slipped by 49 per cent to 351 million pounds or Rs 4,130 crore in Q1FY26. Revenue at Jaguar Land Rover, which was acquired by Tata Motors in June 2008, also decreased by 10 per cent to 6.6 billion pounds or Rs 77,662 crore after it had to stop exports to the United States for nearly a month in April in response to tariffs imposed by US President Trump and phased out older Jaguar models primarily made in the United Kingdom (UK). However, despite the fall in revenue, Jaguar Land Rover has kept its guidance range for FY26 unchanged at 5 to 7 per cent. "Welcomed signing of UK-US trade deal to reduce tariffs on UK-produced vehicles exported to the US from 27.5 per cent to 10 per cent, effective from June 30, 2025. EU-US trade deal announced on July 27, 2025 will, in due course, reduce tariffs on Jaguar Land Rover's European Union-made vehicles exported to the US from 27.5 per cent to 15 per cent," the company stated. The revenue of Tata Motors from operations dropped by 2.5 per cent year-on-year to Rs 1.04 lakh crore in Q1 FY26, from Rs 1.07 lakh crore in Q1 FY25, while EBITDA declined 36 per cent year-on-year to Rs 9,700 crore. The company's commercial vehicle revenues declined by 4.7 per cent to Rs 17,000 crore, while EBITDA margins improved to 12.2 per cent, due to better realisations and cost savings despite lower volumes. Revenues from passenger vehicles declined by 8.2 per cent, reflecting decreased demand and transition to newer models. UNI XC BM
