India’s GCCs to Drive Office Space Demand: CBRE Report
9 APR 2025 / 03 min read
Global Capability Centres (GCCs) are expected to account for 35-40% of total office space absorption in India’s key cities in 2025, according to a report by real estate consultancy firm CBRE.
Global Capability Centres (GCCs) are expected to account for 35-40% of total office space absorption in India’s key cities in 2025, according to a report by real estate consultancy firm CBRE.
The report highlights the growing importance of GCCs in India’s office market, driven by the technology sector’s focus on advanced solutions and digital transformation initiatives. The BFSI (Banking, Financial Services, and Insurance) and E&M (Evaluation and Management) sectors are expected to drive space take-up, with notable demand from niche occupier groups.
Cities such as Bengaluru, Hyderabad, Chennai, Mumbai, Pune, and Delhi-NCR are major hubs for GCCs in India, with state-specific policies supporting GCC expansion and encouraging leasing growth in smaller cities. The report also notes that the semiconductors, aerospace, automobiles, and life sciences sectors are likely to exhibit strong GCC absorption levels.
Global corporations are increasingly capitalizing on India’s expansive talent pool, positioning their GCCs as strategic hubs or secondary headquarters to drive innovation, digital transformation, and high-value capabilities. The expansion of GCCs into multifunctional centres is expected to be fuelled by the consolidation of existing operations and the entry of new firms.
The report highlights that while US-based firms are anticipated to remain dominant contributors to GCC leasing activities, the proportion of non-US corporations is projected to increase, with European and Asian firms increasingly considering India as a strategic destination for establishing GCCs.
In 2025, leasing demand is expected to expand into tier-II cities as businesses seek strategic expansion opportunities, with cities such as Bengaluru, Hyderabad, and Mumbai, besides Delhi-NCR, sustaining their prominence in leasing activity.
