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Hyderabad GCC Expansion Poised to Add 8–12 Million Square Feet
Hyderabad is attracting many companies that run important business and technology work from the city.
A report says these Global Capability Centres could need 8–12 million square feet of new office space within three to five years.
The city could also add 50–70 new centres and more than 75,000 skilled jobs.
More than 515 such centres already employ over three lakh people in Hyderabad.
These centres work in areas such as technology, banking, healthcare, pharmaceuticals and engineering.
Some companies may use flexible or managed offices, creating another 2–3 million square feet of possible demand.
Most activity is expected in western Hyderabad, including Hitec City, Madhapur, Gachibowli, the Financial District and Kokapet.
The report says Hyderabad has a large skilled workforce and relatively lower office rents than the national average.
It also says GCC work is shifting toward research, engineering, analytics and digital functions.
Hyderabad could add 8–12 million sq. ft. of GCC office demand over the next three to five years.
The city may gain 50–70 GCCs and more than 75,000 high-skilled jobs.
Hyderabad has more than 515 GCCs employing over three lakh professionals.
GCC leasing rose from about 1.9 million sq. ft. in 2021 to 4.5 million sq. ft. in 2025.
The city has about 125 million sq. ft. of Grade A office stock, with another 36 million sq. ft. in development.
- Who
- Hyderabad's Global Capability Centres, with projections from ANAROCK Research and Advisory and the Federation of Indian Chambers of Commerce and Industry.
- What
- The GCC ecosystem could generate 8–12 million sq. ft. of additional office demand and more than 75,000 jobs.
- Where
- Hyderabad, especially the western corridor covering Hitec City, Madhapur, Gachibowli, the Financial District and Kokapet.
- When
- Over the next three to five years; the report also cites data through H1 2026.
- Why
- The city is expanding as a global capability hub, supported by office stock, infrastructure, talent and a broader range of GCC functions.
Key facts
- Current GCCs
- More than 515
- GCC employment
- Over three lakh professionals
- Projected GCC additions
- 50–70 over the next few years
- Projected office demand
- 8–12 million sq. ft. over three to five years
- Potential flexible-workspace demand
- 2–3 million sq. ft.
- Grade A office stock
- About 125 million sq. ft., with 36 million sq. ft. in the pipeline
- Average office rent
- About ₹75 per sq. ft. per month, compared with a pan-India average of ₹96
Quotes
Anuj Puri
Chairman of ANAROCK Group
“GCC leasing in Hyderabad has more than doubled in four years, reflecting the city's growing appeal as a global capability hub”
deccanchronicle.com
Sources
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