Global Capability Centers (GCCs) are reshaping India’s commercial real estate market. GCCs account for nearly 40 percent of total office space.
What began as a cost-led outsourcing model has matured into a strategic shift, with global firms anchoring advanced functions such as AI, cloud engineering, cybersecurity, and product development in India. This transition has moved office real estate from a support function to a core business requirement.
GCC-led expansion is driving sustained demand for Grade A, technology-enabled office spaces, while accelerating leasing across both established metros and emerging Tier 2 cities such as Coimbatore, Kochi, Indore, Jaipur, and Ahmedabad. As hybrid work models prioritize quality, flexibility, and security over footprint reduction, GCCs are raising office standards, influencing board-level location decisions, and intensifying competition among states through specialised tech zones and faster regulatory clearances. Over time, this momentum is expected to deepen long-term office absorption and anchor India’s position as a global enterprise hub.
Source: Economic Times