Archive · 17 Sep 2025
GCCs Fueling Growth in India's Commercial Real Estate
Global Capability Centres (GCCs), which are offices of international companies in India, are significantly impacting the commercial real estate market.
They are projected to lease a substantial amount of office space in the coming years, with an anticipated growth of 15-20% over the next two years.
These centers already occupy a large amount of space in major Indian cities.
The demand is largely led by the technology sector and the trend is expected to extend to Tier II cities.
This shift also highlights a focus on innovation and technology within GCCs.
GCCs are a major driver for India’s commercial real estate sector.
Leasing by GCCs is projected to grow 15–20% over the next two years.
GCCs are projected to lease 60–65 million sq ft of Grade A office space by 2027.
GCCs accounted for 36% of total office demand in India's top seven cities since 2021.
Technology firms account for a large portion of GCC demand.
- Who
- Colliers India
- What
- GCCs are driving growth in India's commercial real estate, with increasing office space demand.
- When
- Within the next two years.
- Where
- India, specifically in the top seven cities and Tier II cities.
- Why
- GCCs are evolving into innovation and technology centers.
- Projected Leasing Growth (2 years)
- 15-20%
- Projected Grade A Office Space by 2027
- 60-65 million sq ft
- GCC Leasing in Top 7 Cities (2021-Present)
- 100 million sq ft
- GCC Share of Office Leasing (2025)
- Nearly 40%
- Leading Sector for GCC Demand
- Technology (37%)
- Key Regions Driving Activity (2021-Present)
- Bengaluru & Hyderabad (60%)
