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Indian GCCs leased 100M sq ft since 2021, driving 36%-40% of office demand, with growth projected to 60-65M sq ft by 2027.
Global Capability Centers (GCCs) in India are driving strong growth in office leasing, with 100 million square feet leased since 2021 across top cities, making up 36% to 40% of total demand.
Projected to expand 15-20% over the next two years, GCCs are expected to lease 60-65 million square feet of Grade A space by 2027.
Technology firms lead with 37% market share, while BFSI and engineering sectors are rapidly expanding, contributing 40-50% of leasing.
Bengaluru and Hyderabad dominate, accounting for over 60% of GCC activity, with key micro-markets like Bengaluru’s Outer Ring Road and Hyderabad’s Secondary Business District driving significant demand.
Tier II cities are gaining momentum due to lower costs and improved infrastructure.
Los GCC indios arrendaron 100 millones de pies cuadrados desde 2021, lo que generó un 36%-40% de la demanda de oficinas, con un crecimiento proyectado de 60-65 millones de pies cuadrados para 2027.