07-07-2025
GCCs push India's office leasing to new heights: Report
Global Capability Centres (GCCs) are giving India's office leasing market a big boost in FY25. GCCs have taken up 42% of all leased office space this year, according to Vestian's latest COST SAVINGS: WHY GCCS ARE COMING TO INDIAWhat's driving this boom? GCCs are no longer coming to India just for cheaper costs. They now see India as a strong base for talent, innovation and large modern offices. Many of these centres are set up by Fortune 500 companies that want future-ready workplaces and skilled people to support their global to the report, GCCs leased nearly 32 million square feet of office space in FY25, that's 24% more than last year. Fortune 500 companies alone took up almost half of this LEADS THE WAY
Delhi-NCR is leading this surge, staying ahead of other big cities with its strong roads, easy travel and large talent pool. GCCs alone made up over 28% of NCR's total office leasing. In fact, Fortune 500 firms snapped up half of the GCC space here, up from 40% a year Noida and Faridabad are seeing a flood of new offices. Big global companies are looking for Grade A buildings that offer good design, better facilities and room to to Shantanu Gambhir, Co-Founder of RISE Infraventures, Delhi-NCR's office market stays robust, led by Gurugram and Noida. Global firms and GCCs want premium, well-connected spaces, making corridors like Dwarka Expressway Bhutani of Group 108 says the Noida-Greater Noida Expressway is now a top choice for GCCs and Fortune 500 firms. Better infrastructure, premium office spaces and the upcoming airport are driving growth in this IT and ITeS companies still drive most of the demand, other sectors like banking, healthcare and R&D are fast catching up. This means India's commercial real estate is no longer tied to just one industry, it's becoming more global companies put India at the heart of their operations, the push for better, greener and bigger offices will only grow. For India's office market, the message is clear, the future looks bright, and the country is ready to deliver.- Ends
