The rise of Global Capability Centers (GCCs) is fueling India’s commercial real estate revolution. Over 200 new setups in two years have propelled the sector forward, with experts eyeing a 350 million square foot milestone in the next few years.
JLL’s insights show GCC leasing peaking at 31 million square feet in 2025, a testament to the vibrancy in top metros. Each city is forging its identity: Bengaluru’s tech dominance (34-39%, 900+ units), Hyderabad’s biotech prowess (20-23%), and Pune’s balanced appeal (15-20%).
Ninety percent of GCC operations cluster in Tier-1 areas, supported by 263 million square feet of elite office stock in seven key cities. These hubs accounted for 40% of decade-long leasing volumes.
Dr. Samantak Das, JLL’s top economist, emphasizes the sector’s maturity: ‘Metrics reveal consistent expansion amid a maturing landscape.’
Shifts are underway as Tier-2 cities step up. Ahmedabad leverages industrial strength and GIFT City; Kolkata and Jaipur blend culture with commerce. This expansion is strategic, backed by economic vitality and emerging prospects.
For businesses, India’s GCC network offers scalability and synergy. As footprints expand, so do opportunities for talent, infrastructure, and inclusive growth across urban India.