GCC Leases Surge in India

Many big companies from other countries are setting up offices in India called Global Capability Centres (GCCs).

These offices are not just for simple tasks anymore but are becoming important hubs for technology and other global operations.

Because of this, these companies are signing longer leases, sometimes for 15 to 30 years, and building very large office campuses.

This has made the work for law firms more complicated.

They now have to do a lot of checks and help with things like getting approvals, managing risks, and making sure the buildings are built well.

The number of these GCCs in India is growing, and they are leasing a lot of office space.

This is a big change from how things used to be, and it's keeping law firms very busy.